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Prima Plastics Ltd. Earnings Release 2026
61708_rns_2026-05-20_c3654525-3960-4745-adaa-c93c3c374760.pdf
Earnings Release
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PRIMA
May 20, 2026
To,
BSE Limited,
Listing Centre,
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400001.
Scrip Code – 530589
Scrip Symbol – PRIMAPLA
Sub: Outcome of the Board Meeting held on May 20, 2026
Ref: Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015
Dear Sir/ Madam,
Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we hereby inform that the Board of Directors of the Company, at its meeting held today, i.e. May 20, 2026, inter alia, considered and approved the following:
- Financial Results:
Pursuant to Regulation 33 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), we attach the Audited Financial Results (Consolidated and Standalone) for the Quarter and Year ended March 31, 2026, along with Independent Auditor Report thereon.
The said Financial Results were duly reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company, at their respective meetings held today i.e. May 20, 2026. The link of the webpage containing Audited Financial Results are also being published in the newspapers, in the format prescribed under Regulation 47 of the SEBI Listing Regulations and same are being uploaded on the website of the Company, i.e., www.primaplastics.com.
We further confirm that the Auditor Report issued by the statutory Auditors on Consolidated and Standalone Financial Results of the Company for the Quarter and Year ended March 31, 2026 is with unmodified opinion.
Please note that in terms of Prima Plastics Code of Conduct for Prohibition of Insider Trading, the window for trading in shares of the Company by its employees and Directors will open on May 22, 2026.
- Dividend:
The Company has recommended a final dividend at the rate of 20%, i.e., Rs.2/- per equity share of Rs.10 each fully paid up for the Financial Year ended March 31, 2026, which is subject to the approval of the shareholder at the ensuing Annual General Meeting ("AGM") of the Company.
+91 260 2221845 / 0445
+91 22 28574768 / 69
www.primaplastics.com
PRIMA PLASTICS LTD.
REGD. OFFICE & WORKS: 98/4, Prima House, Daman Industrial Estate, Kadaiya, Daman-396210 (UT)
CORP.OFFICE: 41, National House, OPP. Ansa 'A' Bldg, Saki Vihar Road, Powai, Mumbai-400072 (India)
MFG. OF: MOULDED FURNITURE & ROTO MOULDED PRODUCTS
CIN L25206DD1993PLC001470 • GOVT. RECOG.ONE STAR EXPORT HOUSE
PRIMA
3. Appointment of Internal Auditor:
The Board has considered and approved appointment of M/s Shah Valera & Associates LLP, Chartered Accountants as Internal Auditor of the Company for a term of one (1) year for F.Y. 2026-2027 based on recommendation of Audit Committee and approval of Board of Directors at their meeting held today, i.e., May 20, 2026. The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are annexed herewith as Annexure – I.
4. 32nd Annual General Meeting of the Company:
The Board of Directors of the Company have decided to hold 32nd Annual General Meeting (AGM) of the Company on Monday, August 10, 2026, at 11:00 A.M. (IST) through Video Conferencing ("VC")/ Other Audio-Visual Means ("OAVM") in accordance with relevant circulars issued by the Ministry of Corporate Affairs, Government of India and Securities and Exchange Board of India.
5. Appointment of Scrutinizer for 32nd Annual General Meeting of the Company:
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, the Company at its meeting held today, i.e., May 20, 2026, inter alia appointed Mr. Prashant Diwan, Practicing Company Secretary as the scrutinizer to scrutinize the remote e-voting and voting process in a fair and transparent manner in connection with 32nd Annual General Meeting of the company to be held on Monday, August 10, 2026.
6. Book Closure and Record Date for Dividend:
| Date of AGM | Book Closure Date | Purpose of Book Closure |
|---|---|---|
| Monday, August 10, 2026 | From Tuesday, August 04, 2026 to Monday, August 10, 2026 (both days inclusive) | Annual General Meeting and Dividend |
The members whose names appear in the Register of Members/ List of Beneficial Owners of the Company as at the close of business hours on Monday, August 03, 2026, i.e., the cut-off date, shall be eligible for receipt of dividend, if approved.
The Record Date for final dividend for the financial year ended March 31, 2026 shall be Monday, August 03, 2026.
7. Approval for Provision of Corporate Guarantee Subject to Approval of Shareholders
In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular bearing ref. no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 ('the SEBI Circular'), we hereby inform you that the Board approved the issuance of Corporate Guarantee to Kotak Mahindra Bank Limited on behalf of Prima Innovation Limited (Group Company) amounting to Rs.28.86 crores, subject to further approval of the shareholders at the AGM proposed to be held on August 10, 2026.
