PBM Polytex has scheduled its 107th Annual General Meeting for September 28, 2026, at 11:00 am via video conferencing. The primary agenda involves the potential disposal of wind mill undertakings and the re-appointment of key board members.

The company has set September 22, 2026, as the record date. Shareholders holding shares on or before the cut-off date of September 21, 2026, will be eligible to vote electronically. The book closure period runs from Tuesday, September 22, 2026, to Monday, September 28, 2026, inclusive. Remote e-voting commences on Friday, September 25, 2026, at 9:00 am and closes on Sunday, September 27, 2026, at 5:00 pm.

Annual Report and Shareholder Communications

The company has issued an intimation regarding the availability of its Annual Report for FY26. Pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, a physical letter containing the weblink and exact path to the report is being sent to shareholders who have not registered their email addresses with the company, depositories, or the Registrar and Share Transfer Agent, MUFG Intime India Pvt Ltd.

The Annual Report for the Financial Year 2025-26 can be accessed via the company’s website at the following path:

This communication also serves as a reminder for security holders holding physical securities to update their KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. The circular mandates recording PAN, address, mobile number, bank account details, specimen signature, and nomination choices. Payments for folios without updated details will only be made electronically effective April 1, 2024.

Agenda: Wind Mill Asset Disposal

The primary agenda item involves the potential disposal of wind mill undertakings. The company seeks shareholder approval to either renew lease agreements or sell, scrap, or otherwise dispose of four wind mill units as a going concern.

These assets have a book value of ₹123.65 lakh as on March 31, 2026. They face expiring land leases and power purchase agreements in 2027.

Board and Management Re-appointments

Shareholders will vote on the re-appointment of Gopal Patodia and Mohan Kumar Patodia as Managing Directors for three-year terms starting April 1, 2027. Both directors exceed the standard age limit of 70 years but have been recommended for retention due to their extensive industry experience.

Additionally, the board proposes re-appointing Amishal Modi as an Independent Director for a second five-year term from August 12, 2027, to August 11, 2032.

Executive Compensation Changes

The meeting will also address a revision in the total remuneration for Amit Patodia, Senior President cum Chief Executive Officer. His annual pay is proposed to increase from ₹60 lakh to ₹72 lakh, effective October 1, 2026. This change requires shareholder consent under Section 188 of the Companies Act, 2013, as he is a relative of a director.

Financial Context

PBM Polytex reported a standalone net loss of ₹148.75 lakh for FY26, an improvement from the ₹467.82 lakh loss recorded in FY25. Revenue from operations declined to ₹16,651.92 lakh in FY26 from ₹17,621.48 lakh in the prior year.

What the Numbers Show

Other income surged significantly to ₹863.81 lakh in FY26 compared to ₹198.25 lakh in FY25. This sharp rise in non-operating income helped narrow the net loss despite the decline in core revenue and operating margins, which remained negative with an EBITDA of ₹214.38 lakh against revenue of ₹16,651.92 lakh.

Corporate Actions

The company will ratify the remuneration of K. C. Moondra & Associates as Cost Auditor for FY27 at ₹60,000 plus GST. Furthermore, shareholders are asked to approve charitable contributions up to ₹18 lakh per financial year, which may exceed the statutory limit of 5% of average net profits given the recent loss-making years.

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.