L.K.MEHTA POLYMERS LIMITED

Manufactures and trades plastic ropes and plastic granules from a base in Ratlam, Madhya Pradesh, with the bulk of disclosed commercial activity covering the sale, purchase and job work of these products. Revenue from operations grew from Rs 1,896.58 lakhs in FY25 to Rs 2,919.32 lakhs in FY26. A material related-party transaction with M/s Kamlesh Industries — a proprietorship of the Managing Director — covering plastic ropes and plastic granuels is capped at Rs 10 crore for FY26, equivalent to about 52% of FY25 consolidated turnover. The company went public via an IPO on 21 February 2025, raising Rs 7.38 crore; by 31 March 2026, Rs 7.28 crore had been deployed, mostly for working capital (including Rs 207.32 lakh on raw materials in H1 FY26) with Rs 10 lakh parked in an HDFC Bank fixed deposit. To diversify beyond polymers, it incorporated a wholly owned subsidiary, L.K. Mehta Green Private Limited, targeting solar, wind, bio-energy, plastic recycling and sustainable technologies, with an initial Rs 1 lakh subscription. Materials account for 12.7% of revenue, employee costs 0.5%, other opex 6.6% and capex 0.8%, while trade receivables rose from Rs 609.33 lakhs to Rs 1,389.71 lakhs and short-term borrowings from Rs 474.08 lakhs to Rs 870.30 lakhs over FY26.