The requisite details as per SEBI circular are annexed herewith as Annexure – II.
+91 260 2221845 / 0445
+91 22 28574768 / 69
www.primaplastics.com
PRIMA PLASTICS LTD.
REGD. OFFICE & WORKS: 98/4, Prima House, Daman Industrial Estate, Kadaiya, Daman-396210 (UT)
CORP.OFFICE: 41, National House, OPP. Ansa 'A' Bldg, Saki Vihar Road, Powai, Mumbai-400072 (India)
MFG. OF: MOULDED FURNITURE & ROTO MOULDED PRODUCTS
CIN L25206DD1993PLC001470 • GOVT. RECOG. ONE STAR EXPORT HOUSE
PRIMA
The Board Meeting commenced today at 02:30 P.M (IST) and concluded at 04:35 P.M (IST).
The above documents will also be uploaded on the Company's website.
Thanking you,
Yours sincerely,
For Prima Plastics Limited
NEHAL
GOYAL
Nehal Goyal
Company Secretary & Compliance Officer
M. No: A79764
Encl: A/a
+91 260 2221845 / 0445
+91 22 28574768 / 69
www.primaplastics.com
[email protected]
PRIMA PLASTICS LTD.
REGD. OFFICE & WORKS: 98/4, Prima House, Daman Industrial Estate, Kadaiya, Daman-396210 (UT)
CORP.OFFICE: 41, National House, OPP. Ansa 'A' Bldg, Saki Vihar Road, Powai, Mumbai-400072 (India)
MFG. OF: MOULDED FURNITURE & ROTO MOULDED PRODUCTS
CIN L25206DD1993PLC001470 • GOVT. RECOG.ONE STAR EXPORT HOUSE
PRIMA
Annexure – I
The details required under Regulation 30 of SEBI (LODR) Regulations, 2015 read along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
| Sr. No | Particulars | Details |
|---|---|---|
| 1. | Reason for Change | Appointment of Shah Valera & Associates LLP due to expiry of term of current Internal Auditor |
| 2. | Date of Appointment | May 20, 2026 |
| 3. | Brief Profile (in case of appointment) | Shah Valera & Associates LLP, Chartered Accountants is an institution of experts offering a broad range of professional services. The firm has experience of more than 10 years in conducting Internal Audit, Statutory Audit, Management Audit, etc. The firm specializes in the conduct of Integrated Internal Audits, Statutory Audits, Management Audits, and other consultancy assignments. |
+91 260 2221845 / 0445
+91 22 28574768 / 69
www.primaplastics.com
PRIMA PLASTICS LTD.
REGD. OFFICE & WORKS: 98/4, Prima House, Daman Industrial Estate, Kadaiya, Daman-396210 (UT)
CORP.OFFICE: 41, National House, OPP. Ansa 'A' Bldg, Saki Vihar Road, Powai, Mumbai-400072 (India)
MFG. OF: MOULDED FURNITURE & ROTO MOULDED PRODUCTS
CIN L25206DD1993PLC001470 • GOVT. RECOG.ONE STAR EXPORT HOUSE
PRIMA
Annexure – II
The details required under Regulation 30 of SEBI (LODR) Regulations, 2015 read along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
| Sr. No | Particulars | Details |
|---|---|---|
| 1. | Name of party for which such guarantees or indemnity or surety has been given | Approval for issuance of the Corporate Guarantee to Kotak Mahindra Bank Limited on behalf of Prima Innovation Limited (Group Company) subject to shareholders’ approval |
| 2. | Whether the promoter/promoter group/ group companies have any interest in this transaction? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” | The Promoter or Promoter group or any other company in the group does not have any interest in this transaction. |
| 3. | Brief details of such guarantee or indemnity or becoming a surety | The Company is required to issue a Corporate Guarantee of Rs.28.86 crores to Kotak Mahindra Bank Limited on behalf of Prima Innovation Limited to cover the term loan and working capital facility sanctioned by the bank. |
| 4. | Impact of such guarantees or indemnity or surety on listed entity | There is no material impact of the issuance of the abovementioned corporate guarantee on the Company. |
+91 260 2221845 / 0445
+91 22 28574768 / 69
www.primaplastics.com
PRIMA PLASTICS LTD.
