PBM Polytex Limited has successfully received the final insurance settlement for the fire incident that occurred at its Petlad manufacturing unit. The company announced the receipt of Rs 67,32,268 as complete settlement of the insurance claim related to the fire that took place on 17th August 2025.

Fire Incident and Recovery Timeline

The fire incident at the Petlad manufacturing unit in Gujarat had prompted the company to issue multiple regulatory notifications to keep stakeholders informed. Following the incident on 17th August 2025, PBM Polytex undertook restoration activities and successfully completed the rehabilitation of the affected facility in September 2025.

Regulatory Compliance and Communication

The company maintained transparency throughout the incident management process by filing regular updates with the stock exchange. PBM Polytex had issued prior intimations on multiple dates including 18th August 2025, 26th August 2025, 4th September 2025, and 18th September 2025, keeping investors and stakeholders informed about the developments.

The latest communication, filed on 13th March 2026, confirms the successful conclusion of the insurance claim process. Company Secretary and Compliance Officer Swati Billore signed the regulatory filing, emphasizing the company's commitment to maintaining proper disclosure standards under SEBI regulations.

Business Impact Resolution

The receipt of the complete insurance settlement amount represents a positive development for PBM Polytex, as it provides financial recovery for the losses incurred due to the fire incident. The company's prompt restoration efforts in September 2025 had already addressed the operational aspects of the incident, and the insurance settlement now addresses the financial impact.

With both the physical restoration of the manufacturing facility and the financial settlement through insurance now complete, PBM Polytex has successfully managed the aftermath of the fire incident at its Petlad unit. The company continues its operations with the restored facility contributing to its manufacturing capabilities in Gujarat.

PBM Polytex Limited has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Gujarat-based cotton yarn manufacturer demonstrated a strong recovery in Q3FY26 performance, marking a significant turnaround from the previous year's losses.

Financial Performance Highlights

The company's standalone results showed impressive improvement across key metrics. Net profit surged to ₹232.26 lakhs in Q3FY26 compared to a loss of ₹134.16 lakhs in Q3FY25, representing a remarkable operational turnaround.

Nine-Month Performance

For the nine months ended December 31, 2025, PBM Polytex reported revenue from operations of ₹11,856.25 lakhs compared to ₹12,645.55 lakhs in the corresponding period last year. The company achieved a marginal net profit of ₹19.05 lakhs for the nine-month period against a loss of ₹361.33 lakhs in the previous year.

Operational Metrics

The company's cost structure showed mixed trends during Q3FY26. Cost of materials consumed increased to ₹2,477.88 lakhs from ₹2,623.92 lakhs in Q3FY25. Employee benefit expenses rose to ₹586.24 lakhs compared to ₹562.56 lakhs in the previous year quarter. Power and fuel costs significantly increased to ₹598.39 lakhs from ₹382.37 lakhs year-on-year.

Regulatory Compliance and Corporate Governance

The Board of Directors approved these results in their meeting held on February 14, 2026, which commenced at 11:30 AM and concluded at 12:35 PM. The statutory auditors, Mahendra N. Shah & Co., completed the limited review as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company noted the implementation of four new Labour Codes by the Central Government effective November 21, 2025. On preliminary review, management found no material impact on financials, with detailed assessment ongoing pending finalization of Central/State Rules.

Business Segment and Operations

PBM Polytex operates in a single segment of cotton yarn manufacturing, which is considered the only reportable business segment under Ind AS 108. The company's other income for Q3FY26 and nine months included ₹609.69 lakhs representing profit on sale of freehold land, contributing to improved overall performance.