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.

Noble Polymers Limited is the subject of an open offer to acquire up to 22,76,406 equity shares, representing 26.00% of the emerging voting share capital, at a price of ₹5 per share. The offer is being made by Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra, collectively referred to as the Acquirers, pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer is payable in cash, and the Acquirers have stated that there has been no revision to the offer price.

The Committee of Independent Directors of the Target Company published its recommendation on July 08, 2026, stating that the offer price is fair and reasonable and in line with SEBI (SAST) Regulations. The offer is not a competing offer under Regulation 20 of the SEBI (SAST) Regulations. The Letter of Offer was dispatched to shareholders on July 03, 2026, and is also available on the websites of SEBI, the Target Company, the Registrar to the Offer, the Manager to the Offer, and BSE.

Revised Schedule of Activities

The Manager to the Offer, Kunvarji Finstock Private Limited, has issued a corrigendum to the Detailed Public Statement and Letter of Offer to update the Corporate Identification Number of the Target Company to L66120GJ1994PLC022429. The document also incorporates updates to various clauses regarding risk factors, directorship details, and statutory approvals.

Instructions for Shareholders

Public Shareholders holding shares in physical form must approach a selling broker to place bids on the Designated Stock Exchange platform. Acceptance of physical shares is subject to verification by the Registrar and Transfer Agent. Shareholders holding shares in dematerialized form may participate by approaching their respective selling brokers. In case of non-receipt of the Letter of Offer, shareholders may download it from the official websites or participate by submitting a written application with relevant details.