Polymechplast Machines Limited , a manufacturer of plastic processing machinery, has announced its financial results for the second quarter of fiscal year 2026, revealing a shift from profit to loss compared to the same period last year.

Financial Performance

The company reported a standalone net loss of Rs 3.52 lakhs for the quarter ended September 30, 2025, a significant downturn from the net profit of Rs 55.16 lakhs recorded in the corresponding quarter of the previous year. On a consolidated basis, the net loss widened to Rs 21.60 lakhs, compared to a profit of Rs 55.46 lakhs in Q2 FY2025.

Revenue from operations for the quarter stood at Rs 1,497.08 lakhs on a standalone basis. While year-on-year comparative revenue figures were not provided, the company's performance indicates a challenging quarter.

Key Financial Metrics

Here's a breakdown of the key financial metrics for Q2 FY2026:

Segment Information

Polymechplast Machines Limited operates exclusively in the manufacturing of plastic processing machines, which remains its sole business segment.

Board Approval

The unaudited financial results were reviewed by the company's statutory auditors and approved by the Board of Directors in their meeting held on November 12, 2025.

Balance Sheet Highlights

As of September 30, 2025, the company reported:

• Total Assets: Rs 4,909.17 lakhs (consolidated)
• Total Equity: Rs 2,456.63 lakhs (consolidated)
• Current Liabilities: Rs 2,258.54 lakhs (consolidated)

Cash Flow Statement

The consolidated cash flow statement for the half-year ended September 30, 2025, showed:

• Net cash from operating activities: Rs 75.57 lakhs
• Net cash used in investing activities: Rs (242.38) lakhs
• Net cash from financing activities: Rs 16.89 lakhs

The net decrease in cash and cash equivalents for the period was Rs 149.92 lakhs.

Conclusion

Polymechplast Machines Limited's Q2 FY2026 results reflect a challenging period for the company, with a transition from profit to loss both on standalone and consolidated bases.

Polymechplast Machines , a prominent player in the plastic processing industry, and Polychem Limited have announced significant changes to their leadership teams. Both companies' shareholders approved these appointments at their respective Annual General Meetings (AGMs).

Polymechplast Machines Leadership Changes

Executive Chairman Appointment

Mahendrakumar Ravjibhai Bhuva, a veteran in the plastic manufacturing industry, has been appointed as the Executive Chairman of Polymechplast Machines for a three-year term. This appointment marks a transition for Bhuva, who has been associated with the company since 1998 and previously served as the Managing Director.

New Managing Director

Simultaneously, Himmatlal Parshottambhai Bhuva has been appointed as the Managing Director of the company for the same three-year period. Himmatlal Bhuva brings over 35 years of extensive expertise in plastic processing injection and blow moulding machines. His appointment was recommended by the Nomination and Remuneration Committee and approved by the Board of Directors.

Leadership Experience and Shareholding

Mahendrakumar Bhuva's appointment as Executive Chairman comes with a wealth of experience. He has played a pivotal role in steering the strategic direction and growth of the company, maintaining robust performance even during challenging market conditions. Bhuva holds 648,742 equity shares in the company, demonstrating his significant stake in Polymechplast Machines' success.

Himmatlal Bhuva, the new Managing Director, has been associated with the company since 1998 and previously served as Whole-Time Director. He holds 377,650 equity shares in the company and has no relationships with other directors.

Polychem Limited Appointment

Polychem Limited has appointed Mr. Anand Mahendrabhai Bhuva as an Executive Director for a three-year term from August 7, 2025 to August 6, 2028. The appointment was approved by shareholders at the 38th Annual General Meeting held on September 25, 2025.

Background of Anand Mahendrabhai Bhuva

Mr. Bhuva holds a Bachelor's degree in Business Administration from Maharaja Sayajirao University of Baroda and has advanced certifications in Supply Chain Management and International Business Management from Canada. He brings over 3.5 years of experience in the plastic manufacturing industry, specializing in production and process management of injection moulding machines, and has recently entered the aluminum die-casting segment.

Mr. Bhuva is the son of Mr. Mahendrakumar Bhuva, the Chairman of Polychem Limited, and holds 590,940 shares representing 10.55% shareholding in the company.

Corporate Governance and Compliance

Both companies have affirmed that the newly appointed directors are not debarred from holding office by any order of SEBI or any other authority. Polymechplast Machines also approved the appointment of M/s. Devesh Pathak & Associates as Secretarial Auditors for a five-year term.

These leadership changes and appointments reflect both companies' commitment to strong corporate governance and strategic growth in the plastic processing industry. The new leadership teams are poised to guide their respective companies through their next phase of development and market challenges.