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.

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.

Prima Plastics Limited has published newspaper advertisements in compliance with SEBI regulations following the completion of its demerger scheme with Prima Innovation Limited. The company published advertisements on April 22, 2026, in Financial Express (English) and Vartman Pravah (Gujarati) newspapers, as required under Regulation 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Demerger Scheme Implementation

The Hon'ble National Company Law Tribunal, Ahmedabad Bench, sanctioned the Scheme of Arrangement between Prima Plastics Limited and Prima Innovation Limited on March 16, 2026. The scheme provides for the demerger of the company's Rotational Moulding Business to Prima Innovation Limited on a going concern basis.

Share Allotment and Dematerialization Requirements

Prima Innovation Limited has successfully allotted 1,10,00,470 equity shares in the ratio of 1:1 to shareholders of Prima Plastics Limited. Each fully paid-up equity share of Prima Innovation Limited carries a face value of INR 5, issued against every fully paid-up equity share of INR 10 held in Prima Plastics Limited as on the record date of April 17, 2026.

In compliance with SEBI Circular SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022, all equity shares of the resulting company are allotted only in dematerialized form. Physical shares held by shareholders as on the record date have been transferred to "PIL - Unclaimed Securities Escrow Suspense Demat Account" opened by Prima Innovation Limited.

Cost Allocation Framework

For determining the post-demerger cost of acquisition, the company has provided specific allocation percentages to shareholders:

Shareholder Action Required

Shareholders holding equity shares in physical form as on the record date are requested to open a Demat Account or provide details of their existing demat account to Bigshare Services Private Limited, the company's Registrar & Transfer Agent. This is necessary for crediting Prima Innovation Limited shares to their respective accounts.

Tax Implications and Compliance

The company has clarified that under Section 47(vid) of the Income Tax Act, the allotment of equity shares by Prima Innovation Limited pursuant to the scheme will not be regarded as a transfer. Additionally, as per explanation 1(i)(g) to Section 2(42A) of the Act, the date of acquisition of Prima Plastics Limited equity shares will be deemed as the acquisition date for Prima Innovation Limited shares.

The guidance document, signed by Company Secretary Nehal Goyal, emphasizes that the communication serves as general guidance only. Shareholders are advised to consult their own tax advisors for specific implications, as the company assumes no liability regarding this guidance.