REGD. OFFICE & WORKS: 98/4, Prima House, Daman Industrial Estate, Kadaiya, Daman-396210 (UT)
CORP.OFFICE: 41, National House, OPP. Ansa 'A' Bldg, Saki Vihar Road, Powai, Mumbai-400072 (India)
MFG. OF: MOULDED FURNITURE & ROTO MOULDED PRODUCTS
CIN L25206DD1993PLC001470 • GOVT. RECOG. ONE STAR EXPORT HOUSE
PRIMA PLASTICS LIMITED
Regd. Office: 98/4, Prima House, Daman Industrial Estate, Kadaiya, Nani Daman (U.T.)-396210.
CIN : L25206DD1993PLC001470 [email protected] www.primaplastics.com
STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE THREE MONTHS AND YEAR ENDED MARCH 31, 2026
(₹ in Lakhs except per share data)
| Sr.
No. | PARTICULARS | Three Months Ended | | | Year Ended | |
| --- | --- | --- | --- | --- | --- | --- |
| | | 31-03-26 | 31-12-25 | 31-03-25 | 31-03-26 | 31-03-25 |
| | | Audited
(Refer Note 4) | Unaudited | Audited
(Refer Note 4) | Audited | Audited |
| 1 | Continue Operations | | | | | |
| | (a) Revenue from Operations | 4,670.03 | 4,351.87 | 4,327.36 | 15,980.67 | 14,265.10 |
| | (b) Other Income | 17.36 | 17.38 | 10.34 | 114.53 | 38.12 |
| | Total Income | 4,687.39 | 4,369.25 | 4,337.70 | 16,095.20 | 14,303.22 |
| 2 | Expenditure | | | | | |
| | (a) Cost of Materials Consumed | 2,171.59 | 2,140.09 | 2,350.53 | 8,033.56 | 7,834.01 |
| | (b) Purchases of Stock in Trade | 73.11 | 35.01 | 17.70 | 175.51 | 94.27 |
| | (c) Changes in Inventories of Finished goods, Work-in-Progress and Stock-in-Trade | 84.98 | 112.93 | (19.84) | 128.79 | (257.49) |
| | (d) Employee Benefits Expense | 497.89 | 478.81 | 503.51 | 1,806.97 | 1,710.07 |
| | (e) Finance Costs | 39.12 | 60.64 | 69.03 | 219.18 | 262.31 |
| | (f) Depreciation and Amortisation Expense | 141.21 | 138.89 | 126.33 | 541.05 | 476.02 |
| | (g) Other Expenses | 863.32 | 858.88 | 751.68 | 3,118.38 | 2,847.93 |
| | Total Expenses | 3,871.22 | 3,825.25 | 3,798.94 | 14,023.44 | 12,967.12 |
| 3 | Profit/(Loss) before exceptional item, Share in Profit of Joint Venture and tax of Continue Operation(1-2) | 816.17 | 544.00 | 538.76 | 2,071.76 | 1,336.10 |
| 4 | Exceptional Item | - | - | - | - | - |
| 5 | Share in Profit of Joint Venture (net of tax) | 312.64 | 199.30 | 430.97 | 898.67 | 1,119.74 |
| 6 | Profit/(Loss) before tax from Continue Operations (3+4+5) | 1,128.81 | 743.30 | 969.73 | 2,970.43 | 2,455.84 |
| 7 | - Tax Expenses | 188.39 | 139.09 | 185.13 | 639.04 | 462.49 |
| | - Deferred Tax | - | (10.24) | - | - | - |
| | - Tax adjustment of earlier years | 15.65 | (13.63) | - | 2.02 | 78.16 |
| 8 | Net Profit/(Loss) after tax for the period from Continue Operation(6-7) | 924.77 | 617.84 | 784.60 | 2,329.37 | 1,915.19 |
| 9 | Discontinue Operations (Refer Note 1) | | | | | |
| | Profit before tax from discontinued operations | (1.28) | (112.71) | 17.47 | (270.02) | (95.03) |
| 10 | Tax expense from discontinued operations | 0.40 | (28.37) | 24.51 | (67.24) | (3.81) |
| 11 | Profit after tax for the year from discontinued operations (9-10) | (1.68) | (84.34) | (7.05) | (202.78) | (91.22) |
| 12 | Profit for the year (8+11) | 923.09 | 533.50 | 777.55 | 2,126.59 | 1,823.97 |
| | Profit / (Loss) attributable to Non Controlling Interest | 52.86 | 27.17 | 42.93 | 135.64 | 103.79 |
| | Profit / (Loss) attributable to the Owners of the parent | 861.52 | 506.33 | 734.62 | 1,990.95 | 1,720.18 |
| Sr.
