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.

Premier Polyfilm Limited , a manufacturer of flexible PVC flooring, film, and sheets, has released its unaudited financial results for the quarter and half-year ended September 30, 2025. The company's performance shows a mixed picture with revenue growth but a decline in profitability compared to the previous year.

Revenue and Operational Performance

Premier Polyfilm reported revenue from operations of ₹7,729.56 lakhs for the quarter ended September 30, 2025. The total income, including other operating income, stood at ₹8,413.00 lakhs, showing an improvement from the previous quarter's ₹7,497.00 lakhs.

Profitability and Expenses

Despite the revenue growth, the company's profitability saw a decline compared to the same quarter last year. The earnings per share (EPS) from continuing operations for Q2 FY2026 was ₹0.76, significantly lower than the ₹3.75 reported in Q2 FY2025.

Total expenses for the quarter amounted to ₹7,313.00 lakhs, with major components being:

Half-Year Performance

For the half-year ended September 30, 2025, Premier Polyfilm's earnings per share stood at ₹1.34. The company's total income for the first half of FY2026 reached ₹15,910.00 lakhs, compared to ₹15,137.00 lakhs in the same period last year.

Balance Sheet Highlights

As of September 30, 2025, Premier Polyfilm's financial position showed:

The company maintains a strong equity base, with total equity of ₹13,200.00 lakhs against total assets of ₹17,031.00 lakhs.

Management Commentary and Outlook

The Board of Directors approved these unaudited standalone financial results at their meeting held on November 10, 2025. The results were reviewed by the Audit Committee and received a limited review from the statutory auditors, MARS Associates.

In addition to the financial results, the company announced several corporate actions, including:

1. Appointment of Mrs. Mainka Sharma as an Additional Director (Non-Executive Independent) for a term of five years.
2. Reconstitution of various Board committees to include the new director.
3. Approval of related party transaction limits for the financial year 2026-2027.
4. Consideration of adding a new object clause to the Memorandum of Association related to warehousing and logistics business.

These actions suggest that Premier Polyfilm is looking to strengthen its governance structure and possibly diversify its business activities in the future.

While the company has shown resilience in its revenue growth, the decline in profitability may be a point of concern for investors. The management's focus on corporate governance and potential business expansion could be seen as positive steps towards long-term growth and stability.

Investors and stakeholders will likely keep a close eye on how Premier Polyfilm addresses the profitability challenges and capitalizes on its revenue growth in the coming quarters.