Pearl Polymers Limited shareholders approved the adoption of audited standalone financial statements for FY26 and the reappointment of Amit Seth as Director with a 99.95% majority in favour.

The voting results for the 55th Annual General Meeting held on September 25, 2026, were formally submitted to the National Stock Exchange and BSE on September 26, 2026. All resolutions were passed with the requisite majority as per the scrutinizer's report.

Voting outcomes and shareholder participation

The e-voting process, facilitated by NSDL, saw participation from 74 shareholders attending via Video Conferencing. The total number of shareholders on the record date was 16,609. For both Item No. 1 (Financial Statements) and Item No. 2 (Director Reappointment), the total votes polled amounted to 94,20,923 shares.

Note: For Resolution 2, promoter group votes were excluded from the calculation of validity due to interest, but the final percentage reflects the approved majority.

Key resolutions passed

Members approved two ordinary resolutions during the session:

1. Adoption of audited standalone financial statements for FY26, along with Board and Auditor reports.
2. Reappointment of Amit Seth (DIN: 00017395) as Director, replacing himself upon retirement by rotation.

Governance and attendance details

The meeting was chaired by Udit Seth, Chairman and Managing Director. Six directors were present, including three independent directors. Statutory auditors Goel & Goyal Co. and secretarial auditors Abhishek Gupta & Associates attended virtually.

Shareholder engagement and audit status

Company Secretary Prachi Tyagi informed members that statutory registers were available for electronic inspection. She confirmed that the Notice of AGM and annual reports had been dispatched to registered email addresses. For members without registered emails, physical letters containing web links were sent.

A notable aspect of this filing is the explicit confirmation that there were no qualifications, observations, adverse remarks, or disclaimers in either the Statutory Auditor's Report or the Secretarial Auditor's Report for FY26. This indicates a clean compliance record across both financial and procedural governance metrics for the fiscal year.

As a gesture of appreciation, the company announced a special coupon code, SHAREHOLDER10, offering a flat 10% discount on PearlPET products for eligible shareholders. Voting results will be disseminated on stock exchange websites and the company portal.

Pearl Polymers reported a narrowed loss for FY26, with the loss after tax reducing by 6.86% to ₹476.88 lakh from ₹512 lakh in FY25. This improvement occurred despite a 10.33% decline in revenue from operations to ₹1,970.31 lakh. The company remains debt-free.

The Board of Directors scheduled the 55th Annual General Meeting (AGM) for September 25, 2026, at 12:30 pm via Video Conferencing or Other Audio Visual Means. The meeting will consider the adoption of audited standalone financial statements and the re-appointment of Mr. Amit Seth as a director.

Financial Performance Highlights

The company's gross total revenue stood at ₹2,265.36 lakh in FY26, down from ₹2,516.81 lakh in FY25. Total expenses decreased to ₹2,756.87 lakh from ₹3,043.94 lakh. The loss before tax improved by approximately ₹35.62 lakh to ₹(491.51) lakh.

Balance Sheet and Liquidity

As of March 31, 2026, total assets stood at ₹3,599.55 lakh, a decrease of 11.88% from ₹4,085.04 lakh in the previous year. Current assets declined to ₹2,865.13 lakh from ₹3,438.28 lakh, primarily due to a reduction in current investments to ₹2,298.90 lakh from ₹2,652.01 lakh. Cash and cash equivalents dropped by 51.98% to ₹36.35 lakh. The company maintained a debt-free balance sheet with no borrowings.

AGM Details and Corporate Governance

Shareholders holding shares as on the cut-off date of September 18, 2026, are eligible to vote. Remote e-voting opens at 9:00 am on September 22, 2026, and closes at 5:00 pm on September 24, 2026. National Securities Depository Limited (NSDL) facilitates the e-voting process. Mr. Abhishek Gupta has been appointed as the Scrutinizer.

The primary agenda includes appointing Mr. Amit Seth (DIN: 00017395) as a director in place of his retirement by rotation. He is eligible and offers himself for re-appointment. The company’s registered office is located at A97/2 Okhla Industrial Area, Phase 2, New Delhi.

Shareholder Communications and Compliance

The company has issued letters to shareholders whose email addresses are not registered, providing web-links and QR codes to access the Annual Report for FY 2025-26. This disclosure is pursuant to Regulation 30 and Regulation 36(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Electronic copies of the Notice of the AGM along with the Annual Report are being sent to shareholders with registered email addresses.

For those without registered emails, the documents can be accessed via the company’s website at www.pearlpet.net under the Investor Helpdesk section. Physical copies can be requested by writing to pearlsecretarial@pearlpet.net with Folio No., DP ID, and Client ID.

The company also reminded security holders holding physical securities to update their KYC details pursuant to SEBI Master Circular No. HO/38/13/(4)2026-MIRSD-POD/1/4298/2026 dated February 6, 2026. This includes recording PAN, address, mobile number, bank account details, specimen signature, and nomination choices. From April 1, 2024, dividend payments for folios with non-updated details will be made electronically only upon furnishing these details; otherwise, they will be kept in the Unpaid Dividend Account.