Vinayak Polycon International has scheduled its 17th Annual General Meeting (AGM) for September 12, 2026. The meeting will be conducted through video conferencing or other audio-visual means (VC/OAVM), with the deemed venue at the company's registered office in Jaipur.

The primary agenda includes ordinary business items: adopting the audited financial statements for the fiscal year ended March 31, 2026, along with the reports of the Board of Directors and Auditors. Additionally, shareholders will vote on the reappointment of Mr. Vikram Baid (DIN 00217347), who retires by rotation and offers himself for re-election.

Voting and Participation Details

The company has appointed National Securities Depository Ltd (NSDL) to facilitate remote e-voting and e-voting during the AGM. The remote e-voting period begins on September 8, 2026, at 9:00 am and ends on September 11, 2026, at 5:00 pm. Only members whose names appear in the Register of Members or Beneficial Owners as on the cut-off date of September 5, 2026, are eligible to vote.

Key logistical details for shareholders include:

• Record Date: September 5, 2026.
• Book Closure: The register of members and share transfer books will remain closed from September 6, 2026, to September 12, 2026.
• Proxy Facility: Not available for this AGM due to the virtual format.
• Scrutinizer: CS Manoj Maheshwari (FCS 3355) has been appointed as the scrutinizer, with CS Sunita Manish Agarwal (FCS 11024) as the alternate.

Director Reappointment Profile

Mr. Vikram Baid serves as the Executive Director and Chief Financial Officer of Vinayak Polycon International. He has been a promoter and director since the company's inception in December 2009. His profile highlights over 25 years of experience in plastic moulding techniques and mould making, alongside qualifications including B.Com (Hons.), MBF, and ACA membership.

Mr. Baid also holds a directorship in Jai Sinter Polycon Private Limited. He is related to other key managerial personnel, being the husband of Non-Executive Director Mrs. Samta Baid and the son of Managing Director Mr. Bharat Kumar Baid.

Regulatory Compliance and Shareholder Instructions

In compliance with SEBI Listing Regulations and Ministry of Corporate Affairs circulars, the annual report and AGM notice have been dispatched electronically to registered email addresses. Physical copies are not being sent unless specifically requested by shareholders without registered emails.

Under Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has sent letters to members whose email addresses are not registered with the company, its Registrar and Transfer Agent (RTA), or Depositories. These letters provide the web-link and exact path to access the complete Annual Report for the Financial Year 2025-26 and the AGM notice on the company's website.

The company reminds shareholders holding physical shares to consider converting them to dematerialized form, as mandated by SEBI regulations effective April 1, 2019. All future share transfers, duplicate certificate issues, and transmissions will be processed only in demat mode. Shareholders are advised to update their PAN, bank details, and contact information with their Depository Participants or the Registrar and Transfer Agent, Mas Services Limited.

Vinayak Polycon International reported a significant contraction in profitability for the financial year ended March 31, 2026, citing sharp increases in raw material prices due to geopolitical tensions between the US and Iran. Net profit after tax (PAT) fell 77% to ₹5.18 lakh, down from ₹22.48 lakh in FY25. Total revenue declined 6% to ₹1,993.14 lakh from ₹2,119.74 lakh in the previous year.

The company attributed the margin compression to supply chain disruptions that drove up the cost of raw materials, direct labor, and freight. Management noted that these increased costs could not be immediately passed on to buyers, resulting in an operating profit margin of just 0.68%, compared to 1.42% in FY25.

Financial Performance

Despite the decline in absolute profit figures, the company maintained a positive current ratio of 6.63, up from 2.02 in FY25, indicating improved short-term liquidity. However, the debt-to-equity ratio rose to 0.67 from 0.35, driven by higher book debts and cash credit amounts towards the end of the year.

What the Numbers Show

A notable divergence emerged between top-line growth and bottom-line retention. While revenue declined modestly at 6%, net profit collapsed by 77%. This disparity highlights severe operating leverage challenges; fixed costs and depreciation (₹57.69 lakh) consumed the majority of the operating profit (₹94.07 lakh), leaving minimal cushion for taxes and equity earnings. The interest coverage ratio also weakened to 1.60 from 1.95, signaling tighter financial flexibility.

Corporate Governance and Dividend

The Board of Directors did not recommend any dividend for FY26, opting instead to reinvest resources into technology upgrades and mould development. The company’s net worth stood at ₹506.14 lakh, a marginal increase from ₹500.96 lakh in FY25.

Vinayak Polycon is scheduled to hold its 17th Annual General Meeting on September 12, 2026, via video conferencing. The meeting will include the re-appointment of Mr. Vikram Baid as Executive Director and CFO, who retires by rotation.

The company remains exempt from certain Corporate Governance reporting requirements under SEBI Listing Regulations due to its paid-up equity share capital being below ₹10 crore and net worth under ₹25 crore.