Unaudited Financial Results for the quarter ended on 30th September, 2025 and submission of Limited Review Report thereon.
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Promact Plastics (formerly Promact Impex) reported weak Q2 FY26 results with revenue from operations of just Rs 8.13 lakh, down roughly 53% from Rs 17.40 lakh in Q2 FY25. The company posted a loss before tax of Rs 11.81 lakh in Q2 FY26, wider than the Rs 3.34 lakh loss a year ago, taking the H1 FY26 loss to Rs 26.34 lakh versus Rs 18.59 lakh in H1 FY25. The balance sheet remains stressed: total equity is negative at Rs (209.11) lakh, with reserves at Rs (860.29) lakh against share capital of Rs 651.18 lakh, while current liabilities of Rs 911.61 lakh far exceed current assets of Rs 523.30 lakh. The Board's auditor (Fenil P Shah & Associates) issued an unqualified limited review report, and the Board also appointed Mr. Jayantilal S. Patel, a promoter, as the new CEO effective 12 November 2025.
Negative net worth and widening losses point to serious financial distress and going-concern risk for shareholders. Despite a clean audit review, the gap between borrowings, liabilities, and eroded equity means investors should view this stock as high-risk; the new CEO appointment signals a possible restructuring push but execution and capital needs remain key overhangs.