SPP Polymer Limited reported a net profit of ₹112.57 lakh for the financial year ended March 31, 2025, an increase from ₹104.00 lakh in the previous year. Revenue from operations rose to ₹10,755.87 lakh from ₹9,175.11 lakh in FY24. The company's board has recommended a final dividend of ₹0.50 per equity share, subject to shareholder approval.

For the half-year ended March 31, 2025, the company recorded a net profit of ₹5.65 lakh, a significant decline from ₹116.47 lakh in the corresponding period of the previous year. Revenue from operations for the half-year stood at ₹5,352.22 lakh. The financial results were reviewed by the Audit Committee and approved by the board on May 27, 2025.

Financial Performance

The company's total expenses for FY25 amounted to ₹10,694.16 lakh, up from ₹9,238.48 lakh in the previous year. Finance costs decreased to ₹165.61 lakh from ₹269.63 lakh in FY24. The profit before tax for the year was ₹195.84 lakh, compared to ₹142.81 lakh in the prior year.

Fund Utilisation and IPO

SPP Polymer raised ₹24.48 crore through its Initial Public Offering, with shares listed on the NSE Emerge platform on September 17, 2024. The company stated there was no deviation in the utilization of funds raised. The proceeds were fully utilized towards repayment of loans, working capital requirements, and general corporate purposes.

Auditor's Report

GSK & Associates LLP, the statutory auditors, issued an unqualified opinion on the financial statements. The report highlighted that the company's management is responsible for the physical verification of property, plant, and equipment, which the auditors did not independently verify. Additionally, trade receivables and payables were verified on a test-check basis.

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: