Polymac Thermoformers appoints Puspjeet Kumar as Non Executive Director

Polymac Thermoformers Limited has appointed Mr. Puspjeet Kumar as a Non Executive Director effective May 29, 2026. The decision was taken during a board meeting held at the company's registered office in Kolkata. This appointment strengthens the company's governance structure with the addition of a specialized financial expert.

The board meeting commenced at 11:30 A.M. and concluded at 11:50 A.M. on May 29, 2026. The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to the stock exchanges to comply with regulatory requirements.

Mr. Puspjeet Kumar holds a Director Identification Number (DIN) 00548463. He is a qualified Chartered Accountant and brings significant expertise to the board. His professional background includes wide experience in Corporate Tax, Transfer Pricing, Business Restructuring, Expatriate Taxation, and Company Law.

The details of the appointment were provided in Annexure A to the regulatory filing. The document specified that there are no specific relationships between directors that require disclosure under the current regulations. The appointment is effective immediately from the date of the board meeting.

Appointment Details

Sr. No.	Disclosure Requirements	Information of such event(s)
1	Reason for Change	Mr. Puspjeet Kumar (DIN: 00548463) has appointed as Non Executive Director of the Company w.e.f 29 May, 2026
2	Date of Appointment & term	29 May, 2026
3	Brief Profile	Mr. Puspjeet Kumar (DIN: 00548463) is a Chartered Accountant and has wide experience in Corporate Tax, Transfer Pricing, Business Restructuring, Expatriate Taxation, Company Law etc.
4	Disclosure of relationships	NA

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	-5.66%	+5.23%	+5.23%	+65.42%

Polymac Thermoformers has announced its audited financial results for the year ended March 31, 2026. The company reported a net profit of ₹1.15 lakh for the fiscal year, compared to ₹4.43 lakh in the previous year. For the half year ended March 31, 2026, the company reported a net loss of ₹32.86 lakh.

Revenue from operations for the full year increased significantly to ₹1,313.63 lakh from ₹857.28 lakh in the prior year, marking a 53% rise. Total revenue for the year stood at ₹1,344.98 lakh. The board approved the audited financial results during its meeting held on May 20, 2026. M/s. Pankaj Verma & Associates, Chartered Accountants, issued an unmodified opinion on the standalone financial results.

Financial Performance

The company's expenses for the year totaled ₹1,339.33 lakh, up from ₹912.88 lakh in FY25. Key expense components included the cost of materials consumed at ₹886.57 lakh and other expenses at ₹258.89 lakh. Profit from ordinary activities before tax for the year was ₹5.66 lakh. Earnings per share (EPS) for the year ended March 31, 2026, was recorded at ₹0.02, compared to ₹0.09 in the previous year.

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from Operations	1,313.63	857.28
Total Revenue	1,344.98	919.94
Total Expenses	1,339.33	912.88
Net Profit	1.15	4.43
EPS (Basic)	0.02	0.09

Balance Sheet and Cash Flow

As of March 31, 2026, the company's total assets stood at ₹1,923.40 lakh, an increase from ₹1,853.08 lakh in the previous year. Shareholders' funds improved to ₹1,068.95 lakh from ₹1,061.90 lakh. The balance sheet reflects a reduction in long-term borrowings to ₹78.40 lakh from ₹166.91 lakh, while short-term borrowings were recorded at ₹379.50 lakh.

The cash flow statement for the year indicates a net increase in cash and cash equivalents. The closing balance of cash and cash equivalents was ₹51.85 lakh, compared to ₹4.15 lakh at the end of the previous year. Cash flow from operating activities was negative at ₹(190.65) lakh, while financing activities resulted in a positive cash flow of ₹270.89 lakh.