We Wish to inform you that the Board of Directors of the Company at its meeting held today, on Friday, 14th November, 2025, at registered office of the Company, which commenced at 1:00 ....
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The Board of Directors of L.K.Mehta Polymers Ltd met on 14th November 2025 and approved the un-audited financial results for the half year ended 30th September 2025 along with a Limited Review Report from the statutory auditor (DCJ & Associates), which contained a clean review with an 'Other Matter' paragraph. The company also approved a postal ballot notice, appointed a scrutinizer, fixed 14th November 2025 as the cut-off date for shareholder eligibility, and named CDSL as the e-voting agency. For H1 FY26, revenue from operations jumped to Rs 1,527.40 lakhs from Rs 710.70 lakhs in H1 FY25 — more than doubling (roughly 115% growth). Profit after tax rose modestly to Rs 29.97 lakhs from Rs 25.31 lakhs (about 18% growth), with profit before tax at Rs 40.47 lakhs versus Rs 33.85 lakhs. Total revenue stood at Rs 1,545.14 lakhs. The balance sheet shows total equity of about Rs 1,117 lakhs and short-term borrowings of Rs 484.59 lakhs. Trade receivables rose sharply to Rs 1,143.60 lakhs from Rs 609.33 lakhs, while inventories climbed to Rs 490.95 lakhs from Rs 355.03 lakhs. Cash and bank equivalents plunged from Rs 506.40 lakhs to Rs 96.87 lakhs. Net cash flow from operating activities was deeply negative at Rs (397.49) lakhs versus Rs (34.72) lakhs in the prior period, mainly driven by a sharp build-up in trade receivables and inventories.
The very strong top-line growth is a positive signal, but muted bottom-line growth (~18% PAT increase despite revenue doubling) and a sharply negative operating cash flow raise concerns about cash quality. The postal ballot suggests shareholders need to watch for a forthcoming item requiring their vote.