Polyspin Exports Limited promoter Durga Ramji acquired 14,17,017 equity shares through transmission on June 2, 2026, following the demise of her husband, R. Ramji. The transaction was executed under Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which provides an exemption for inter-promoter transfers. Consequently, the aggregate shareholding of the entire promoter and promoter group remains unchanged at 46,82,926 equity shares, or 46.83% of the total share capital.

The disclosure regarding the acquisition was submitted to BSE Limited on June 5, 2026. The transmission of shares occurred as a result of the death of Shri R. Ramji, and the transfer is classified amongst the promoters. The shares have a face value of ₹5 per share.

Shareholding Details

The transmission altered the individual holdings of the promoter family members while maintaining the group's total stake. The following table outlines the pre- and post-transaction shareholding details:

*Shri R. Ramji was holding shares in two demat accounts. The transmission of shares pertaining to one of the demat accounts has been completed.

The filing confirms that the disclosures required under Regulation 10(5) of the SEBI (SAST) Regulations were not applicable to this specific transaction, as indicated by the acquirer. The company secretary and compliance officer of Polyspin Exports Limited was copied on the communication to the stock exchange.

Polyspin Exports Limited reported a consolidated net profit of ₹555.62 lakh for the financial year ended March 31, 2026, an increase from ₹410.22 lakh in the previous year. The company's revenue from operations for FY26 was ₹22,952.08 lakh, compared to ₹22,883.86 lakh in FY25. The results reflect the continuing operations of its FIBC division, following the discontinuation of the Textile Division in the prior year.

The Board of Directors, in its meeting held on May 29, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The meeting also approved the convening of the 41st Annual General Meeting (AGM) on August 21, 2026, via video conferencing. The Board recommended the re-appointment of Shri S.R. Subramanian, Director, who retires by rotation.

Financial Performance

The standalone net profit for the year was ₹390.04 lakh, up from ₹378.45 lakh in the previous year. Total income from operations for the year was ₹22,963.28 lakh. For the quarter ended March 31, 2026, the standalone net profit was ₹50.35 lakh, with revenue from operations at ₹5,706.55 lakh.

The company's reserves stood at ₹5,442.46 lakh as of March 31, 2026, compared to ₹4,956.62 lakh in the previous year. The earnings per share (EPS) for the year from continuing operations was ₹3.90 on a standalone basis and ₹5.56 on a consolidated basis.

Board Appointments and Auditor Report

The Board recommended the appointment of Smt. Durga Ramji, Non-Executive Director, as Managing Director of the company for a period of three years effective May 29, 2026, subject to shareholder approval. Additionally, the Board recommended the appointment of Smt. Shwetha Ramji as an Additional Director, subject to shareholder approval.

M/s. Krishnan and Raman, Chartered Accountants, audited the standalone and consolidated financial results. The auditor's report stated that the results give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards. The audit trail feature in the accounting software was operated throughout the year without any instances of tampering.