No. | PARTICULARS | Three Months Ended | | | Year Ended | |
| --- | --- | --- | --- | --- | --- | --- |
| | | 31-03-26 | 31-12-25 | 31-03-25 | 31-03-26 | 31-03-25 |
| | | Audited
(Refer Note 4) | Unaudited | Audited
(Refer Note 4) | Audited | Audited |
| 13 | Other comprehensive income from continuing operations | | | | | |
| | - Items that will not be reclassified to profit or loss - Remeasurement Gain/(Loss) on Defined Benefit Plan | 8.83 | - | (24.34) | 8.83 | (24.34) |
| | - Income Tax relating to the Items that will not be reclassified to profit or loss. | (2.22) | - | 6.13 | (2.22) | 6.13 |
| | - Items that will be reclassified to profit or loss | | | | | |
| | ‘Exchange differences in translating Financials Statements of foreign operations | 240.04 | 52.09 | (1.41) | 463.48 | 160.40 |
| | ‘Equity accounted Investee - Shares of OCI | 234.53 | 75.83 | 19.21 | 1,087.44 | 19.21 |
| | - Other comprehensive Income / (loss) for the year from continuing operations | 481.18 | 127.92 | (0.41) | 1,557.53 | 161.40 |
| 14 | Other comprehensive income from Discontinuing operations | | | | | |
| | - Items that will not be reclassified to profit or loss - Remeasurement Gain/(Loss) on Defined Benefit Plan | 0.49 | - | - | 0.49 | - |
| | - Income Tax relating to the Items that will not be reclassified to profit or loss. | (0.12) | - | - | (0.12) | - |
| | - Other comprehensive Income / (loss) for the year from Discontinuing operations | 0.37 | - | - | 0.37 | - |
| 15 | Other Comprehensive Income/(Loss) for the period (13+14) | 481.55 | 127.92 | (0.41) | 1,557.90 | 161.40 |
| | - Other Comprehensive Income / (Loss) attributable to Non-Controlling Interest | 24.01 | 5.20 | (0.14) | 46.35 | 16.04 |
| | - Other Comprehensive Income / (Loss) attributable to Owners of the Parent | 457.54 | 122.72 | (0.27) | 1,511.55 | 145.36 |
| 16 | Total Comprehensive Income for the period (12+15) | 1,404.64 | 661.42 | 777.14 | 3,684.49 | 1,985.37 |
| | Total Comprehensive Income / (Loss) attributable to Non-Controlling Interest | 76.87 | 32.37 | 42.79 | 181.99 | 119.83 |
| | Total Comprehensive Income / (Loss) attributable to Owners of the Parent | 1,327.77 | 629.05 | 734.35 | 3,502.50 | 1,865.54 |
| 17 | Paid-up equity share capital (Face Value of ₹10/- per share) | 1,100.05 | 1,100.05 | 1,100.05 | 1,100.05 | 1,100.05 |
| 18 | Other Equity | | | | 17,582.38 | 16,975.85 |
| 19 | Basic and Diluted Earnings per share (not annualised in ₹10/- each ) | | | | | |
| | Continue Operations | 7.85 | 5.37 | 6.74 | 19.94 | 16.47 |
| | Discontinue Operations | (0.02) | (0.77) | (0.06) | (1.84) | (0.83) |
| | Continue and Discontinue Operations | 7.83 | 4.60 | 6.68 | 18.10 | 15.64 |
| * Not annualised for three months ended March 31, 2026, Dec 31, 2025 and March 31, 2025. | | | | | | |
PRIMA PLASTICS LIMITED
Regd. Office: 98/4, Prima House, Daman Industrial Estate, Kadaiya, Nani Daman (U.T.)-396210.
CIN : L25206DD1993PLC001470 [email protected] www.primaplastics.com
STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE THREE MONTHS AND YEAR ENDED MARCH 31, 2026
(₹ in Lakhs except per share data)
| Sr.
