Prima Plastics launches KYC awareness campaign

1 min read     Updated on 28 May 2026, 10:19 AM
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Shriram SScanX News Team
AI Summary

Prima Plastics Limited launched the 'Saksham Niveshak' campaign on April 1, 2026, running until July 9, 2026, to help shareholders update KYC details and claim unpaid dividends. The initiative aims to prevent the transfer of unclaimed amounts to the IEPFA. Shareholders can contact Bigshare Services Private Limited or the company directly for assistance.

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Prima Plastics Limited has commenced the 'Saksham Niveshak' campaign to facilitate the updation of Know Your Customer (KYC) details and the claiming of unpaid dividends by its shareholders. The initiative, which began on April 1, 2026, and will continue until July 9, 2026, is designed to prevent the transfer of unclaimed dividends and shares to the Investor Education and Protection Fund Authority (IEPFA). This move follows a directive from the Ministry of Corporate Affairs (MCA) dated March 27, 2026.

The company has urged shareholders who have not claimed their dividends or updated their KYC and nomination details to utilize this window. The primary objective is to ensure that shareholders update their bank mandates, nominee information, and contact details to secure their entitlements. Failure to update these details may result in the transfer of funds to the IEPFA.

Shareholders facing issues related to unclaimed dividends or shares can reach out to the company's Registrar and Transfer Agent (RTA), Bigshare Services Private Limited. The RTA can be contacted via email at investor@bigshareonline.com , by phone at 22-6263 8200, or by fax at 22-6263 8299. Additionally, shareholders may send their queries directly to Prima Plastics Limited at investor@primaplastics.com .

The campaign is part of a broader effort to enhance shareholder engagement and ensure compliance with regulatory requirements aimed at protecting investor interests. The company has made the necessary information available on its website and published advertisements in newspapers to maximize awareness among its investor base.

Historical Stock Returns for Prima Plastics

1 Day5 Days1 Month6 Months1 Year5 Years
-3.91%+9.40%+17.27%-1.03%-26.34%+9.04%

What is the estimated value of unclaimed dividends and shares currently at risk of being transferred to the IEPFA?

How will the success of the 'Saksham Niveshak' campaign impact Prima Plastics' shareholder engagement metrics moving forward?

Could this initiative serve as a model for other companies facing similar regulatory pressures regarding unclaimed dividends?

Prima Plastics FY26 Net Profit Rises, Dividend Declared

1 min read     Updated on 22 May 2026, 10:10 AM
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Suketu GScanX News Team
AI Summary

Prima Plastics Limited announced its audited financial results for the year ended March 31, 2026, reporting a consolidated net profit of ₹2,126.59 lakh, a rise from ₹1,823.97 lakh in FY25. Revenue from operations grew to ₹15,980.67 lakh from ₹14,265.10 lakh in the prior year. The Board recommended a final dividend of ₹2 per share and scheduled the 32nd AGM for August 10, 2026.

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Prima Plastics Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors, at its meeting held on May 20, 2026, approved the results and recommended a final dividend. The statutory auditors issued an unmodified opinion on the financial statements.

Financial Performance

For the financial year ended March 31, 2026, the company reported a consolidated net profit of ₹2,126.59 lakh, an increase from ₹1,823.97 lakh in the previous year. Revenue from operations for the year stood at ₹15,980.67 lakh, compared to ₹14,265.10 lakh in FY25. For the quarter ended March 31, 2026, the net profit was ₹923.09 lakh, while revenue from operations was ₹4,670.03 lakh.

On a standalone basis, the net profit for FY26 was ₹640.97 lakh, up from ₹422.45 lakh in the prior year. Revenue from operations for the standalone entity increased to ₹8,664.59 lakh from ₹8,095.89 lakh in FY25.

Metric Consolidated FY26 (₹ in Lakhs) Consolidated FY25 (₹ in Lakhs)
Revenue from Operations 15,980.67 14,265.10
Total Income 16,095.20 14,303.22
Total Expenses 14,023.44 12,967.12
Net Profit for the Year 2,126.59 1,823.97

Dividend Declaration

The Board has recommended a final dividend of 20%, or ₹2 per equity share of ₹10 each fully paid-up, for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the upcoming Annual General Meeting (AGM). The record date for determining eligibility for the dividend is August 3, 2026.

Corporate Governance and Appointments

The Board appointed M/s Shah Valera & Associates LLP as the Internal Auditor for a term of one year for F.Y. 2026-2027. Additionally, Mr. Prashant Diwan was appointed as the scrutinizer for the 32nd AGM. The company also approved the issuance of a corporate guarantee of ₹28.86 crores to Kotak Mahindra Bank Limited on behalf of its group company, Prima Innovation Limited, subject to shareholder approval.

Annual General Meeting

The 32nd AGM is scheduled for Monday, August 10, 2026, at 11:00 A.M. IST via Video Conferencing. The book closure period is from August 4, 2026, to August 10, 2026, both days inclusive, for the purpose of the AGM and dividend.

Historical Stock Returns for Prima Plastics

1 Day5 Days1 Month6 Months1 Year5 Years
-3.91%+9.40%+17.27%-1.03%-26.34%+9.04%

How might Prima Plastics plan to deploy its growing profits to sustain the revenue growth momentum beyond FY26, particularly in light of increasing raw material cost pressures in the plastics industry?

What strategic role could the ₹28.86 crore corporate guarantee to Kotak Mahindra Bank on behalf of Prima Innovation Limited play in the group's future expansion or diversification plans?

Given the significant gap between consolidated revenue (₹15,980 lakh) and standalone revenue (₹8,664 lakh), how are Prima Plastics' subsidiaries expected to contribute to overall group growth in FY27?

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1 Year Returns:-26.34%