Pauravi Mihir Shah, identified as a Person Acting in Concert (PAC) with the Whole Time Director of Shree Ganesh Elastoplast Limited , acquired 18,000 equity shares on June 29, 2026. The transaction was executed through open market operations at a price of ₹18.11 per share, amounting to a total consideration of ₹3,25,980. This acquisition increases the consolidated holding of the PAC group within the company to 17.15%.

The disclosure was submitted in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7 of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The filing confirms that the acquirer does not belong to the promoter or promoter group of the company.

Shareholding Details

The acquisition impacts the shareholding structure of the PAC, which includes Pauravi Mihir Shah, Mihir Rameshchandra Shah, and Merry Share-fin Limited. Prior to the transaction, the group held 16.82% of the total voting capital, which has now risen to 17.15%.

The equity share capital of Shree Ganesh Elastoplast Limited stands at 55,02,000 equity shares of ₹10 each. The company has confirmed that no trading in derivatives was executed by the declarant during this period.

Shree Ganesh Elastoplast Limited narrowed its net loss to ₹48.01 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹147.42 lakh in the previous year. The company posted a net profit of ₹4.23 lakh for the fourth quarter of FY26, recovering from a net loss of ₹183.06 lakh in the same period last year. Total income for the year stood at ₹480.48 lakh, down from ₹1,975.01 lakh in FY25, primarily due to lower income from operations.

The Board of Directors reviewed the audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 29, 2026. The results were prepared in compliance with Indian Accounting Standards (Ind AS) and reviewed by the Audit Committee. The statutory auditors expressed an unmodified opinion on the standalone financial results. Additionally, the Board appointed M/s. Umangi Bhavsar & Associates Chartered Accountants as Internal Financial Auditors for a term of five years from 2026-27 to 2029-30.

Financial Performance

Income from operations for FY26 fell to ₹478.66 lakh from ₹1,973.20 lakh in the previous year. In Q4 FY26, income from operations rose to ₹252.58 lakh from ₹144.36 lakh in the corresponding quarter of the previous year. Total expenditure for the year decreased to ₹529.63 lakh from ₹2,124.98 lakh in FY25.

The company reported a profit before tax and exceptional items of ₹3.94 lakh for Q4 FY26, compared to a loss of ₹195.53 lakh in Q4 FY25. For the full year, the loss before tax and exceptional items narrowed to ₹49.16 lakh from a loss of ₹149.97 lakh in the previous year.

Balance Sheet and Cash Flows

The company's total assets stood at ₹439.83 lakh as of March 31, 2026, down from ₹451.77 lakh in the previous year. Equity and liabilities totaled ₹439.83 lakh, with equity share capital remaining constant at ₹550.20 lakh. Reserves excluding revaluation reserves stood at a negative ₹194.19 lakh compared to a negative ₹146.18 lakh in the prior year.

Cash and cash equivalents decreased to ₹29.87 lakh as of March 31, 2026, from ₹56.26 lakh a year earlier. Net cash from operating activities was negative at ₹59.05 lakh for FY26, compared to a negative outflow of ₹305.35 lakh in FY25. The company generated net cash of ₹1.25 lakh from investing activities and ₹31.41 lakh from financing activities during the year.