PANKAJ POLYMERS LTD.

Operates in the packaging and industrial products space, classified by the exchange under Capital Goods / Industrial Products / Packaging. In FY26, revenue was Rs 1.30 crore with materials accounting for 99.3% of revenue, employee cost 14.1%, other operating expenses 51.3% and depreciation 0.4% — indicating a thin-margin operation where raw materials are essentially the entire cost base. Capex was nil and the company carried no debt, with total assets of Rs 14.13 crore. A complete change of control took place in 2026: the existing Goel-family promoter group sold out through a Share Purchase Agreement dated 14 January 2026 and an open offer, with incoming promoters Sandeep Jain, Vikas Garg, Rahul Nagar and Himanshu Arora collectively acquiring 58.15% of voting capital. The entire old board and CFO resigned citing change in management, replaced by a new team led by CEO Mayank Chawla (background at Bharti Airtel, Paytm and Edenred) along with directors from fintech and RBI backgrounds. The board has approved a preferential issue of 8.55 lakh equity shares and 22.2 lakh convertible warrants at Rs 81 each, a proposed name change to a fintech-themed identity, shifting of the registered office from Telangana to Delhi, and alteration of the objects clause to add digital payments, BBPS, payment aggregation and IT services.