Please find enclosed outcome of the Board Meeting.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prima Plastics reported audited FY2026 standalone revenue of Rs.866.46 Cr, up 7% from Rs.809.59 Cr in FY2025. Standalone net profit from continuing operations surged 64% to Rs.84.38 Cr from Rs.51.37 Cr. Consolidated revenue was Rs.1,598.07 Cr with net profit of Rs.172.02 Cr, up 15%. The Board approved a 20% dividend (Rs.2 per share), subject to shareholder approval at the August 10, 2026 AGM. Statutory auditors issued an unmodified (clean) opinion on both standalone and consolidated results. Key governance changes include appointment of Shah Valera & Associates LLP as internal auditor for FY2026-27. The company also approved a corporate guarantee of Rs.28.86 Cr to Kotak Mahindra Bank on behalf of Prima Innovation Limited (demerged entity), subject to shareholder approval. This quarter, the NCLT sanctioned the demerger of the Rotational Moulding business to Prima Innovation Limited, effective March 31, 2026, with appointed date July 1, 2024. Prior period figures have been restated for discontinued operations.
Strong profitability growth (64% PAT growth standalone) with clean audit opinion is positive. The demerger of the Rotational Moulding business reshapes the company's operational structure. The Rs.28.86 Cr corporate guarantee to the demerged entity warrants monitoring for contingent liability implications.