SPP Polymer Limited has confirmed that its promoters and promoter group did not create any encumbrance on their shareholdings during the financial year ended March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Limited, assures stakeholders that no new charges were created directly or indirectly beyond those already reported. This compliance filing under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, provides transparency regarding the financial commitments of the company's key shareholders.

The declaration was made by Dipak Goyal on behalf of the promoters and promoter group. It explicitly states that members of the promoter group, including persons acting in concert, have refrained from encumbering their shares throughout the specified financial year. The filing includes a comprehensive list of individuals and entities constituting the promoter group, detailing the specific shareholders covered by this declaration.

The list of promoters includes individuals such as Mahavir Bahety, Shyamsunder Champalal Bahety, and Dipak Goyal, among others. It also encompasses various family members and associates, ensuring a complete disclosure of all parties acting in concert with the promoters. The document further identifies corporate entities and bodies like Flylite Luggage (India) Private Limited and Goldstar Footwears Private Limited as part of the promoter group structure.

The submission to the exchange serves as a formal record for the financial year ended March 31, 2026. By confirming the absence of new encumbrances, spp polymer provides clarity to the market regarding the leverage status of its promoters. This information is critical for investors assessing the risk profile associated with the company's ownership structure.

Promoter and Promoter Group

The following table lists the individuals and entities identified as part of the promoter and promoter group in the filing:

SPP Polymer Limited reported a net loss of ₹416.27 lakh for the financial year ended March 31, 2026, reversing the net profit of ₹112.58 lakh recorded in the previous year. The company's revenue from operations rose to ₹11,066.69 lakh for FY26, up from ₹10,755.87 lakh in FY25, according to a filing with the National Stock Exchange of India.

The standalone audited financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on May 15, 2026. The statutory auditor, GSK & Associates LLP, conducted the audit in accordance with the Standards on Auditing specified under the Companies Act, 2013.

Financial Performance

For the half-year ended March 31, 2026, the company reported a net loss of ₹320.31 lakh, compared to a net profit of ₹5.65 lakh in the same period of the previous year. Total revenue for the half-year stood at ₹5,877.13 lakh. The company reported that it did not have any long-term contracts, including derivative contracts, with material foreseeable losses during the period.

The following table summarizes the key financial metrics for the year and half-year ended March 31, 2026:

Auditor's Observations

GSK & Associates LLP stated in its report that the company's management is responsible for the physical verification of property, plant, and equipment, which the auditors did not independently inspect. Any adjustments to these asset values could affect the profit and net value of the assets for the year ended March 31, 2026. Additionally, the auditors noted that trade receivables, payables, and other balances were not independently verified except on a test-check basis.

The auditor also highlighted that the company has some pending litigations which would impact its financial position, referring to Note No. 25 of the financial statements. The report confirmed that no funds were advanced or invested by the company to intermediaries for the benefit of ultimate beneficiaries, nor were any funds received from funding parties for such purposes.

Balance Sheet Highlights

The company's total equity and liabilities stood at ₹8,174.68 lakh as of March 31, 2026, compared to ₹8,053.15 lakh in the previous year. Share capital remained constant at ₹1,539.12 lakh, while reserves and surplus decreased to ₹3,075.32 lakh from ₹3,572.04 lakh. Short-term borrowings increased significantly to ₹1,272.05 lakh from ₹745.83 lakh in the prior year.

On the assets side, total assets matched the total equity and liabilities at ₹8,174.68 lakh. Inventories were recorded at ₹2,881.12 lakh, and trade receivables increased to ₹2,275.03 lakh from ₹1,624.34 lakh. Cash and cash equivalents improved to ₹6.45 lakh from ₹1.75 lakh.