Valplast Technologies Limited has announced its audited financial results for the year ended March 31, 2026, reporting a significant increase in profitability. The company’s net profit for the year stood at ₹930.17 lakh, a 52% increase compared to ₹611.63 lakh in the previous year. Revenue from operations grew to ₹10,235.68 lakh from ₹6,325.12 lakh in the same period.

Financial Performance

The board approved the audited standalone financial results for the half year and financial year ended March 31, 2026. The statutory auditors issued an unmodified opinion on the results. Key financial metrics for the year include:

Dividend Declaration

The board has recommended a final dividend of ₹1.00 per equity share (10%) for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting. If approved, the payment will be made within 30 days from the date of the meeting, subject to tax deduction at source. The record date for the dividend will be intimated in due course.

IPO Proceeds Utilization

The board approved a variation in the utilization of funds raised through its Initial Public Offering. The company originally proposed to utilize ₹495.00 lakh for funding capital expenditure by purchasing machinery. This has now been revised to be utilized towards General Corporate Purpose (GCP) and Working Capital. The variation is pursuant to Section 27 of the Companies Act, 2013, and other applicable provisions.

Corporate Governance Updates

The board approved the draft notice for the General Meeting and Postal Ballot, along with the calendar of events. Mr. Rajat Mishra of M/s. RAJAT MISHRA & ASSOCIATES was appointed as the scrutinizer, and Bigshare Services Private Limited was appointed as the agency for facilitating electronic voting. The trading window for dealing in the company's securities will remain closed for designated persons until 48 hours after the declaration of the financial results.

Valplast Technologies Limited has issued a formal disclosure to BSE Limited clarifying the non-applicability of certain SEBI regulatory requirements for SME Exchange listed entities. The communication, dated April 17, 2026, addresses specific exemptions under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Exemptions for SME Exchange Listed Entities

The company informed BSE that pursuant to Regulation 15(2) of the SEBI (LODR) Regulations 2015, compliance with several corporate governance provisions is not mandatory for entities listed on the SME Exchange. The exempted regulations include:

Specific Clarification on Regulation 24A

The primary focus of the disclosure was to clarify that Regulation 24A is not applicable to Valplast Technologies Limited. This regulation typically requires the submission of Annual Secretarial Compliance Reports as mandated by SEBI Circular No. CIR/CFD/CMD1/27/2019 dated February 08, 2019.

Key Points of the Disclosure

• The company falls under the ambit of Regulation 15(2)(b) of SEBI (LODR) Regulations 2015
• Annual Secretarial Compliance Report submission is not required
• The exemption is specifically due to the company's listing status on the SME Exchange
• Related Party Transaction regulations under Regulation 23 remain fully applicable

Company Information and Authorization

The disclosure was signed by Sundar Singh, Company Secretary & Compliance Officer (Membership No. A68680), and submitted from the company's Noida office. Valplast Technologies Limited operates with its corporate office located at Unit No. 1109, 11th Floor, Tower-A, Advant IT Park, Plot No. 7, Sector 142, Noida-201305.

The company requested BSE Limited to take this information on record, ensuring transparency regarding its regulatory compliance obligations as an SME Exchange listed entity.