Polyplex Corporation has approved a final sale consideration of ₹7,348.83 lakh for the acquisition of a 51% stake in PDPL. This figure reflects post-closing adjustments agreed upon by the parties, superseding the initial investment estimate of approximately ₹6,209.75 lakh disclosed earlier this year.

The board’s decision, taken during a meeting held on October 1, 2026, formalizes the financial terms of the transaction initially intimated on April 30, 2026. The adjustment results in an additional payment obligation of ₹1,139.08 lakh to the continuing sellers.

Transaction details and adjustments

The company clarified that the final valuation was determined based on mutually agreed post-closing adjustments as per the provisions of the Share Purchase Agreement. The revised total consideration accounts for these adjustments, ensuring the final payout aligns with the agreed contractual terms.

Regulatory compliance

This disclosure is made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that a copy of the disclosure has been posted on its official website for public record. The board meeting commenced at 5:15 pm and concluded at 6:25 pm IST.

Polyplex Corporation shareholders approved all four ordinary resolutions at its 41st Annual General Meeting held on September 8, 2026. The meeting, conducted via video conferencing, saw strong support for the declaration of a final dividend and the reappointment of a retiring director.

The company declared a final dividend of ₹1 per equity share for FY26. This resolution received overwhelming support, with 99.9991% of votes cast in favor. Only 163 shares voted against the proposal out of approximately 1.79 crore votes polled.

Director Reappointment

Shareholders also approved the reappointment of Mr. Iyad Malas as a director liable to retire by rotation. While the resolution passed with 99.5822% support, it faced slightly more dissent than other agenda items. Public institutional investors cast 74,556 votes against the reappointment, representing 0.78% of their polled votes. Promoter group shareholders voted unanimously in favor.

Voting Participation

Total voting participation stood at 56.98% of outstanding shares. Remote e-voting was the primary mode of participation, with 135 shareholders casting votes electronically between September 5 and September 7, 2026. An additional 42 shareholders attended the virtual meeting via video conferencing.

What the Numbers Show

The voting data reveals a clear divergence in shareholder sentiment regarding management continuity versus routine financial approvals. While the dividend declaration and financial statement adoption saw near-unanimous support (above 99.99%), the reappointment of Mr. Malas encountered measurable dissent from institutional investors. This suggests that while operational and financial outcomes are broadly accepted, specific governance decisions may face closer scrutiny from certain investor segments.

The company also approved the remuneration payable to M/s Sanjay Gupta & Associates, Cost Accountants, for FY27. This resolution passed with 99.9991% support. No invalid votes were recorded for any resolution.