PBM Polytex has re-appointed Mohan Kumar Patodia as Managing Director for a further term of three years, effective from April 1, 2027 to March 31, 2030.

The company’s Board of Directors approved the re-appointment during its meeting held on Thursday, August 13, 2026. The move ensures continuity in leadership for the textile manufacturer, with Patodia having over 50 years of experience in marketing cotton yarn and other textile products.

Appointment Details

The re-appointment is subject to approval by shareholders in the company’s ensuing Annual General Meeting (AGM). This follows the previous re-appointment approved by members at the 103rd AGM held on September 25, 2023, which covered the term from April 1, 2024 to March 31, 2027.

Regulatory Disclosures

In its intimation to the BSE Limited under Regulation 30 of the SEBI (LODR) Regulations, 2015, PBM Polytex disclosed that Mr. Patodia is not debarred from holding the office of director by any SEBI order or other authority.

Regarding related-party disclosures, the company noted that none of the directors are related to Mr. Mohan Kumar Patodia, except for Mr. Krishan Kumar Patodia and Mr. Gopal Patodia.

The intimation was signed by Swati Billore, Company Secretary & Compliance Officer, on August 13, 2026.

PBM Polytex reported a return to profitability in its first quarter of FY27, posting a standalone net profit of ₹247.81 lakh for the period ended June 30, 2026. This marks a significant turnaround from the net loss of ₹79.05 lakh recorded in the corresponding quarter of FY26. Consolidated net profit stood at ₹195.19 lakh, compared to a consolidated loss of ₹147.03 lakh in Q1FY26.

Despite the profit recovery, revenue from operations contracted by approximately 16% year-on-year, falling to ₹3,884.82 lakh from ₹4,647.07 lakh in the previous fiscal’s first quarter. The decline in top-line growth contrasts with the bottom-line improvement, suggesting operational efficiencies or favorable cost dynamics offsetting lower sales volumes.

Financial Performance

The company’s total income for the quarter was ₹3,995.41 lakh, driven primarily by revenue from operations alongside other income of ₹110.59 lakh. Total expenses came in at ₹3,664.28 lakh. Notably, cost of materials consumed decreased to ₹2,318.15 lakh from ₹2,597.41 lakh in Q1FY26, while power and fuel costs also saw a slight reduction to ₹501.40 lakh.

Profit before tax (PBT) stood at ₹331.13 lakh, a sharp improvement from a PBT loss of ₹99.23 lakh in the prior year quarter. Deferred tax expenses were recorded at ₹83.32 lakh, impacting the final net profit figure. Earnings per share (EPS) turned positive at ₹3.60, compared to a negative EPS of ₹1.15 in Q1FY26.

What the Numbers Show

A key divergence in the quarterly results is the decoupling of revenue and profitability. While revenue declined by nearly ₹762 lakh year-on-year, the company swung from a pre-tax loss to a pre-tax profit of over ₹331 lakh. This improvement appears largely driven by a reduction in material costs and inventory adjustments, where changes in inventories contributed a negative expense (benefit) of ₹183.31 lakh in Q1FY27, compared to a positive expense of ₹708.32 lakh in Q1FY26. This suggests inventory drawdowns or valuation adjustments played a material role in the current quarter’s profit recovery, rather than pure operational volume growth.

Corporate Actions

In other developments during its meeting on August 13, 2026, the Board of Directors approved several administrative and strategic proposals:

• Director Re-appointments: The Board approved the re-appointment of Mr. Gopal Patodia and Mr. Mohan Kumar Patodia as Managing Directors for a three-year term from April 1, 2027, to March 31, 2030. Additionally, Ms. Amishal Modi was re-appointed as an Independent Director for a five-year term starting August 12, 2027. All appointments are subject to shareholder approval at the ensuing Annual General Meeting.
• Committee Reconstitution: The Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee were reconstituted following the demise of Non-Executive Director Mr. Hari Prasad Siotia.
• Wind Mill Disposal Proposal: The Board approved a proposal to either renew lease agreements or sell/scrap four wind mill undertakings located in Gujarat. These assets contributed only 0.75% of total turnover in FY26.
• Preference Shares: Consent was given to revise the redemption terms of preference shares held in associate company Eurotex Industries and Exports Limited, extending the redemption tenure to before December 8, 2036.

The unaudited financial results were reviewed by the Audit Committee and approved by the Board. Statutory auditors Mahendra N. Shah & Co. issued a limited review report on the standalone and consolidated financial statements.