United Polyfab Gujarat reported its audited financial results for the year ended March 31, 2026, demonstrating significant growth in both revenue and profitability. The company's net profit for the year surged to 24.29 crore, compared to 17.70 crore in the previous fiscal year, reflecting robust bottom-line expansion. Revenue from operations for FY26 stood at 682.03 crore, a notable increase from the 602.22 crore recorded in the prior year, driven by strong operational performance. The company published these audited financial results in the Financial Express on May 21, 2026.

Annual Financial Performance

The table below outlines the key financial metrics for United Polyfab Gujarat for the year ended March 31, 2026, compared to the corresponding period in the previous year:

Operational Highlights and Margins

While total expenses rose to 652.55 crore from 581.97 crore, the company managed to improve its net profit margin. The cost of materials consumed increased to 632.78 crore from 536.47 crore. Additionally, the board approved the appointment of M/s. M.I. Prajapati & Associates as cost auditors for the financial year 2026-27 to ensure compliance with regulatory requirements.

Q4 Performance Snapshot

For the quarter ended March 31, 2026, the company reported a net profit of 7.06 crore, up from 3.90 crore in the same quarter of the previous year. Revenue for Q4 FY26 reached 172.03 crore, compared to 153.43 crore in the year-ago period, indicating strong momentum in the final quarter of the fiscal year.

United Polyfab Gujarat Limited has received in-principle approval from BSE Limited for the direct listing of 2,29,51,550 equity shares of ₹10/- each on the exchange. The approval was communicated vide BSE letter reference no. LO/DL/PJ/IP/36/2026-27 dated April 30, 2026, and was disclosed to the National Stock Exchange of India Limited by the company on May 08, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Approval Details

The company had submitted its application for listing under the Direct Listing route on April 21, 2026. Following a review of the application and further submissions, BSE's Internal Regulatory Oversight and Review Group (IRORG) considered and approved the application on April 30, 2026. The in-principle approval is valid for a period of 45 days from the date of the letter.

The key parameters of the in-principle approval are summarised below:

Listing Formalities to Be Completed

As part of the in-principle approval, BSE has directed United Polyfab Gujarat Limited to complete the following formalities and submit necessary documents to enable processing of the listing:

• Execute and submit two copies of the Listing Agreement on stamp paper of ₹500, along with a certified true copy of the Board Resolution authorising the signatory.
• File a detailed Listing Application with the exchange.
• Pay an Initial Listing Fee of ₹20,000/- and an Annual Listing Fee of ₹2,85,000/- for the financial year 2026-27 (as clarified by BSE Manager Parag Jain on May 7, 2026), along with applicable Goods & Service Tax (GST).
• Submit a Company Profile certified by the Managing Director or Company Secretary, reflecting the position as on the date of filing the listing application.
• Provide the latest shareholding pattern as per Regulation 31 of SEBI (LODR) Regulations, 2015, along with the latest audited Annual Reports.
• Submit an undertaking on company letterhead, signed by the Managing Director and Company Secretary with company seal, covering commitments related to further capital issuance, promoter shareholding, preferential allotment pricing, and shareholder communications.
• Furnish a full list of the Board of Directors with designation, PAN, and DIN numbers; name of Company Secretary; PAN, TAN, CIN, GST, and ISIN details; and contact numbers of the Managing Director, Company Secretary, and Compliance Officer.
• Comply with provisions regarding financials of the previous quarter, as applicable to any other listed entity.

Fee Clarification

BSE Manager Parag Jain, via communication dated May 7, 2026, clarified that the Annual Listing Fee referenced in Point No. 3 of the in-principle approval letter should be considered for FY 2026-27 instead of FY 2025-26.

Company Communication

The disclosure was signed by Gagan Nirmalkumar Mittal, Chairman and Managing Director of United Polyfab Gujarat Limited (DIN: 00593377), on May 08, 2026. The company has been directed to ensure that any communication made to its shareholders specifically mentions that it has received in-principle approval from BSE for the listing of its securities.