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.

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.

Polymac thermoformers Limited has formally announced the resignation of Director Mr. Jitendra Kumar Modi, effective 07th April 2026. The resignation was recorded during a Board Meeting held on the same date, demonstrating the company's commitment to timely regulatory compliance and transparent corporate governance.

Board Meeting and Resignation Details

The Board Meeting that recorded Mr. Modi's resignation was conducted on 07th April 2026, commencing at 05:00 P.M. and concluding at 05:45 P.M. The resignation becomes effective immediately from the date of the meeting.

Reason for Resignation

According to the resignation letter submitted by Mr. Jitendra Kumar Modi, the decision to step down from his directorship was made due to personal and unavoidable circumstances. The director has provided confirmation that there are no other material reasons beyond those mentioned in his resignation letter, as required under SEBI regulations.

Regulatory Compliance

The announcement has been made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company has provided comprehensive disclosures as required under the regulations, including:

• Detailed reasons for resignation as provided by the director
• Confirmation that no other material reasons exist beyond those stated
• Complete documentation including the resignation letter
• Compliance with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 09th September 2015

Additional Disclosures

As part of the regulatory requirements, the company has disclosed that Mr. Jitendra Kumar Modi does not hold directorships in any other listed entities. The resignation letter and all supporting documentation have been properly submitted to ensure full compliance with listing regulations.

The resignation has been processed with immediate effect, and the company has fulfilled all necessary disclosure obligations under the applicable SEBI regulations. Company Secretary and Compliance Officer Ms. Anjali Gupta has signed the regulatory filings, ensuring proper documentation and submission to the stock exchange.