Vinyoflex Limited approved its Board’s Report for the financial year ended March 31, 2026, and the notice for its 33rd Annual General Meeting (AGM) during a board meeting held on August 31, 2026.

The company scheduled the AGM for Friday, September 25, 2026, at 10:00 am at its registered office in Rajkot, Gujarat.

Key Corporate Actions

The board recommended the re-appointment of Mrs. Nila Uday Tilva (DIN: 07123527), who retires by rotation and is eligible for re-appointment subject to member approval.

The register of members and share transfer books will remain closed from Friday, September 18, 2026, to Friday, September 25, 2026, inclusive. This period serves as the cut-off date for remote e-voting and e-voting during the AGM.

CS Chetan Devidas Shah was appointed as the scrutinizer to oversee the voting process.

Meeting Details

The board meeting commenced at 3:30 pm and concluded at 4:00 pm at the company’s registered office. The approvals were made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Vinyoflex Limited reported a 35% year-on-year increase in net profit to ₹83.6 lakh for the quarter ended June 30, 2026, driven by improved operational efficiency and reduced interest expenses. The company’s revenue from operations rose 4% to ₹941.1 lakh, reflecting steady demand in its single-segment PVC film business. Basic earnings per share (EPS) climbed to ₹1.94 from ₹1.43 in the corresponding period last year, signaling stronger profitability for shareholders.

The Board of Directors approved the standalone unaudited financial results on July 30, 2026, during a meeting at its registered office in Rajkot. The results were reviewed by statutory auditor M/s. Bhavin Associates under Standard on Review Engagement (SRE) 2400. Certification was provided by Chief Executive Officer Rahul Mansukhbhai Patel and Chief Financial Officer Kiritbhai B. Makadia under Regulation 33(2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Key Financial Highlights

Revenue growth remained modest as other income declined to ₹7.6 lakh from ₹14.8 lakh in Q1FY26. However, cost controls helped preserve margins, with total expenses rising only marginally to ₹837.1 lakh compared to ₹834.3 lakh previously.

What the Numbers Show

A notable shift in Vinyoflex’s cost structure is the complete elimination of finance costs, which stood at ₹0.8 lakh in Q1FY26 but dropped to zero in Q1FY27. This improvement coincided with a significant reduction in trade receivables, which fell to ₹1,197.3 lakh from ₹1,385.9 lakh at the end of FY26. The decline in receivables suggests tighter credit management or faster collections, reducing working capital pressure. Meanwhile, cash and cash equivalents surged to ₹806.7 lakh from ₹442.8 lakh, enhancing liquidity.

Inventory levels increased to ₹774.2 lakh from ₹727.6 lakh, indicating potential buildup ahead of anticipated demand or production cycles. Despite this, the change in inventories contributed positively to profit before tax, showing efficient stock utilization. Deferred tax liabilities remained stable at ₹44.8 lakh, while provisions for current liabilities rose to ₹53.6 lakh from ₹9.6 lakh, possibly reflecting updated risk assessments.

Balance Sheet Position

Total assets expanded to ₹3,999.9 lakh from ₹3,793.8 lakh, primarily due to higher current assets. Non-current assets decreased slightly to ₹1,168.6 lakh, with property, plant, and equipment falling to ₹641.5 lakh from ₹654.3 lakh. Investments remained unchanged at ₹501.3 lakh. On the liability side, equity grew to ₹3,685.3 lakh, bolstered by retained earnings, while borrowings remained nil, underscoring a debt-free balance sheet.

The company operates exclusively in the PVC film segment, making segment reporting under Accounting Standard 17 inapplicable. Previous figures have been regrouped where necessary, and results comply with Indian Accounting Standards (Ind-AS) prescribed under Section 133 of the Companies Act, 2013.