Polylink Polymers (India) Limited has scheduled its 33rd Annual General Meeting (AGM) for September 28, 2026. The meeting will be conducted exclusively through video conferencing or other audio-visual means (VC/OAVM). The company recently dispatched letters containing web-links to its Annual Report for FY26 and the AGM notice to shareholders who have not registered email addresses.

The intimation was issued on August 19, 2026, in compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A separate disclosure under Regulation 30 and 47 was filed with BSE Limited on August 21, 2026, confirming the publication of newspaper advertisements in Chanakya Ni Pothi and The Newsline. These advertisements detailed the notice, closure of the Register of Members, and e-voting information.

E-Voting and AGM Schedule

Members can exercise voting rights during the remote e-voting period between September 24 and September 27. Alternatively, shareholders may vote during the AGM itself on September 28. National Securities Depository Limited (NSDL) facilitates electronic voting. Members acquiring shares after the notice dispatch date of August 20, 2026, can generate login credentials if their PAN is updated with their depository participant.

Ordinary Business

Shareholders will consider the adoption of the Audited Financial Statements for FY26. This includes the Audited Balance Sheet, Statement of Profit & Loss, and Cash Flow Statement, along with reports from the Board of Directors and Statutory Auditors.

Mrs. Pragya Bhartia Barwale (DIN: 02109262) retires by rotation at this AGM and offers herself for reappointment. She holds an M.Sc. from Oxford University, USA, and serves as a Director in companies including India Glycols Limited and Kashipur Holdings Limited. Mr. Uma Shankar Bhartia, Chairman of Polylink Polymers, is her father.

Special Business: Appointment of Secretarial Auditor

A key special resolution seeks approval for the appointment of M/s. Ankit Vageriya & Associates, proprietor Mr. Ankit Vageriya, as the Secretarial Auditor for five consecutive financial years from FY27 to FY31. This follows the resignation of M/s. A G Shah & Associates, effective August 10, 2026, due to pre-occupation with other professional commitments.

The proposed remuneration for M/s. Ankit Vageriya & Associates for FY27 is ₹60,000, exclusive of applicable GST and actual out-of-pocket expenses. For subsequent years, the Board of Directors will decide remuneration based on Audit Committee recommendations. None of the Directors or Key Managerial Personnel are interested in this resolution.

Shareholder Instructions and KYC Reminder

The Register of Members and Share Transfer Books will remain closed from September 22, 2026, to September 28, 2026, to determine shareholder eligibility. Physical mode shareholders may register their email by writing to the Registrar and Share Transfer Agent, MCS Share Transfer Agent Limited, or by emailing helpdeskdelhi@mcsregistrars.com . Demat holders must provide their DPID-CLID, name, client master copy, and self-attested PAN and Aadhar cards to polylink@polylinkpolymers.com or helpdeskdelhi@mcsregistrars.com .

The company reminded physical security holders to update their KYC details pursuant to SEBI Master Circular HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 issued on February 6, 2026. Holders must furnish PAN, address with PIN code, mobile number, bank account details, and specimen signature. Payments for folios lacking these details will only be made electronically from April 1, 2024.

Members seeking information regarding accounts or matters to be placed at the AGM are requested to write to the company on or before September 20, 2026. Those wishing to express views or ask questions during the AGM must register as speakers by sending a request from their registered email address to companysecretary@polylinkpolymers.com on or before September 21, 2026.

Polylink Polymers (India) Limited reported a significant decline in profitability for the financial year ended March 31, 2026. polylink polymers posted a net profit after tax of ₹122.3 lakh, a drop of 42.6% from the ₹213.2 lakh recorded in FY25. This contraction in the bottom line was accompanied by a 7.0% decline in total revenue, which fell to ₹8,510.4 lakh from ₹9,151.0 lakh in the prior year.

The manufacturing firm faced headwinds across its primary income streams. Revenue from operations, the core driver of its business, decreased to ₹8,459.6 lakh from ₹9,123.3 lakh. Despite the lower top line, other income rose modestly to ₹50.8 lakh from ₹27.7 lakh, providing a slight offset but insufficient to counteract the operational slowdown.

Financial Performance

The company's cost structure saw mixed movements during the period. While inventory costs decreased to ₹6,432.5 lakh from ₹6,933.9 lakh, employee benefit expenses increased by roughly 10% to ₹463.6 lakh. Finance charges also rose significantly to ₹56.0 lakh from ₹36.6 lakh, reflecting higher borrowing costs or increased debt levels. Depreciation provisions nearly doubled to ₹144.7 lakh from ₹101.3 lakh, indicating continued capital expenditure or asset additions.

What the Numbers Show

A notable divergence exists between the company's tax burden and its pre-tax earnings. While profit before tax fell sharply by over 56%, the total tax expense dropped precipitously to just ₹7.5 lakh from ₹84.2 lakh in FY25. This indicates a substantial reduction in the effective tax rate, likely due to deferred tax credits or adjustments pertaining to earlier years, which helped cushion the final net profit decline despite the severe compression in operating margins.

Corporate Actions and Governance

In light of the reduced profitability, the Board of Directors resolved to retain all profits for the financial year to support long-term growth objectives and preserve resources for future business expansion. Consequently, the company declared no dividend for FY26. Retained earnings, however, grew by 6.5% to ₹2,006.6 lakh, reflecting the accumulation of past profits.

The company also announced changes in its compliance team. Mr. Dilipkumar Nikhare resigned as Company Secretary and Compliance Officer effective June 25, 2025. Ms. Priyal Dangi was subsequently appointed to the role with effect from August 8, 2025. Additionally, the Board recommended the appointment of M/s. Ankit Vageriya & Associates as the new Secretarial Auditor for a five-year term commencing from FY27, following the resignation of the previous auditor.

Polylink Polymers continues to operate as a subsidiary of KHL Finance Limited, which holds a 60.5% stake in the company. The Board emphasized its focus on expanding market presence, strengthening manufacturing capabilities, and improving cost efficiency to navigate the dynamic business environment.