Outcome of Board Meeting held on 13.02.2026
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The Board approved unaudited standalone and consolidated results for Q3 and nine months ended December 31, 2025. Standalone revenue from operations fell sharply to Rs 379.65 lakhs in Q3 FY26 from Rs 716.22 lakhs in Q3 FY25, while standalone profit after tax dropped to Rs 30.57 lakhs from Rs 134.45 lakhs. Consolidated revenue for the nine months declined to Rs 2,900.79 lakhs vs Rs 3,244.96 lakhs last year, with nine-month consolidated PAT at Rs 162.69 lakhs vs Rs 353.48 lakhs. The Plastic Division swung to a Rs 150.02 lakh loss in 9M FY26 from a profit of Rs 18.53 lakhs last year, and the Machine Division's 9M segment profit also fell. The results include an exceptional item. Separately, Chairman & Managing Director Mr. Dharmesh Desai has additionally been appointed as CFO and KMP. The Board fixed March 6, 2026 as the record date for a 1:2 stock split (Rs 10 face value to Rs 5 face value).
Sharply lower revenues and profits, especially in the Plastic Division which slipped into a loss, are negative for the stock in the near term. The stock split may improve retail liquidity, but the consolidation of CMD and CFO roles with the promoter raises governance optics for shareholders to watch.