Supreme Industries announced the voting results for its 84th Annual General Meeting held on July 3, 2026, through video conference. All five resolutions, including the adoption of financial statements for FY26 and the reappointment of a director, were passed with the requisite majority. The e-voting process was conducted by the National Securities Depository Limited from June 30 to July 2, 2026, with Shri V. Laxman appointed as the scrutinizer.

The total number of shareholders on the record date was 94,721. The resolutions covered the adoption of standalone and consolidated financial statements, the declaration of final dividend, the appointment of statutory auditors, the reappointment of Shri V.K. Taparia as a director, and the ratification of cost auditors' remuneration.

Voting Results Summary

The resolutions received strong support from shareholders, with the special resolution for the reappointment of Shri V.K. Taparia seeing 91.09% votes in favour. Public institutions showed significant opposition to this resolution, with 22.23% voting against it.

Key Appointments

MSKA & Associates LLP was appointed as the statutory auditor for a term of five years, concluding with the 89th AGM. Shri V.K. Taparia was reappointed as a director following his retirement by rotation. The scrutinizer's report confirmed that the voting process was conducted fairly and transparently in compliance with the Companies Act, 2013 and SEBI regulations.

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.