Polycon International has scheduled its 35th Annual General Meeting (AGM) for Wednesday, September 30, 2026, to adopt the financial statements for the year ended March 31, 2026. The meeting will be held at 1:00 pm at O-22, Parmanand Hall, Ashok Watika Samiti, Ashok Marg, C-Scheme, Jaipur.

Financial Performance

The company reported a net loss of ₹287.61 lakh for FY26, compared to a net profit of ₹14.25 lakh in FY25. Total income declined by 19% to ₹1,786.89 lakh from ₹2,212.58 lakh in the previous year. Revenue from operations stood at ₹1,763.02 lakh, down from ₹2,206.15 lakh. Gross profit before interest and depreciation fell sharply to ₹45.01 lakh from ₹374.74 lakh.

What the Numbers Show

The sharp decline in profitability was driven primarily by a contraction in gross margins rather than operational expenses. While finance costs remained relatively stable at ₹210.46 lakh, gross profit before interest and depreciation collapsed to ₹45.01 lakh from ₹374.74 lakh. This indicates significant pressure on core manufacturing margins or sales mix, as operating costs did not decrease proportionately with the revenue decline.

Agenda Items

The primary business for the AGM involves the adoption of the Audited Financial Statements for the year ended March 31, 2026, along with the reports of the Board and Auditors. Additionally, shareholders will vote on the re-appointment of Mr. Prashant Singh Vohra as a Director liable to retire by rotation.

Director Re-appointment Details

Mr. Vohra, a Non-Executive and Non-Independent Director, offers himself for re-appointment. He holds a B.Com degree and possesses over 15 years of expertise in the manufacturing and trading of garments. He was first appointed to the board on June 30, 2021.

Mr. Vohra does not hold directorships in other companies as of March 31, 2026, nor does he have relationships with other directors or key managerial personnel of the company.

Voting and Logistics

The company will facilitate remote e-voting through Central Depository Services (India) Limited (CDSL). The e-voting period commences on Sunday, September 27, 2026, at 9:00 am and concludes on Tuesday, September 29, 2026, at 5:00 pm. The record date for voting rights is Wednesday, September 23, 2026.

Members holding shares as on the cut-off date may cast their votes electronically. Those who vote remotely are not entitled to vote again at the physical meeting. The Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026.

Mr. Brij Kishore Sharma, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the voting process. The results will be declared promptly after the conclusion of the meeting and placed on the company's website.

Polycon International has announced the book closure period for its 35th Annual General Meeting (AGM). The company’s Board of Directors approved the closure of the Register of Members and Share Transfer Books from September 24, 2026, to September 30, 2026.

The AGM is scheduled to take place on Friday, September 30, 2026. The meeting will be held at O-22, Parmanand Hall, Ashok Watika Samiti, Ashok Marg, C-Scheme, Jaipur.

Book Closure Details

The company issued a communication to the Bombay Stock Exchange under Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015. The details of the security and closure period are as follows:

Shareholders holding equity shares as of the end of the book closure period will be eligible to attend and vote at the meeting. The notice for the AGM will be sent separately in due course.