Pasupati Acrylons Limited has completed another significant share transfer under its NCLT-approved merger scheme, with MVA Finance Private Limited transferring 1,44,450 equity shares to Arihant Exports Private Limited. The company has filed the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming the completion of this inter-se transfer between promoter group entities.

NCLT-Approved Merger Implementation

The National Company Law Tribunal had sanctioned a scheme of amalgamation with an order dated September 23, 2025, consolidating several promoter group companies into Arihant Exports Private Limited. Under this approved scheme, MVA Finance Private Limited executed the transfer of 1,44,450 equity shares representing 0.16% stake through an off-market transaction without any monetary consideration.

Promoter Group Structure Changes

Following the amalgamation, MVA Finance Private Limited has ceased to be part of the promoter group of Pasupati Acrylon Limited. The company has confirmed that the aggregate shareholding of promoter and promoter group remains unchanged pre and post the transfer, maintaining the overall promoter stake structure despite the internal reorganization.

Regulatory Compliance and Corporate Restructuring

The disclosure has been filed by Company Secretary Bharat Kapoor, confirming full compliance with SEBI regulations. This represents part of the ongoing corporate restructuring that continues to streamline the promoter group's shareholding structure while ensuring transparency with stakeholders. The off-market transfer between promoter group companies maintains the consolidated ownership pattern under the NCLT-approved merger framework.

Pasupati Acrylon Limited (PAL) has announced its financial results for the quarter ended September 30, 2025, showcasing a remarkable improvement in its performance across key financial metrics.

Revenue Soars

The company reported a substantial increase in revenue from operations, which stood at Rs. 280.25 crore for Q2 FY2026, compared to Rs. 124.44 crore in the same quarter of the previous year, marking a significant year-on-year growth of 125.21%.

Profit Surge

PAL's net profit for the quarter witnessed an impressive jump to Rs. 16.20 crore, up from Rs. 2.73 crore in the corresponding quarter last year, representing a staggering 493.41% increase. This substantial growth in profitability underscores the company's improved operational efficiency and market performance.

Earnings Per Share

The company's earnings per share (EPS) saw a considerable rise, reaching Rs. 1.82 compared to Rs. 0.31 in the same quarter of the previous year, reflecting a 487.10% increase.

Segment-wise Performance

Pasupati Acrylon operates in three business segments, each contributing to the overall revenue:

The ethanol segment, a recent addition to the company's portfolio, has shown promising results, contributing significantly to the overall revenue.

Financial Position

As of September 30, 2025, PAL's total assets stood at Rs. 644.97 crore, indicating a robust financial position. The company's equity share capital remained unchanged at Rs. 89.13 crore, while other equity increased to Rs. 292.94 crore.

Management Commentary

The board of directors approved these unaudited financial results at their meeting held on November 7, 2025. The company noted that the current period's financial results are not directly comparable with previous periods due to the addition of a 150 KL per day Grain-based Distillery for Ethanol blended petrol as a new segment on March 25, 2025.

Conclusion

Pasupati Acrylon Limited's Q2 FY2026 results demonstrate strong growth across revenue and profitability metrics. The company's diversification into the ethanol segment appears to be yielding positive results, contributing significantly to its overall performance. These results may be viewed as encouraging by investors and market observers.

Note: All financial figures are in Indian Rupees (INR).