Silkflex Polymers (India) Limited has submitted the compliance certificate for its Structured Digital Database (SDD) for the financial year 2025-2026, confirming adherence to Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The certification, dated May 30, 2026, verifies that the company maintained a non-tamperable database capable of retaining records for eight years. This compliance ensures the integrity of Unpublished Price Sensitive Information (UPSI) handling, a critical requirement for listed entities to safeguard market transparency and investor interests.

The filing, addressed to the Listing Compliance Department of the National Stock Exchange of India Limited, was signed by Tushar Lalit Kumar Sanghavi, Chairman and Managing Director. The compliance certificate was issued by Insiya Nalawala & Associates, Company Secretaries, following an audit of the company's internal systems. The certification confirms that the company successfully captured all 20 required events during the financial year ended March 31, 2026.

Key Compliance Metrics

The certification provided by the practicing company secretary details the operational status of the SDD and the specific data points captured during the fiscal year.

System and Audit Details

The certificate confirms that the SDD is maintained internally with a robust audit trail to track access and modifications. The system is designed to be non-tamperable, ensuring the security and authenticity of the stored records. The database captured the nature of UPSI along with precise date and time stamps for every dissemination event during the year.

No non-compliance was observed in the previous financial year, as noted in the certificate. The auditor, Insiya Nalawala, holds registration number FCS 13422 and COP number 22786. The Unique Document Identification Number (UDIN) for the certificate is F013422H000529542.

Silkflex Polymers (India) Limited held its Q4 FY26 Earnings Conference Call on April 28, 2026, with Chairman and Managing Director Mr. Tushar Lalit Kumar Sanghavi and Whole-time Director and CFO Mrs. Urmi Raj Mehta presenting the company's financial results and operational highlights. The call, hosted by X-B4 Advisory, marked a significant milestone as the company reported its first full year of commercial manufacturing operations at its Vadodara facility.

Q4 FY26 Financial Performance

The company delivered robust growth across all key financial metrics in Q4 FY26. Revenue from operations stood at INR39.1 crores, registering a growth of 199.8% over Q4 FY25. EBITDA increased by 224.4% to INR9 crores, driven by operating leverage and cost control, with EBITDA margin improving by 180 basis points to 23.1% from 21.3% in the same period last year. PAT grew by 234.1% to INR4.7 crores, with PAT margin expanding by 120 basis points from 10.7% to 11.9%.

During Q4 FY26, the revenue mix shifted meaningfully towards manufacturing, with manufacturing contributing INR16 crores and the balance coming from the trading business, representing approximately a 40%/60% split between manufacturing and trading respectively.

Full Year FY26 Financial Performance

For the full year FY26, Silkflex Polymers delivered broad-based growth across revenue, EBITDA, and profitability metrics. Annual revenue grew by 37.7% to INR110.3 crores, up from INR80 crores in FY25. EBITDA for the year stood at INR21.7 crores, up 87.3% year-on-year, with EBITDA margin expanding by 520 basis points. PAT increased by 73.6% to INR12.2 crores, with PAT margin improving by 230 basis points.

Revenue Mix and Segment Performance

In FY26, the distribution business accounted for 75.9% of total revenue, while manufacturing contributed 24.1%, reflecting the first year of manufacturing operations. Within the distribution business, the textile ink segment remained dominant at 94.5% of total revenue, while wood coatings accounted for 5.5%. Segment-wise performance for FY26 is detailed below:

Management noted that the wood coating segment, while smaller, is steadily gaining traction and is considered a high-potential vertical. The company recently opened a branch in Kochi to tap into the furniture manufacturing hub, reporting positive early customer response driven by growing demand for solvent-free solutions.

Vadodara Manufacturing Facility and Operational Highlights

The Vadodara facility, which commenced commercial production in November, is spread over 10 acres with a 72,000 square feet automated setup and an installed capacity of 500 metric tons per month. The plant operates on a boiler-less, zero-carbon and zero-discharge model. Key operational parameters are summarised below:

Under a technology transfer agreement with Silkflex Malaysia, the company has commenced in-house manufacturing of textile binder and table glue. Management indicated that this backward integration is expected to improve EBITDA margins by approximately 20% to 25%, reduce import dependency, and enhance supply reliability. The company also retains full commercial rights to sell binder products to third-party industries, including paints, coatings, and industrial applications.

Management stated that the manufacturing segment carries EBITDA margins of approximately 20% to 25%, compared to 12% to 15% for the trading business. At full capacity utilization, an overall EBITDA expansion of 200 to 300 basis points is anticipated at the company level, based on the FY26 full-year base. Approximately 80% of the facility space remains available for future expansion, with additional vessel investments estimated at INR3 crores to INR5 crores depending on requirements.

Outlook and Strategic Priorities

Management outlined the following priorities for FY27 and beyond:

• Scaling manufacturing capacity utilization to 100% by the end of FY27
• Increasing manufacturing contribution to 50% of total revenue mix, from the current 24.1%
• Expanding binder sales into non-textile industries such as paints, coatings, and construction
• Targeting manufacturing revenue of INR60 crores to INR70 crores in FY27, based on an average utilization trajectory
• Expecting 10% to 20% growth in the trading business in FY27, while prioritising manufacturing scale-up
• Reducing debt through internal accruals, with no major additional capex planned beyond incremental vessel additions
• Launching new products from ongoing R&D efforts within approximately 3 to 4 months

Management also noted that inventory stood at around INR29 crores, attributing the elevated level to the need to stock 108 imported products across multiple warehouses and offices nationwide, given that in-house manufacturing currently covers only two products. On working capital, management expressed confidence that internal cash flows would be sufficient to support growth without working capital becoming a constraint in the near term.