Promact Plastics Limited (formerly known as Promact Impex Limited) has officially submitted its unaudited financial results for the third quarter ended December 31, 2025, revealing a challenging operational period marked by significant revenue decline and widened losses. The company operates in the plastics manufacturing sector and is listed on BSE with company code 526494.

Financial Performance Overview

The quarterly results demonstrate a stark deterioration in the company's financial performance across key metrics:

Expense Analysis

Despite the sharp revenue decline, the company's expense structure remained elevated, contributing to the widened losses. Total expenses for Q3FY26 stood at ₹23.08 lakh compared to ₹18.37 lakh in Q3FY25.

Finance costs represented the largest expense component at ₹12.62 lakh, while other expenses increased significantly to ₹6.50 lakh from ₹2.87 lakh in the previous year.

Nine-Month Cumulative Performance

The nine-month period ending December 31, 2025, reflected similar challenges with cumulative revenue from operations declining to ₹16.14 lakh from ₹57.77 lakh in the corresponding period of the previous year. The company reported cumulative losses of ₹47.64 lakh compared to losses of ₹3.42 lakh in 9M previous year.

Earnings Per Share Impact

The deteriorated financial performance significantly impacted earnings per share metrics:

The company maintains a paid-up equity share capital of ₹651.18 lakh with a face value of ₹10.00 per share.

Corporate Governance and Submission

The unaudited financial results were reviewed by the audit committee and approved by the Board of Directors in their meeting held on February 14, 2026. The meeting commenced at 2:15 p.m. and concluded at 2:45 p.m. Managing Director Ankit J. Patel (DIN: 02351167) signed the submission documents. The results were submitted to BSE Limited under Regulation 33 of the SEBI (LODR) Regulations, 2015, along with a Limited Review Report from Fenil P Shah and Associates, Chartered Accountants.

Promact Impex Limited , a company listed on the BSE, has initiated a postal ballot process to seek shareholder approval for changing its name to 'Promact Plastics Limited'. This move comes as part of the company's corporate rebranding efforts, aimed at making the company's name more focused and aligned with its business activities.

Key Details of the Proposed Change

The Board of Directors of Promact Impex Limited approved the decision to change the company's name on July 23, 2025. The company has already received availability confirmation for the new name 'Promact Plastics Limited' from the Central Registration Centre, Registrar of Companies / Ministry of Corporate Affairs on August 13, 2025.

Shareholder Approval Process

The company is conducting the approval process through a postal ballot, with voting to be done electronically. The e-voting period is set to run from September 11, 2025 (9:00 AM) to October 10, 2025 (5:00 PM). Shareholders on record as of September 5, 2025, will be eligible to participate in the voting process.

Impact on Company Operations

According to the postal ballot notice, the proposed name change will not affect the legal status, constitution, operations, or activities of the company. Additionally, it will not impact any rights or obligations of the company or its shareholders. All existing share certificates bearing the current name will remain valid after the change.

Rationale for the Name Change

The company states that the name change is part of a corporate rebranding initiative. The Directors believe that the new name, 'Promact Plastics Limited', will make the company's identity simpler, sharper, and more focused.

Regulatory Compliance

Promact Impex Limited has assured compliance with all relevant regulations, including those set by the Securities and Exchange Board of India (SEBI) and the Companies Act, 2013. The company has appointed Mr. Kashyap R. Mehta, and in his absence, Mr. Yash K. Mehta, as scrutinizers to oversee the fair conduct of the voting process.

Next Steps

If approved by shareholders, the company will proceed with the necessary legal and regulatory procedures to effect the name change. This will include obtaining a fresh Certificate of Incorporation and updating all relevant documents and records with the new name.

The outcome of the postal ballot is expected to be announced within two working days from the conclusion of the e-voting period. Shareholders and interested parties can monitor the company's website and stock exchange filings for further updates on this corporate action.