No. | PARTICULARS | Three Months Ended | | | Year Ended | |
| --- | --- | --- | --- | --- | --- | --- |
| | | 31-03-26 | 31-12-25 | 31-03-25 | 31-03-26 | 31-03-25 |
| | | Audited
(Refer Note 4) | Unaudited | Audited
(Refer Note 4) | Audited | Audited |
| 1 | Continue Operations | | | | | |
| | (a) Revenue from Operations | 2,507.11 | 2,483.24 | 2,185.17 | 8,664.59 | 8,095.89 |
| | (b) Other Income | 15.28 | 15.51 | 369.32 | 874.94 | 768.10 |
| | Total Income | 2,522.38 | 2,498.75 | 2,554.49 | 9,539.53 | 8,863.99 |
| 2 | Expenditure | | | | | |
| | (a) Cost of Materials Consumed | 1,202.75 | 1,219.91 | 1,224.41 | 4,465.09 | 4,739.30 |
| | (b) Purchases of Stock in Trade | 73.11 | 35.01 | 17.70 | 175.51 | 94.27 |
| | (c) Changes in Inventories of Finished goods, Work-in-Progress and Stock-in-Trade | 83.81 | 147.47 | 55.79 | 150.84 | (163.23) |
| | (d) Employee Benefits Expense | 344.04 | 339.57 | 338.11 | 1,272.04 | 1,206.02 |
| | (e) Finance Costs | 38.91 | 60.51 | 68.18 | 218.11 | 254.74 |
| | (f) Depreciation and Amortisation Expense | 68.74 | 58.44 | 57.46 | 241.69 | 251.59 |
| | (g) Other Expenses | 579.77 | 459.80 | 456.29 | 1,946.42 | 1,772.20 |
| | Total Expenses | 2,391.14 | 2,320.71 | 2,217.93 | 8,469.70 | 8,154.89 |
| 3 | Profit/(Loss) before exceptional item and tax from Continue Operations (1-2) | 131.24 | 178.04 | 336.56 | 1,069.83 | 709.10 |
| 4 | Exceptional Item | - | - | - | - | - |
| 5 | Profit/(Loss) before tax from Continue Operations (3+4) | 131.24 | 178.04 | 336.56 | 1,069.83 | 709.10 |
| 6 | - Tax Expenses | 38.45 | 41.70 | 51.98 | 224.06 | 117.27 |
| | - Tax adjustment of earlier years | 15.65 | (13.63) | - | 2.02 | 78.16 |
| 7 | Net Profit/(Loss) for the period from Continue Operations (5-6) | 77.15 | 149.97 | 284.58 | 843.75 | 513.67 |
| 8 | Discontinue Operations (Refer Note 1) | | | | | |
| 9 | Profit before tax from Discontinue Operations | (1.28) | (112.71) | 17.47 | (270.02) | (95.03) |
| 10 | Tax expenses from Discontinue Operations | 0.40 | (28.37) | 24.51 | (67.24) | (3.81) |
| 11 | Net Profit/(Loss) for the period from Discontinue Operations (8-9) | (1.68) | (84.34) | (7.05) | (202.78) | (91.22) |
| 12 | Net Profit/(Loss) for the period (7+10) | 75.46 | 65.63 | 277.53 | 640.97 | 422.45 |
| 13 | Other Comprehensive Income from Continue Operations | | | | | |
| | - Items that will not be reclassified to profit or loss | 8.83 | - | (24.34) | 8.83 | (24.34) |
| | - Income Tax relating to the Items that will not be reclassified to profit or loss. | (2.22) | - | 6.13 | (2.22) | 6.13 |
| | Other Comprehensive Income/(Loss) for the period from Continue Operations | 6.61 | - | (18.21) | 6.61 | (18.21) |
| 14 | Other Comprehensive Income from Discontinue Operations | | | | | |
| | - Items that will not be reclassified to profit or loss | 0.49 | - | - | 0.49 | - |
| | - Income Tax relating to the Items that will not be reclassified to profit or loss. | (0.12) | - | - | (0.12) | - |
| | Other Comprehensive Income/(Loss) for the period from Discontinue Operations | 0.37 | - | - | 0.37 | - |
| 15 | Total Other comprehensive income for the year, net of tax (12+13) | 6.98 | - | (18.21) | 6.98 | (18.21) |
| 16 | Total Comprehensive Income for the period (11+14) | 82.44 | 65.63 | 259.32 | 647.95 | 404.24 |
| 17 | Paid-up equity share capital (Face Value of ₹10/- per share) | 1,100.05 | 1,100.05 | 1,100.05 | 1,100.05 | 1,100.05 |
| 18 | Other Equity | | | | 4,178.57 | 6,439.05 |
| 19 | Basic and Diluted Earnings per share (not annualised in ₹10/- each ) | | | | | |
| | Continue Operations | 0.70 | 1.36 | 2.59 | 7.67 | 4.67 |
| | Discontinue Operations | (0.02) | (0.77) | (0.06) | (1.84) | (0.83) |
| | Continue and Discontinue Operations | 0.69 | 0.60 | 2.52 | 5.83 | 3.84 |
- Not annualised for three months ended March 31, 2026, Dec 31, 2025 and March 31, 2025.
