Ashish Polyplast Limited, a Gujarat-based manufacturer of PVC premium braided and suction hoses, has announced its unaudited financial results for the third quarter ended December 31, 2025. The results were approved by the Board of Directors in their meeting held on January 23, 2026, and have been subjected to limited review by statutory auditors.

Financial Performance Overview

The company demonstrated improved profitability despite facing revenue challenges during the quarter. Net profit increased substantially to Rs.15.17 lakhs in Q3FY26 compared to Rs.2.13 lakhs in the corresponding quarter of the previous year, representing a significant improvement in bottom-line performance.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company reported mixed results with revenue declining but maintaining healthy profitability levels.

Operational Highlights

The company's cost management initiatives showed positive results during the quarter. Cost of materials consumed decreased to Rs.312.88 lakhs in Q3FY26 from Rs.345.99 lakhs in Q3FY25. The company also benefited from favorable inventory changes, with a positive impact of Rs.15.08 lakhs compared to an adverse impact of Rs.32.72 lakhs in the previous year.

Other income for the quarter included a net unrealized gain of Rs.11.00 lakhs on mutual fund investments due to mark-to-market valuation under Ind AS 109. For the nine-month period, the company recorded a net unrealized gain of Rs.40.94 lakhs on mutual fund investments.

Regulatory and Compliance Updates

The company noted the implementation of four Labour Codes by the Government of India, which became effective from November 21, 2025. These codes consolidate 29 existing labour laws, though the supporting rules are yet to be notified. Management believes the impact, if any, is unlikely to be material.

The results have been prepared in accordance with Indian Accounting Standards (Ind AS) and have undergone limited review as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company operates primarily in the PVC pipes business, which constitutes a single reportable segment.

Ashish Polyplast Limited , a manufacturer of PVC premium braided and suction hoses, has announced significant corporate developments following a board meeting held on August 7. The company's Board of Directors convened to approve financial results and make key personnel changes.

Financial Performance

The board approved the unaudited financial results for the quarter ended June 30. Here are the key highlights:

Despite a decrease in revenue from operations, Ashish Polyplast Limited managed to improve its profitability, with net profit after tax increasing by 17.3% compared to the same quarter last year.

Corporate Governance Changes

In a significant move, the board accepted the resignation of Ms. Dipti Sharma from the position of Company Secretary. Following this, the board appointed Mrs. Krushi Jainam Sanghavi as the new Company Secretary and Compliance Officer, effective August 7.

New Company Secretary Profile

Mrs. Krushi Jainam Sanghavi brings valuable experience to her new role:

• Qualifications: Associate Member of the Institute of Company Secretaries of India (ICSI)
• Membership Number: A-46929
• Experience: Corporate legal compliance management, including ROC, SEBI, Stock Exchanges, RBI, and Labour Laws
• Skills: Preparation of corporate financial statements, board reports, and management discussion and analysis reports

The appointment of Mrs. Sanghavi is in compliance with Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ashish D Panchal, Chairman and Managing Director of Ashish Polyplast Limited, signed off on these developments, marking a new chapter in the company's corporate governance structure.

The company's shares are listed on the BSE with the scrip code 530429 and security ID ASHISHPO. Investors and stakeholders can find more detailed information about these developments on the company's website www.ashishpolyplast.com and the BSE website www.bseindia.com .