Supreme Industries conducted its 84th Annual General Meeting on July 3, 2026, through video conference, adopting the audited financial statements for the financial year ended March 31, 2026. The meeting, chaired by Shri M.P. Taparia, Chairman and Managing Director, commenced at 4.00 p.m. and concluded at approximately 5.22 p.m. All directors attended the proceedings, which were held in compliance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

The shareholders approved five ordinary resolutions and one special resolution during the meeting. The resolutions covered the adoption of standalone and consolidated financial statements, the declaration of final dividend, and the confirmation of interim dividend payments for the financial year ended March 31, 2026. Additionally, the members ratified the remuneration of cost auditors.

Key Appointments and Approvals

The meeting resulted in the appointment of MSKA & Associates LLP as the statutory auditors of the company. The firm, registered with Firm Registration No. 105047W/W101187, will oversee the company's financial audits. Shareholders also passed a special resolution to reappoint Shri V.K. Taparia as a director, following his retirement by rotation upon attaining the age of seventy years.

Auditor and Scrutineer Details

Representatives from M/s Lodha & Company, the statutory auditors, and M/s Kishore Bhatia & Associates, the cost accountants, participated in the meeting. Shri V. Laxman, proprietor of M/s V Laxman & Company, was appointed as the scrutinizer to oversee the e-voting process. The chairman confirmed that the auditors' reports contained no qualifications, observations, or comments on the company's financial transactions.

The chairman informed the attendees that the voting results would be declared within two working days of the conclusion of the AGM. The scrutinizer's report and the voting results will be made available on the company's website and the stock exchanges.

Supreme Industries reported a net profit of ₹911 crore for the financial year ended March 31, 2026, compared to ₹894 crore in the previous year. The company achieved net revenues of ₹11,320 crore for FY26, a rise from ₹10,559 crore in FY25. The Board of Directors has recommended a final dividend of ₹25 per share, which, combined with the interim dividend of ₹11 per share already paid, results in a total dividend payout of ₹36 per share for the year. The company's Chairman, M P Taparia, addressed the 84th Annual General Meeting on July 3, 2026, highlighting the results and future outlook.

Financial Performance

The company's Profit Before Interest, Depreciation and Taxes (PBDIT) stood at ₹1,657 crore for FY26, up from ₹1,546 crore in the previous year. Total dividend payout for the year is estimated at ₹457 crore, compared to ₹432 crore in FY25. Following necessary provisions, the company transferred ₹454 crore to the General Reserve.

Operational Highlights

The company sold 7.54 lakh tons of plastic products during the year, reflecting a growth of approximately 12% in volume compared to 6.75 lakh tons in the previous year. The Plastics Piping Systems business continued its strong growth, with installed capacities reaching one million MT per annum as of March 31, 2026, up from 8,70,000 MT per annum at the beginning of the year. The turnover of value-added products grew to ₹4,677 crore from ₹4,060 crore in the previous year.

Strategic Developments

Supreme Industries launched a new vertical of uPVC Windows & Doors and commenced production of PP bubble guard sheets for material handling applications. The company became a licensee of M/s Poloplast GmbH & Co KG, Austria, to produce PP silent Pipe Systems. The Composite Cylinder Division added M/S Bharat Petroleum Corporation Limited (BPCL) as a customer, supplying over 2 lakh cylinders during the year. The company reported a net cash surplus balance of ₹542 crore at the end of June 2026 and plans to fund its capex and working capital requirements through internal accruals.

Outlook and Risks

The Chairman noted that polymer prices, which had risen sharply in March, started a downward trend in April due to a ceasefire between America and Iran. This led to huge destocking by the distributor chain and a degrowth in volumes in the first quarter. The company anticipates a volume recovery for the rest of the year as prices normalize. The company remains focused on managing risks from geopolitical uncertainties, raw material price volatility, and currency fluctuations through diversified sourcing and hedging.