Polyspin Exports Limited has convened its 41st Annual General Meeting (AGM) on Friday, August 21, 2026, at 11:00 A.M. through Video Conferencing (VC) / Other Audio Visual Means (OAVM), along with the release of its Annual Report for the financial year 2025-26. The AGM notice was filed with BSE Limited on July 28, 2026, and remote e-voting has been facilitated through National Securities Depository Limited (NSDL), with the voting period running from August 18, 2026 at 9:00 A.M. to August 20, 2026 at 5:00 P.M. The record date for voting entitlement is Friday, August 14, 2026.

Financial Performance: Standalone Results

The company reported improved standalone financial results for the year ended March 31, 2026. Total income rose marginally to Rs. 22,963.28 Lakhs from Rs. 22,895.15 Lakhs in the prior year. Standalone net profit after tax from continuing operations increased to Rs. 390.04 Lakhs from Rs. 378.45 Lakhs, while Total Comprehensive Income stood at Rs. 384.62 Lakhs.

The following table summarises the standalone financial results:

Basic and Diluted Earnings Per Share (face value Rs. 5/- per equity share) from continuing operations stood at Rs. 3.90 for the year ended March 31, 2026, compared to Rs. 2.67 in the prior year.

Consolidated Financial Performance

On a consolidated basis, which includes the results of associate company M/s. Lankaspin Private Limited, Sri Lanka (38.48% holding), the company reported net profit after tax of Rs. 555.62 Lakhs for the year ended March 31, 2026, compared to Rs. 410.22 Lakhs in the previous year. Consolidated Total Comprehensive Income for the year was Rs. 550.20 Lakhs as against Rs. 463.41 Lakhs previously. Consolidated Basic and Diluted Earnings Per Share stood at Rs. 5.56 versus Rs. 4.10 in the prior year.

Key Financial Ratios

The following key financial ratios were reported for the financial year 2025-26 in accordance with Schedule V (B) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

The company noted significant changes (25% or more) in Net Profit Margin and Return on Net Worth, attributing these to improvement in net profit after tax.

Balance Sheet Highlights

The company's net worth increased to Rs. 5,942.46 Lakhs as on March 31, 2026, from Rs. 5,456.60 Lakhs in the previous year. Other equity rose to Rs. 5,442.46 Lakhs from Rs. 4,956.60 Lakhs. Gross Block of Fixed Assets increased to Rs. 8,657.04 Lakhs from Rs. 8,413.91 Lakhs. Long-term borrowings stood at Rs. 2,846.96 Lakhs as on March 31, 2026, compared to Rs. 1,917.11 Lakhs in the previous year. The book value of shares as on March 31, 2026 was Rs. 59.43 per share. Promoter holding stood at 46.83% as on March 31, 2026.

The authorized share capital is Rs. 5,00,00,000 consisting of 1,00,00,000 equity shares of Rs. 5 each, and paid-up share capital remained unchanged at Rs. 5 Crores (Previous Year: Rs. 5 Crores). As on March 31, 2026, 91.73% of the shares were held in dematerialized form.

Board Changes and AGM Agenda

The company witnessed a significant leadership transition during the year. Shri R. Ramji (DIN: 00109393), Managing Director and CEO, passed away on May 3, 2026. The Board of Directors, at its meeting held on May 29, 2026, appointed Smt. Durga Ramji (DIN: 00109397) as Managing Director for a period of 3 years with effect from May 29, 2026, and Smt. Shwetha Ramji (DIN: 07702567) as Additional Director from the same date, both subject to shareholder approval at the AGM.

The key agenda items for the 41st AGM include:

• Item 1: Adoption of Standalone and Consolidated Financial Statements for the year ended March 31, 2026
• Item 2: Re-appointment of Shri S.R. Subramanian (DIN: 00122141) as Director, who retires by rotation
• Item 3: Regularization of Smt. Shwetha Ramji (DIN: 07702567) as Director (Ordinary Resolution)
• Item 4: Appointment of Smt. Durga Ramji (DIN: 00109397) as Managing Director for 3 years from May 29, 2026, at a remuneration of 5% of net profits, or Rs. 204 Lakhs per annum in case of no/inadequate profits (Special Resolution)

Smt. Durga Ramji, aged 54 years, holds a Bachelor's Degree in Science and has over three decades of experience in the woven sack industry. She has been serving as Non-Executive Director on the Board since June 1, 2014. Smt. Shwetha Ramji, aged 31 years, is an affiliate of the Association of Chartered Certified Accountants (ACCA) and a graduate of the University of Bath's Operations and Supply Chain Programme, and served as Vice President – Operations from April 1, 2023 to May 28, 2026.

Operational and Other Highlights

During the year, the company installed 6 Nova 62 Circular Looms at a cost of Rs. 1.22 Crore, replacing 6 old looms to increase production capacity. The company's 1.304 MW (1304 kWp) Roof Top Solar Power Plant generated 17,00,056 units during the year, all used for captive consumption.

On the CSR front, the amount required to be spent for financial year 2025-2026 was Rs. 4,33,814/-, and the company incurred CSR expenditure of Rs. 6,13,500/-, resulting in an excess spend of Rs. 1,79,686/- available for set-off in forthcoming financial years. The company transferred unclaimed dividend of Rs. 2,66,196/- for financial year 2017-2018 to the Investor Education and Protection Fund (IEPF) on August 22, 2025, and also transferred 25,500 equity shares to IEPF on September 12, 2025. No dividend has been recommended for the financial year 2025-26. The credit rating agency CARE revised the long-term bank facilities rating to CARE BB+; Stable (outlook revised from Negative) — Reaffirmed for 13.50 Crores, and reaffirmed short-term bank facilities at CARE A4+ for Rs. 99 Crores.

Foreign exchange earnings for the year stood at Rs. 21,035.08 Lakhs (Previous Year: Rs. 22,038.15 Lakhs), while foreign exchange outgo was Rs. 9,385.09 Lakhs (Previous Year: Rs. 8,971.12 Lakhs). The company had 2,080 permanent employees on its rolls as on March 31, 2026.

Durga Ramji, a promoter of Polyspin Exports Ltd , acquired 4,99,579 equity shares through transmission following the demise of her husband, R. Ramji. The transaction, executed on June 18, 2026, falls under the exemption provided by Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Consequently, the aggregate shareholding of the entire promoter and promoter group remains unchanged at 46,82,926 equity shares, representing 46.83% of the total share capital.

The disclosure was submitted to BSE Limited on June 23, 2026, in compliance with Regulation 10(6) of the SEBI (SAST) Regulations. The transmission of shares involved equity shares with a face value of ₹5 per share. As the transfer occurred amongst promoters, it did not trigger an open offer obligation.

Shareholding Details

The transmission resulted in a reallocation of shares within the promoter group. R. Ramji's holdings were extinguished, while Durga Ramji's stake increased proportionally.

The total diluted share capital of Polyspin Exports Ltd remains unaffected by this internal transfer. The filing confirms that the promoter group's collective control and stake in the company have not altered due to this transaction.