Polyplex Corporation Limited has scheduled a Board of Directors meeting for February 13, 2026, to review and consider the company's unaudited financial results for the third quarter of fiscal year 2026. The meeting will focus on both standalone and consolidated financial results for the quarter ended December 31, 2025.

Meeting Details and Regulatory Compliance

The board meeting has been announced in accordance with Regulation 29 of SEBI (LODR) Regulations, 2015, ensuring compliance with mandatory disclosure requirements for listed companies. The meeting is scheduled to be held on Friday, February 13, 2026.

Stakeholder Communication

Polyplex Corporation Limited has informed both major stock exchanges about the upcoming board meeting through formal communication dated January 29, 2026. The company has addressed the National Stock Exchange of India Limited (NSE) and BSE Limited, where its shares are listed under the symbol POLYPLEX and scrip code 524051 respectively.

The company has also committed to uploading the meeting notice on its official website at www.polyplex.com to ensure transparent communication with all stakeholders, including investors and regulatory authorities.

Corporate Information

The announcement was signed by Ashok Kumar Gurnani, Company Secretary of Polyplex Corporation Limited. The company operates from its corporate office located at B-37, Sector-1, Noida-201301, Distt. Gautam Budh Nagar, Uttar Pradesh, while maintaining its registered office at Lohia Head Road, Khatima - 262308, Distt. Udham Singh Nagar, Uttarakhand.

Polyplex Corporation Limited , a leading manufacturer of polyester films, reported a significant decline in its consolidated net profit for the second quarter, despite a marginal increase in revenue. The company's performance reflects the challenges faced in the global polyester film industry, including oversupply and tepid demand.

Financial Highlights

• Consolidated net profit fell sharply by 72% to Rs 247.00 million in Q2, compared to Rs 878.00 million in the same quarter last year.
• Revenue from operations increased marginally by 3% to Rs 17.90 billion, up from Rs 17.40 billion year-over-year.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) declined significantly to Rs 1.02 billion from Rs 1.90 billion in the corresponding quarter.
• EBITDA margin compressed to 5.72% from 10.98% in the same period last year.

Market Challenges

The company's performance was impacted by several factors:

1. Oversupply Situation: The polyester film industry is currently facing excess capacity, exerting pressure on EBITDA margins.
2. Tepid Demand: Higher inflation and recessionary pressures have led to subdued demand in key markets.
3. Competitive Pressures: Increased competition, particularly from China, has affected pricing and margins.
4. Tariff Uncertainties: Ongoing uncertainties related to tariffs have impacted the company's operations, especially in the U.S. market.

Operational Updates

• The company's new production line in the USA experienced a slower than budgeted ramp-up, contributing to the underperformance.
• Technical issues, including problems with regrind machines and automated packing systems, affected production efficiency.
• The company faced challenges in the U.S. market, including dealer reluctance and unsatisfactory on-time in-full (OTIF) deliveries.

Future Outlook

Polyplex Corporation faces ongoing challenges:

• The massive capacity buildup in China creates uncertainty on timelines for market correction.
• Efforts are underway to address operational issues and align production with market demand.
• The company anticipates potential quick recovery in certain segments, such as twist film demand, due to seasonal effects.

Polyplex Corporation's performance in the coming quarters will largely depend on its ability to navigate the oversupply situation, manage operational efficiencies, and capitalize on any improvements in global demand for polyester films.

Investors and stakeholders will be watching closely to see how the company adapts to these challenging market conditions and works towards improving its profitability in the coming quarters.