Shareholders of Prima Plastics approved all five resolutions placed before them at the company’s 32nd Annual General Meeting (AGM) held on August 10, 2026.

The meeting, conducted through Video Conferencing or Other Audio-Visual Means (OAVM), saw substantial participation from promoters, who cast votes representing nearly 99.72% of their holding. Public non-institutional shareholders also participated actively, particularly in voting on ordinary resolutions regarding financial statements and dividends.

Voting Participation Overview

The total number of shares on the record date stood at 11,000,470. A total of 60 folios voted across all resolutions. The promoter and promoter group held 6,409,955 shares, while public non-institutional shareholders held 4,590,515 shares. No institutional public shareholders were recorded as holding shares on the record date.

Resolution Outcomes

All resolutions passed with overwhelming support. The adoption of financial statements, declaration of dividend, and appointment of Mr. Dilip Manharlal Parekh as a director liable to retire by rotation received nearly unanimous approval from both promoter and public shareholders.

A special resolution seeking approval for providing a corporate guarantee under Section 186 of the Companies Act, 2013, was passed with 99.70% assent votes. Notably, promoter shareholders did not vote on this specific resolution, abstaining from casting votes either remotely or during the AGM.

An ordinary resolution to increase the remuneration of Mrs. Shriya V. Chaudhary, classified as a related-party transaction, received 98.18% assent votes. Similar to the corporate guarantee resolution, promoter shareholders abstained from voting on this item.

What the Numbers Show

The voting pattern highlights a clear divergence in engagement based on resolution type. While promoter shareholders voted uniformly on standard governance items like financial statements and director appointments, they completely abstained from voting on the two resolutions involving related-party interests: the remuneration hike for Mrs. Shriya V. Chaudhary and the corporate guarantee provision. This abstention aligns with regulatory norms requiring interested parties to refrain from voting on such matters, leaving the decision entirely to public non-institutional shareholders who provided strong support for both proposals.

Prima Plastics Limited reported a significant improvement in standalone profitability for the quarter ended June 30, 2026, with net profit from continuing operations rising to ₹1,308.64 lakhs from ₹627.10 lakhs in the corresponding period of the previous year. The surge was primarily driven by a sharp increase in other income, which more than doubled to ₹1,741.83 lakhs from ₹833.00 lakhs in Q1FY26, offsetting a marginal decline in revenue from operations. Consolidated net profit, however, saw a slight year-on-year decline to ₹344.88 lakhs from ₹402.74 lakhs, reflecting broader group dynamics despite strong standalone performance.

The Board of Directors approved the unaudited standalone and consolidated financial results at its meeting held on August 10, 2026, based on recommendations from the Audit Committee. The results carry an unmodified limited review report from statutory auditors CNK & Associates LLP, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A key structural development during the period was the completion of the demerger of the company's Rotational Moulding business into its wholly owned subsidiary, Prima Innovation Limited (PIL), effective March 31, 2026. Prior period figures have been restated to reflect this business as discontinued operations under Ind AS 105.

Standalone Financial Performance

On a standalone basis, Prima Plastics posted revenue from operations of ₹1,683.83 lakhs, compared to ₹1,706.63 lakhs in Q1FY26. Total expenses decreased to ₹1,727.23 lakhs from ₹1,777.87 lakhs in the year-ago quarter. The substantial rise in other income lifted total income to ₹3,425.66 lakhs against ₹2,539.63 lakhs previously. Consequently, profit before tax from continuing operations stood at ₹1,698.43 lakhs, up from ₹761.76 lakhs in Q1FY26.

The following table summarises key standalone financial metrics:

Paid-up equity share capital remained unchanged at ₹1,100.05 lakhs (face value ₹10 per share), with other equity at ₹4,178.57 lakhs as at March 31, 2026.

Consolidated Financial Performance

On a consolidated basis, which includes subsidiary Prima Union Plásticos, S.A. and the group's share in joint venture Prima Dee-Lite Plastics SARL, total income for Q1 FY27 was ₹4,040.28 lakhs compared to ₹3,546.32 lakhs in Q1FY26. Consolidated revenue from operations rose to ₹4,010.60 lakhs from ₹3,479.20 lakhs in the year-ago quarter. However, total consolidated expenses increased to ₹3,360.53 lakhs from ₹3,167.30 lakhs.

Consolidated net profit from continuing operations for Q1 FY27 was ₹344.88 lakhs, compared to ₹402.74 lakhs in Q1FY26. Profit attributable to owners of the parent stood at ₹291.86 lakhs, while profit attributable to non-controlling interest was ₹53.02 lakhs. An exceptional item of ₹222.98 lakhs was recorded in the current quarter.

Geographic Revenue and Demerger Details

The company operates exclusively in the business of plastic articles and related products, with no reportable segments under Ind AS 108. Consolidated revenue from external customers for the period ended June 30, 2026 totalled ₹4,010.60 lakhs, with India contributing ₹1,538.42 lakhs and other geographies contributing ₹2,472.18 lakhs. Non-current assets as at June 30, 2026 stood at ₹2,716.72 lakhs in total, with ₹2,202.78 lakhs in India and ₹513.94 lakhs outside India.

Regarding the discontinued Rotational Moulding business, the demerger scheme was sanctioned by the Hon'ble National Company Law Tribunal, Ahmedabad Bench on March 16, 2026. Assets and liabilities were transferred to PIL as on the appointed date of July 01, 2024, and derecognised from the company's books accordingly. The trading window for shares of the company will reopen for employees and directors on August 13, 2026.