Premier Polyfilm Limited delivered impressive financial results for the third quarter of FY26, demonstrating strong operational performance across key metrics. The flexible PVC flooring, film and sheets manufacturer reported significant growth in both revenue and profitability, reinforcing its market position in the packaging industry.

Strong Financial Performance in Q3FY26

The company's quarterly performance showed robust growth across all major financial parameters:

The company's total expenses for the quarter stood at ₹7,787 lakhs compared to ₹6,165 lakhs in the corresponding quarter of the previous year. Cost of materials consumed increased to ₹4,874 lakhs from ₹3,584 lakhs, reflecting higher business volumes and input costs.

Nine-Month Performance Highlights

For the nine-month period ended December 31, 2025, Premier Polyfilm maintained its growth trajectory:

The company's debt-equity ratio improved to 0.11 in Q3FY26 from 0.19 in the corresponding quarter of the previous year, indicating stronger financial health. The debt service coverage ratio stood at 15.18, demonstrating robust cash generation capabilities.

Board Changes and Corporate Governance

In a separate development, Mr. Umesh Kumar Agarwalla resigned from his position as Non-Executive Independent Director effective January 12, 2026. His resignation was attributed to increasing business engagements and professional commitments that limited his ability to devote sufficient time to board responsibilities.

Mr. Agarwalla confirmed that there were no material reasons for his resignation beyond those mentioned in his resignation letter dated January 8, 2026.

Operational Efficiency and Market Position

Premier Polyfilm's business model focuses on manufacturing flexible PVC flooring, films and sheets, operating as a single business segment. The company demonstrated improved operational efficiency with employee benefit expenses rising modestly to ₹755 lakhs in Q3FY26 from ₹673 lakhs in Q3FY25, while revenue growth significantly outpaced cost increases.

Finance costs decreased to ₹21 lakhs from ₹26 lakhs year-on-year, reflecting improved working capital management. The interest service coverage ratio of 58.37 in Q3FY26 compared to 35.15 in Q3FY25 indicates strong earnings relative to interest obligations.

Financial Stability Indicators

The company maintained a stable capital structure with paid-up equity share capital of ₹1,059 lakhs and reserves of ₹10,728 lakhs. Total comprehensive income for the quarter reached ₹873 lakhs, supported by consistent operational performance and effective cost management strategies.

Premier Polyfilm Limited , a manufacturer of vinyl flooring, PVC sheeting, PVC geomembranes, and PVC artificial leather, has formally completed the appointment of Mrs. Mainka Sharma as Non-Executive Independent Director following successful postal ballot approvals. The company announced the regulatory compliance on January 01, 2026, marking significant progress in its corporate governance and strategic expansion initiatives.

Formal Director Appointment Completed

Following the successful postal ballot process, Premier Polyfilm has formally disclosed the appointment of Mrs. Mainka Sharma as Non-Executive Independent Director under Regulation 30 of SEBI (LODR) Regulations, 2015. The appointment, effective from November 10, 2025, for a five-year term until November 09, 2030, has been communicated to both BSE and NSE exchanges.

Mrs. Sharma brings over 20 years of experience in Investment Advisory and Portfolio Management, with an MBA in Finance from IMT Ghaziabad and a Bachelor's degree from Delhi University. She currently serves as Proprietor of Mahalakshmi Invest Care and Managing Director of Mahalaxmi Edge Distributor Private Limited, with previous associations at ICICI Securities Ltd. and Zuarimoney Private Ltd.

Postal Ballot Results and Shareholder Approval

The postal ballot process, conducted through remote e-voting from December 02, 2025, to December 31, 2025, received overwhelming shareholder support across all three resolutions. CS Sumit Bajaj of M/s Sumit Bajaj and Associates served as the scrutinizer for the process, ensuring transparency and compliance with regulatory requirements.

The cut-off date for voting eligibility was November 28, 2025, with a total of 104,742,475 shares outstanding. The voting process saw participation from both promoter groups and public institutional investors.

Strategic Business Expansion Approved

In a significant development, shareholders have approved the addition of warehousing and logistics to the company's main object clause in the Memorandum of Association. This strategic move signals Premier Polyfilm's intent to diversify beyond its traditional manufacturing operations into the logistics sector, potentially opening new revenue streams.

Related Party Transaction Approval

Shareholders have also approved material related party transactions with M/s RMG Polyvinyl India Limited for the financial year 2026-2027. Notably, promoter groups abstained from voting on this resolution due to their interest in the matter, with only public institutional investors participating in the voting process.

Financial Performance Context

The approvals come on the back of steady financial performance, with the company's Q2 FY2026 revenue from operations at ₹8,317.00 lakhs and net profit of ₹801.00 lakhs. The company's half-yearly performance showed total revenue of ₹15,761.00 lakhs and net profit of ₹1,401.00 lakhs.

With all resolutions approved and the formal regulatory disclosures completed, Premier Polyfilm is positioned to implement its expansion plans and strengthen its market presence across multiple business segments under enhanced board oversight.