Premier Polyfilm Limited shareholders approved a final dividend of ₹0.15 per equity share for the financial year 2025-2026 during the company's 34th Annual General Meeting (AGM) held on September 24, 2026.

The meeting, conducted via Video Conferencing and Other Audio-Visual Means, saw the passage of all seven agenda items with requisite majority. The board also approved the appointment of M/s A D V And Co LLP as statutory auditors and re-appointed Shri Mayank Goenka as a director retiring by rotation.

Dividend payment schedule

The declared dividend represents a payout of 15% on the face value of ₹1 per equity share. According to the company’s regulatory filing, the amount will be paid or disbursed to eligible shareholders on or before October 23, 2026. This timeline aligns with the provisions of the Companies Act, 2013 and SEBI Listing Regulations.

Voting outcomes and resolutions

The AGM addressed both ordinary and special business, including the adoption of audited standalone financial statements and various directorial appointments. Notably, two special resolutions concerning executive director remuneration and re-appointment were passed, despite promoter group abstention from voting on specific interested-party matters.

Director appointments and perquisites

The shareholders approved the re-appointment of Shri Ram Babu Verma as an Executive Director for a period of 12 months, effective December 27, 2026. Verma, aged 63, holds over 37 years of executive experience and has no familial relationship with other directors.

Additionally, the AGM approved changes to the perquisites and other amenities payable to Shri Mayank Goenka, Whole Time Director, effective May 9, 2026. The revised terms include House Rent Allowance at 40% of basic salary per month, free chauffeur-driven conveyance for official purposes, and reimbursement of medical expenses for self, family, and parents. Goenka, aged 28, is the son of Managing Director and CEO Shri Amitabh Goenka.

Governance and attendance details

A total of 81 public shareholders attended the virtual meeting, representing a significant portion of the non-institutional voting base. The scrutinizer, Ms. Mayuri Sinha, confirmed that no invalid votes were recorded across any resolution category. The record date for voting rights was set at September 17, 2026, with e-voting facilities active from September 21 to September 23, 2026.

What the numbers show

A distinct pattern emerges in the voting data regarding related-party transactions. For Resolution 3 (re-appointment of Shri Mayank Goenka) and Resolution 6 (perquisites for Shri Mayank Goenka), the promoter and promoter group voted zero shares, citing interest in the matter. Consequently, these resolutions relied entirely on public shareholder support, which remained robust at approximately 98.74% in favour. In contrast, on neutral items like the dividend declaration and auditor appointment, promoters cast nearly 73% of their total holding (28.19 million out of 74.37 million shares), indicating high engagement on non-conflict issues.

Premier Polyfilm will hold its 34th Annual General Meeting on September 24, 2026, to approve a 15% dividend and key management appointments. The meeting will be conducted via video conferencing.

The Board recommends a final dividend of ₹0.15 per equity share for FY26. Shareholders on record as of September 17, 2026, will be eligible for the payout. The company also seeks approval for the re-appointment of Ram Babu Verma as Executive Director for a one-year term starting December 27, 2026.

Financial Performance

The financial data disclosed in the explanatory statement shows growth in profitability for the fiscal year ended March 31, 2026.

What the Numbers Show

Total revenue grew to ₹34,126 lakh in FY26 from ₹30,464 lakh in FY25. This expansion was supported by a rise in operating revenue to ₹33,890 lakh from ₹30,139 lakh. Profit after tax increased to ₹3,091 lakh, up from ₹2,501 lakh in the prior year, indicating improved bottom-line performance alongside top-line growth.

Management Changes

Shareholders will vote on the re-appointment of Ram Babu Verma as Executive Director. His tenure will run from December 27, 2026, to December 26, 2027. The resolution also seeks approval for revised perquisites for Executive Director Mayank Goenka, effective May 9, 2026. These changes include updated house rent allowance, conveyance facilities, and medical reimbursement limits.

Mayank Goenka retires by rotation and offers himself for re-appointment as a Director.

Auditor Appointments

The meeting will appoint M/s A D V And Co LLP as Statutory Auditors for the term ending at the 35th AGM in 2027. The proposed remuneration is ₹1,25,000 plus GST. The firm replaces M/s M A R S & Associates, which ceased to exist following a merger.

Additionally, members will ratify the remuneration of ₹55,000 plus GST for M/s Cheena & Associates, appointed as Cost Auditors for FY27.