PBM Polytex Limited has announced a board meeting to approve its quarterly financial results, demonstrating the company's commitment to regulatory compliance and transparent financial reporting.

Board Meeting Details

The company has scheduled a board meeting under Regulation 29(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting specifics are outlined below:

Financial Results Approval

The primary agenda of the board meeting focuses on approving the unaudited financial results for the third quarter of FY26. The board will review and approve both standalone and consolidated financial statements covering the quarter and nine months period ended December 31, 2025. This regulatory requirement ensures timely disclosure of financial performance to stakeholders and maintains transparency in corporate governance.

Trading Window Restrictions

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct for Prevention of Insider Trading, specific trading restrictions are in place:

Corporate Compliance

The announcement was signed by Swati Billore, Company Secretary and Compliance Officer (FCS 8321), and submitted to BSE Limited under the company's listing code 514087. The company maintains its registered office at Opp. Station, Post Petlad – 388450, Dist: Anand, Gujarat, while the corporate office is located in Vadodara. This structured approach to regulatory compliance reflects the company's adherence to corporate governance standards and commitment to maintaining transparency with stakeholders and regulatory authorities.

PBM Polytex Limited has informed BSE about an Industrial Tribunal order that creates a contingent liability of Rs 1.50 crore for the textile company. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015 on January 30, 2026.

Industrial Tribunal Order Details

The Industrial Tribunal of Madhya Pradesh, Indore passed an order on January 29, 2026, in favor of two labor unions. The dispute originated from wage revision demands raised by Kamgar Sangh PBM (BMS Union) and Sangharsh Karmgar Sangh (CIT Union) at the company's unit 'BLP Super Spinners'.

Financial Impact Assessment

The tribunal's decision creates significant financial implications for PBM Polytex. The estimated contingent liability amounts to Rs 1.50 crore, though the company has taken proactive measures to address this exposure.

The company had already made provisions of around Rs 73 lacs in earlier years against this potential liability, demonstrating prudent financial management and anticipation of possible adverse outcomes.

Company's Response Strategy

PBM Polytex is not accepting the tribunal's decision and has outlined its legal strategy. The company is examining the order in consultation with its legal advisors and plans to file an appeal before the Madhya Pradesh High Court, challenging the Industrial Tribunal's ruling.

This legal challenge indicates the company's confidence in its position and willingness to pursue all available legal remedies to contest the wage revision demands made by the unions.

Regulatory Compliance

The disclosure was made pursuant to SEBI circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, and was signed by Company Secretary and Compliance Officer Swati Billore. The timely disclosure demonstrates the company's commitment to maintaining transparency with stakeholders regarding material developments that could impact its financial position.