Padmanabh Alloys & Polymers promoter Hemal Rajeshbhai Desai acquired 572 equity shares in the open market on September 4, 2026. The transaction increased his stake to 1.666% of the company’s total voting capital.

The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Desai purchased the shares directly from the open market, with no encumbrances or pledges attached to the newly acquired holdings.

Holding Details

Before this transaction, Desai held 89,618 equity shares, representing 1.655% of the total voting rights. Following the purchase, his total holding stands at 90,190 shares.

The company’s total equity share capital remains unchanged at 54,13,300 equity shares with a face value of ₹10 each. There are no warrants, convertible securities, or other instruments entitling the acquirer to additional voting rights.

Padmanabh Alloys & Polymers has scheduled its 31st Annual General Meeting for Wednesday, September 30, 2026. The meeting will be held at 11:30 am at the company’s registered office in Surat.

The register of members and share transfer books will remain closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026. This closure ensures the determination of shareholders eligible to vote.

Key Dates and Details

Shareholders holding shares as of the record date, Wednesday, September 23, 2026, are entitled to cast their votes. The e-voting window runs from 9:00 am on Sunday, September 27, 2026, until 5:00 pm on Tuesday, September 29, 2026.

Financial Performance FY26

Padmanabh Alloys & Polymers reported a revenue from operations of ₹4,555.59 lakh for the fiscal year ended March 31, 2026, an increase from ₹3,903.62 lakh in FY25. However, net profit after tax declined to ₹14.60 lakh, down from ₹23.88 lakh in the previous year.

Profit before tax rose to ₹20.42 lakh from ₹12.43 lakh in FY25. Finance costs decreased slightly to ₹40.57 lakh from ₹43.45 lakh. Depreciation and amortization expenses increased to ₹21.47 lakh from ₹19.27 lakh.

Key Financial Metrics

Total assets stood at ₹2,263.96 lakh as of March 31, 2026, compared to ₹2,175.43 lakh in the prior year. Current assets increased to ₹2,009.46 lakh from ₹1,930.23 lakh. Trade receivables decreased to ₹1,378.41 lakh from ₹1,428.56 lakh.

Corporate Governance and Compliance

The Board recommends the re-appointment of Chetankumar Mohanbhai Desai as a Director, who retires by rotation. Shareholders are also asked to ratify the remuneration of ₹25,000 payable to M/s. Bhanwarlal Gurjar & Co., Cost Accountants, for verification of cost records for FY27.

The company disclosed a contingent liability of ₹118.51 lakh regarding a GST show cause notice issued by the office of DGGSTI. The auditors noted that the entire shareholding of promoters is not in dematerialized form as required under SEBI regulations.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE630U01014/c0d3c094-8dea-4271-9f0c-588fb86b428c.pdf