PBM Polytex faces complete shutdown at BLP Super Spinners unit

PBM Polytex Limited has reported a complete manufacturing shutdown at its BLP Super Spinners unit after workers resorted to an illegal sit-down strike. The strike began on the night of June 2, 2026, bringing all production activities at the facility to a halt. The company disclosed the development to the stock exchange, citing Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

The disruption affects the company's operations at the BLP Super Spinners unit, though the specific financial impact of the shutdown was not detailed in the filing. The intimation was submitted by Swati Billore, Company Secretary & Compliance Officer, on June 3, 2026. The company has not yet provided a timeline for the resolution of the strike or the resumption of manufacturing.

Key Details of the Incident

Detail	Information
Unit Affected	BLP Super Spinners
Nature of Incident	Illegal sit-down strike
Impact	Complete manufacturing shutdown
Start Date	Night of June 2, 2026
Regulation	SEBI LODR Regulation 30, 2015

The situation remains ongoing, and further updates from pbm polytex regarding the duration and financial implications of the strike are awaited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.02%	-4.92%	-3.39%	0.0%	-26.54%	-9.02%

PBM Polytex Limited reported a consolidated net loss of ₹157.42 lakh for the financial year ended March 31, 2026, narrowing from a loss of ₹443.79 lakh in the previous year. Revenue from operations declined 5.5% to ₹16,651.92 lakh from ₹17,621.48 lakh in FY25. The company's standalone net loss for the year stood at ₹148.75 lakh, compared to a loss of ₹467.82 lakh in the prior year.

The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors, M/s. Mahendra N. Shah & Co., issued an unmodified opinion on the financial results. The company did not declare any dividend for the financial year 2025-26.

Financial Performance

The company's total income for FY26 stood at ₹17,504.13 lakh, down from ₹17,819.73 lakh in the previous year. Total expenses decreased to ₹17,709.91 lakh from ₹18,417.63 lakh in FY25. For the quarter ended March 31, 2026, the company reported a net loss of ₹136.89 lakh on a total income of ₹4,881.23 lakh.

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from Operations	16,651.92	17,621.48
Total Income	17,504.13	17,819.73
Total Expenses	17,709.91	18,417.63
Net Profit/(Loss)	(157.42)	(443.79)
Basic EPS	(2.29)	(6.45)

Key Disclosures

The financial results include an additional provision of ₹31.56 lakhs towards past service cost following the implementation of new Labour Codes effective from November 21, 2025. Additionally, the company accounted for a liability of ₹159.05 lakhs regarding an out-of-court settlement for wage revision disputes at its BLPSS unit. Other income for the year included ₹609.69 lakhs from the profit on the sale of freehold land.

Board Appointments and AGM

The Board appointed M/s. D.P. Sarda & Co. and M/s. Y. Iyer & Co. as internal auditors for the BLP and Petlad units respectively for FY27. M/s. K.C. Moondra & Associates were appointed as cost auditors for the financial year 2026-27. The Board also reconstituted the Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee.

The 107th Annual General Meeting is scheduled for September 28, 2026, with a book closure from September 22, 2026, to September 28, 2026.