Premium Plast has acquired an under-construction plant on a leasehold plot in Bhopal to expand its business operations. The company purchased the facility from Sky Heights Warehousing for a total consideration of ₹99,00,000, excluding applicable stamp duty and registration charges. The transaction, executed through a duly registered Sale Deed, involves a plot admeasuring 3,107.81 sq. ft. located at Bagroda Industrial Area, Village Bagroda, Tehsil Huzur, District Bhopal, Madhya Pradesh. This acquisition aims to scale the company's operational capacity in central India.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Premium Plast confirmed that the transaction does not constitute a Related Party Transaction. The seller, Sky Heights Warehousing, is not related to the Promoters, Promoter Group, or Key Managerial Personnel of the company. The details were submitted to the National Stock Exchange of India Limited on July 28, 2026.

Transaction Details

The key parameters of the acquisition are outlined below:

Strategic Context

The acquisition is part of Premium Plast's strategy to expand its business operations. The company stated that the extent and nature of impact on management or control of the listed entity is not applicable. There are no restrictions or liabilities imposed upon the listed entity as part of this agreement. No shares were issued to the parties involved in this transaction.

What the Numbers Show

The acquisition cost of ₹99,00,000 for 3,107.81 sq. ft. of industrial space suggests a focus on capital-efficient expansion through existing infrastructure rather than greenfield development. By acquiring an under-construction plant on an MPIDC leasehold plot, Premium Plast likely aims to reduce setup time and leverage established industrial infrastructure in the Bhopal region. The absence of related-party involvement ensures arm's length pricing, providing transparency in the valuation of the asset.

Premium Plast Limited reported its audited standalone financial results for the year ended March 31, 2026, on May 31, 2026. The company's board approved the results, showing a revenue from operations of ₹7,537.38 lakh for FY26, compared to ₹5,703.28 lakh in the previous year. Profit after tax for the year stood at ₹687.29 lakh, an increase from ₹645.34 lakh in FY25. The earnings per share (EPS) for the year was reported at ₹3.38 on a basic and diluted basis.

The board meeting, which was rescheduled to May 31, 2026, also approved the audit report on financial results issued by the statutory auditors, VRCA & Associates. The meeting commenced at 4:00 P.M. and concluded at 8:45 P.M. The trading window for the company's securities, which had been closed since April 1, 2026, will reopen 48 hours after the declaration of these results.

Financial Performance

The company's total income for FY26 rose to ₹7,582.48 lakh from ₹5,724.63 lakh in the previous year. Total expenses increased to ₹6,643.82 lakh from ₹4,862.25 lakh. The profit before tax for the year was ₹938.66 lakh, up from ₹862.39 lakh in FY25. For the half-year ended March 31, 2026, the company reported a revenue of ₹3,687.57 lakh and a profit after tax of ₹294.22 lakh.

Fund Utilisation and Disclosures

The statutory auditors confirmed in their report that the company had received application money of ₹4,01,90,325 towards the issuance of equity shares on a preferential basis. The allotment of these shares was completed subsequent to the reporting date but prior to the date of the auditor's report. The funds were utilised in compliance with the stated objects.

Additionally, the company provided a certificate on the utilisation of funds raised through its public issue. The gross proceeds of the issue amounted to ₹2,619.54 lakh. As of March 31, 2026, the company had utilized ₹1,893.61 lakh, with an unspent amount of ₹725.93 lakh lying in the escrow account. The primary utilisation included ₹929.51 lakh for the expansion of manufacturing facilities and ₹104.40 lakh for a solar power plant.