Submission for Outcome of Board Meeting held on 07-August-2025, Inter-alia for approval of Unaudited Financial Results for the Quarter ended 30.06.2025.
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The Board of Polymechplast Machines Ltd, at its meeting on 7 August 2025, approved the standalone and consolidated unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations stood at Rs 1,197.59 lakhs, down roughly 16% from Rs 1,429 lakhs in Q1 FY25. The company reported a standalone net loss of Rs 25.09 lakhs (vs Rs 16.13 lakh loss in Q1 FY25) and a consolidated net loss of Rs 29.07 lakhs after share of associate's loss. The statutory auditor (CNK & Associates LLP) issued an unmodified review report with no qualifications. The Board also approved several leadership changes: Mahendrakumar Bhuva to be re-designated as Executive Chairman, Himmatlal Bhuva as Managing Director, and appointed Anand Bhuva (son of the Chairman) as Executive Director, along with Amit Shah as Non-Executive Independent Director. The 38th AGM is scheduled for 25 September 2025 via video conferencing.
The year-on-year revenue decline and widening quarterly losses may weigh on short-term investor sentiment, though the unchanged auditor and clean review report provide some comfort. The leadership reshuffle signals continuity at the promoter level with family succession (son joining the Board) — shareholders should note this related-party appointment and watch for execution on the next two quarters to confirm whether the Q1 weakness is seasonal or a deeper trend.