Premier Polyfilm Limited has announced its audited financial results for the financial year ended March 31, 2026, following a board meeting held on May 9, 2026. The company reported strong growth both on an annual and quarterly basis, with total income rising to ₹34,126 lakh for the full year from ₹30,464 lakh in the previous year, while net profit for the period stood at ₹3,188 lakh compared to ₹2,600 lakh in the prior year.

Q4 Financial Highlights

Premier Polyfilm delivered a strong quarterly performance, with EBITDA rising sharply on a year-on-year basis. The company's Q4 EBITDA margin also expanded significantly, reflecting improved operational efficiency. The following table summarises the key Q4 metrics:

Financial Performance Overview

The board approved the standalone audited financial results, which show robust growth across key operational metrics for the full year. Revenue from operations reached ₹33,890 lakh, up from ₹30,139 lakh in the previous year. The company's earnings per share (EPS) improved to ₹3.04 from ₹2.48 in the corresponding period last year. The table below provides a full-year comparison of key financial parameters:

Dividend and Board Decisions

At the board meeting held on May 9, 2026, which commenced at 12:30 hrs and concluded at 16:00 hrs, the board recommended a dividend of ₹0.15 (Paisa Fifteen only) per equity share of ₹1/- each, representing 15%, for the financial year 2025-2026. The dividend is subject to approval by shareholders at the ensuing Annual General Meeting and shall be paid to eligible shareholders in accordance with the provisions of the Companies Act, 2013. Additionally, the board approved the re-appointment of Shri Ram Babu Verma as Executive Director for a period of 12 months and approved the revision of perquisites for Shri Mayank Goenka, Executive Director.

Auditor Appointments

In compliance with regulatory requirements, the board appointed M/s Cheena & Associates as Cost Auditor and M/s D D Bansal Associates as Internal Auditor for the financial year 2026-2027. The board also re-appointed M/s A D V AND CO LLP as the Statutory Auditor for the upcoming financial year. The statutory auditors issued an unmodified opinion on the financial results.

Regulatory Disclosures

The company noted that the implementation of new labour codes had no material financial impact. The auditors highlighted an ongoing dispute with GST authorities regarding tax classification, where a revised demand of ₹98.58 Lakhs has been confirmed as a contingent liability. Premier Polyfilm intends to file a further appeal before the Goods and Services Tax Appellate Tribunal.

Premier Polyfilm Limited has announced the successful completion of its postal ballot process for appointing new statutory auditors. The shareholders have overwhelmingly approved the resolution with requisite majority, demonstrating strong corporate governance practices.

Postal Ballot Results Overview

The postal ballot was conducted through remote e-voting to seek shareholders' approval for the appointment of M/s A D V AND CO LLP, Chartered Accountants, as statutory auditors. This appointment was necessary to fill the casual vacancy caused by the merger of the existing statutory auditor M/s M A R S & Associates into M/s A D V AND CO LLP with effect from February 11, 2026.

Voting Results and Participation

The resolution received exceptional support from shareholders across all categories. The detailed voting breakdown shows strong confidence in the proposed auditor appointment with 99.76% votes in favour.

New Auditor Profile and Appointment Details

M/s A D V AND CO LLP brings extensive experience in audit and advisory services to Premier Polyfilm Limited. The firm specializes in statutory audits, tax audits, internal audits, and business advisory services across diversified sectors.

The appointment follows the merger of M/s M A R S & Associates into M/s A D V AND CO LLP with effect from February 11, 2026. This transition ensures continuity in audit services while leveraging the expanded capabilities of the merged entity.

Regulatory Compliance and Process

The postal ballot process was conducted in strict compliance with regulatory requirements under the Companies Act, 2013 and SEBI Listing Regulations. The company engaged Central Depository Services (India) Limited (CDSL) to facilitate remote e-voting, ensuring transparent and secure voting process.

Shri Sumit Bajaj, Practicing Company Secretary, served as the scrutinizer and submitted his report on May 01, 2026, confirming the validity of the voting process. The resolution was passed as an ordinary resolution with the required majority, and no invalid votes were recorded across any shareholder category. The voting results and scrutinizer's report are available on the company's website at www.premierpoly.com for stakeholder reference.