Polyplex Corporation Limited has approved the recommendation of a final dividend for the financial year 2025-26. The Board of Directors, in a meeting held on May 23, 2026, sanctioned a dividend of Re 1 per share. This payout is applicable on shares with a face value of Rs. 10 each.

The dividend distribution is subject to Tax Deducted at Source (TDS) or withholding tax. Payment will be executed after the dividend is formally declared during the company's ensuing Annual General Meeting (AGM). The exact timeline for the payment will adhere to the prescribed regulatory framework.

Dividend Details

The following table outlines the key specifics of the dividend declaration:

The company has not yet announced the specific dates for the AGM or the book closure period. Polyplex Corporation stated that these details would be communicated to the shareholders and the stock exchanges in due course.

The Board meeting, where this decision was taken, commenced at 16:10 hours IST and concluded at 18:15 hours IST on May 23, 2026. The information regarding the dividend has been uploaded to the company's official website.

Polyplex Corporation Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the standalone and consolidated financial statements at its meeting held on May 23, 2026. The auditors have issued an unmodified opinion on the results.

Standalone Financial Performance

For the financial year ended March 31, 2026, the company reported a net profit of Rs 5,921 lakh, compared to Rs 7,709 lakh in the previous year. Revenue from operations for the year stood at Rs 149,720 lakh, a decrease from Rs 156,277 lakh in FY25. For the quarter ended March 31, 2026, the net profit was Rs 2,869 lakh, with revenue from operations at Rs 40,149 lakh.

Consolidated Financial Performance

On a consolidated basis, the company reported a net profit of Rs 4,093 lakh for FY26, significantly lower than Rs 35,772 lakh in the previous year. Total income for the year was Rs 7,17,343 lakh, down from Rs 6,98,056 lakh in the prior year. For the quarter ended March 31, 2026, the consolidated net profit was Rs 3,763 lakh.

The financial results include the impact of foreign currency fluctuations and mark-to-market losses on derivative instruments. The company noted that other expenses for the quarter included a mark-to-market loss on derivative financial instruments measured at FVTPL of Rs 1,704 lakh.

Key Developments

During the year, Polyplex (Thailand) Public Company Limited, a subsidiary, received a notice of arbitration from a minority shareholder regarding the purchase of shares. The management believes there is no obligation under the Shareholding Agreement and is contesting the claims. Additionally, the board approved the dissolution of subsidiary PAR LLC, which was completed on March 27, 2026.

The company's total equity as per the audited standalone balance sheet stood at Rs 75,381 lakh as of March 31, 2026, compared to Rs 71,336 lakh in the previous year.