Noble Polymers has fixed September 25, 2026 as the record date to determine shareholders eligible for the final dividend of ₹0.05 per equity share. The payout is subject to approval at the 32nd Annual General Meeting (AGM) scheduled for September 30, 2026.

The company announced that the Register of Members and Share Transfer Books will remain closed from September 26, 2026 to September 30, 2026 (both days inclusive). This closure facilitates the AGM and the determination of dividend entitlements for the financial year ended March 31, 2026.

Financial Context

Noble Polymers reported a net loss of ₹160.75 lakh for FY26, compared to a profit after tax of ₹319.66 lakh in FY25. The company recorded nil revenue from operations during the period. Total income for FY26 stood at ₹33.68 lakh, comprising entirely of other income, a sharp decline from ₹563.64 lakh in the previous year.

Total expenses rose slightly to ₹194.43 lakh from ₹178.26 lakh in FY25. The decline in profitability is attributable to the absence of non-recurring other income recognized in the preceding year, coupled with fixed administrative and listing-related costs.

Dividend Details

The board recommended a final dividend of ₹0.05 per equity share of face value ₹5 each, aggregating to ₹4,37,770. If approved by members, the dividend will be paid on or before October 29, 2026. Eligibility is determined based on names appearing in the Register of Members or the list of Beneficial Owners furnished by depositories as at the close of business hours on the record date.

Corporate Actions and Leadership

The board also approved the consolidation of equity shares from a face value of ₹5 to ₹10. Every two fully paid-up shares of ₹5 will become one fully paid-up share of ₹10. This requires approval from members, BSE Limited, and depositories.

Mr. Mahesh Alabhai Oedra and Mr. Hiren Rambhai Oedra were appointed as Whole-time Directors designated as "Executive Directors" for five years effective September 30, 2026, without remuneration. Additionally, Mr. Akash Prakashbhai Thakore was appointed as Chief Financial Officer.

What the Numbers Show

The company's total income dropped by over 94% year-on-year, driven entirely by the non-recurrence of other income, while operating expenses remained relatively stable. This highlights that the current cash burn is primarily due to fixed compliance and administrative overheads rather than operational losses, as revenue from operations remains nil.

Noble Polymers reported a significant improvement in profitability for the first quarter of FY26, with standalone net profit rising to ₹101.17 lakh from ₹13.30 lakh in the same period last year. This represents a year-on-year increase of approximately 663%. The company’s revenue from operations stood at ₹1,117.90 lakh for the quarter ended June 30, 2026.

The financial results were approved by the Board of Directors during a meeting held on Friday, August 14, 2026, in Ahmedabad. The meeting commenced at 1:00 pm and concluded at 1:45 pm. Pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted its unaudited standalone financial results along with the limited review report issued by its statutory auditors.

Financial Performance

The company’s total income for the quarter was recorded at ₹1,126.02 lakh, comprising revenue from operations of ₹1,117.90 lakh and other income of ₹8.12 lakh. In the corresponding quarter of the previous fiscal year, total income was ₹21.24 lakh, driven entirely by other income as revenue from operations was not disclosed for that period.

Total expenses for Q1FY26 amounted to ₹1,024.84 lakh. The major components included purchase of stock-in-trade at ₹1,015.23 lakh, employee benefits expenses at ₹2.70 lakh, and other expenses at ₹6.92 lakh. There were no finance costs or depreciation expenses reported for the quarter.

Earnings per equity share (basic and diluted) stood at ₹1.56 for the current quarter, compared to ₹0.21 in the same period last year. For the full year ended March 31, 2026, the company had reported a loss of ₹168.54 lakh.

What the Numbers Show

The divergence between the current quarter’s performance and the preceding full-year result highlights a sharp turnaround in operational efficiency. While the company posted a loss of ₹168.54 lakh in FY26, the first quarter of FY26 generated a profit of ₹101.17 lakh. This shift coincides with a substantial increase in reported revenue, which was nil in the comparative column for Q1FY25 but stands at ₹1,117.90 lakh in Q1FY26. The gross margin on operations can be inferred from the difference between revenue (₹1,117.90 lakh) and purchase of stock-in-trade (₹1,015.23 lakh), indicating a gross profit of ₹102.67 lakh before operating expenses. This gross profit comfortably covers the operating expenses of ₹9.62 lakh (employee benefits + other expenses), driving the bottom-line recovery.

Auditor’s Review

R. B. Gohil & Co., Chartered Accountants, Jamnagar, issued the independent auditor’s review report on the quarterly standalone financial results. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410. Based on their review, the auditors stated that nothing came to their attention to cause them to believe that the statement has not disclosed the information required under the Listing Regulations or contains any material misstatement. CA Raghubha Gohil, Partner at R. B. Gohil & Co., signed the report on August 14, 2026.