The Board has decided to hold the 32nd Annual General Meeting of the Company on Monday, August 10, 2026 at 11:00 AM (IST) through VC/ OAVM.
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Prima Plastics reported FY26 standalone PAT of Rs 640.97 lakh, up 51.7% from Rs 422.45 lakh in FY25, driven by 7% revenue growth to Rs 8,664.59 lakh and lower finance costs. Consolidated PAT (continuing operations) stood at Rs 1,990.95 lakh. The company completed the demerger of its Rotational Moulding business to Prima Innovation Limited (PIL) effective March 31, 2026 (appointed date July 1, 2024), with assets of Rs 2,893.89 lakh transferred. PIL ceased to be a subsidiary upon demerger. The Board recommended a final dividend of Rs 2 per share (20%) subject to shareholder approval at the 32nd AGM on August 10, 2026. An internal auditor (Shah Valera & Associates LLP) was appointed. The company also approved a corporate guarantee of Rs 28.86 crore to Kotak Mahindra Bank for PIL's term loan and working capital facility, subject to shareholder approval. Statutory auditors issued an unmodified opinion on both standalone and consolidated results.
Strong PAT growth of 51.7% and clean audit opinion are positives. The demerger restates prior period figures, so investors should compare continuing operations carefully. The Rs 28.86 crore corporate guarantee for a demerged entity requires shareholder approval and creates contingent liability exposure.