Polson Limited reported a net profit of ₹160.63 lakh for the quarter ended June 30, 2026, marking a 30.8% year-on-year increase from ₹122.82 lakh in Q1FY26. The Mumbai-based manufacturer of eco-friendly tannin extracts and leather chemicals saw revenue from operations rise 20.2% to ₹28.32 crore, up from ₹23.55 crore in the corresponding period of the previous fiscal year.

The improvement in profitability was underpinned by a decline in finance costs, which fell to ₹64.93 lakh from ₹89.41 lakh a year ago. Meanwhile, other income increased slightly to ₹51.06 lakh from ₹35.34 lakh. The company’s total comprehensive income for the period stood at ₹161.75 lakh.

Financial Performance Highlights

What the Numbers Show

While revenue grew by 20.2%, total expenses rose by a nearly identical margin of 19.9%. This synchronization suggests that cost structures, particularly material costs which jumped to ₹17.27 crore from ₹12.82 crore, moved in lockstep with top-line expansion. The primary driver for the improved bottom line was not operating leverage but rather a reduction in non-operating expenses, specifically finance costs, which dropped significantly alongside stable employee benefit expenses.

Corporate Governance Update

In other developments, the Board of Directors re-appointed Mr. Bhavin Suryakant Sheth as an Independent Director for a second term of five years, effective June 30, 2026. His appointment is subject to approval by members at the forthcoming Annual General Meeting. Mr. Sheth brings over 30 years of expertise in corporate governance and business development.

The unaudited standalone financial results were reviewed by M/s. R G B & Associates, the statutory auditors, and approved by the Board on August 14, 2026.

Polson Ltd has secured shareholder approval to re-appoint Mr. Dhau Gangaram Lambore as a Non-Executive Director following a remote e-voting process. The resolution, which pertains to the re-appointment of a director who has attained the age of 75 years, was passed with the requisite majority required under the Companies Act, 2013. This decision ensures the continuity of leadership at the manufacturer and exporter of eco-friendly tannin extracts and leather chemicals.

The postal ballot voting commenced on Wednesday, June 17, 2026, and concluded on Thursday, July 16, 2026. A total of 78,784 votes were polled, representing 65.65% of the company's outstanding shares. The resolution was classified as special business, requiring a higher threshold of approval, which was comfortably met as 99.99% of the votes cast were in favour.

The detailed voting results reveal a strong endorsement from the promoter group, which cast 78,759 votes, all in favour. Public non-institutional shareholders participated with 25 votes, of which 18 were in favour and 7 were against. Public institutions did not participate in the voting process. The scrutinizer's report confirmed that there were no invalid votes recorded during the process.

Voting Breakdown

Purva Sharegistry (I) Private Limited acted as the Registrar and Share Transfer Agent for the e-voting process. Amita Karia, a Practicing Company Secretary, served as the scrutinizer to oversee the fairness and accuracy of the voting. The record date for determining shareholder eligibility was June 12, 2026. The results have been published on the company's website and the platform of the registrar.