The Board of Directors in their meeting held today, have taken on record the Unaudited Financial Results for the quarter ended on 30th September, 2025 and others matters.
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The board of Promact Plastics approved its unaudited financial results for the quarter ended 30 September 2025. Revenue from operations fell sharply to Rs 8.13 lakh in Q2 FY26, down from Rs 17.40 lakh in Q2 FY25 (a roughly 53% decline). The company posted a net loss of Rs 11.81 lakh for the quarter and Rs 26.34 lakh for H1 FY26, widening from Rs 18.59 lakh loss in H1 FY25. EPS stood at Rs (0.18). Total equity is deeply negative at Rs (209.11) lakh with reserves at Rs (860.29) lakh, while current borrowings are Rs 413.24 lakh. The board also appointed Mr. Jayantilal S. Patel, a promoter, as the new CEO effective 12 November 2025. The auditor's limited review report is clean with no qualifications.
Sharp revenue drop, widening losses, and negative net worth raise serious going-concern concerns for shareholders, even though operating cash flow remained modestly positive at Rs 22.85 lakh. The CEO appointment is a governance event but does not address the underlying financial weakness; expect continued stock-price pressure and investor scrutiny.