| PRIMA PLASTICS LIMITED | |||||
|---|---|---|---|---|---|
| STATEMENT OF ASSETS AND LIABILITIES | (₹ Lakhs) | ||||
| Standalone | Consolidated | ||||
| As at 31-03-2026 | As at 31-03-2025 | As at 31-03-2026 | As at 31-03-2025 | ||
| PARTICULARS | Audited | Audited | |||
| (Refer note No.1) | Audited | Audited | |||
| (Refer note No.1) | |||||
| A | ASSETS | ||||
| 1 | Non-Current Assets | ||||
| (a) | Property, Plant and Equipment | 1,891.65 | 4,204.17 | 2,468.60 | 4,911.31 |
| (b) | Capital Work-in-Progress | - | 96.85 | - | 96.85 |
| (c) | Intangible Assets | 1.31 | 4.64 | 1.31 | 4.64 |
| (d) | Right of Use Assets | 282.34 | 299.41 | 282.34 | 299.41 |
| (e) | Financial Assets | ||||
| (i) | Investments | 422.05 | 423.05 | - | - |
| (ii) | Investments Accounted using Equity Method | - | - | 8,812.58 | 6,826.46 |
| (iii) | Loans | 1,154.94 | 34.56 | 1,154.94 | 34.56 |
| (iv) | Other Non Current Financial Assets | 64.56 | 388.33 | 88.61 | 410.19 |
| (f) | Income Tax Assets (Net) | 34.37 | 81.70 | 34.38 | 81.70 |
| (g) | Other Non-Current Assets | - | 110.65 | - | 110.65 |
| Total Non-Current Assets | 3,851.22 | 5,643.36 | 12,842.76 | 12,775.77 | |
| 2 | Current Assets | ||||
| (a) | Inventories | 2,072.01 | 2,921.65 | 2,962.59 | 3,615.50 |
| (b) | Financial Assets | ||||
| (i) | Trade Receivables | 1,311.87 | 3,037.61 | 3,291.60 | 4,901.94 |
| (ii) | Cash and Cash Equivalents | 776.64 | 6.80 | 3,056.62 | 1,238.99 |
| (iii) | Bank Balances other than Cash and Cash Equivalents | 128.09 | 126.78 | 128.09 | 126.78 |
| (iv) | Loans | 21.77 | 34.23 | 21.77 | 34.23 |
| (v) | Other Current Financial Assets | 156.82 | 1,113.37 | 156.82 | 1,100.84 |
| (c) | Other Current Assets | 377.12 | 435.81 | 1,080.07 | 1,294.76 |
| Total Current Assets | 4,844.32 | 7,676.25 | 10,697.56 | 12,313.04 | |
| TOTAL ASSETS | 8,695.54 | 13,319.61 | 23,540.32 | 25,088.81 | |
| B | EQUITY AND LIABILITIES | ||||
| 1 | EQUITY | ||||
| (a) | Equity Share Capital | 1,100.05 | 1,100.05 | 1,100.05 | 1,100.05 |
| (b) | Other Equity | 4,178.57 | 6,439.05 | 17,582.38 | 16,975.85 |
| (c) | Non-Controlling Interest | - | - | 606.17 | 508.10 |
| Total Equity | 5,278.62 | 7,539.10 | 19,288.60 | 18,584.00 | |
| 2 | LIABILITIES | ||||
| 1 | Non-Current Liabilities | ||||
| (a) | Financial Liabilities | ||||
| (i) | Borrowings | 210.67 | 426.98 | 210.67 | 426.98 |
| (ii) | Lease Liabilities | 229.84 | - | 229.84 | - |
| (b) | Deferred Tax Liabilities (Net) | 121.00 | 241.81 | 121.00 | 241.81 |
| (c) | Other Non Current Liabilities | - | 749.08 | - | 749.08 |
| (d) | Provisions | - | - | 12.01 | 30.49 |
| Total Non-Current Liabilities | 561.51 | 1,417.87 | 573.52 | 1,448.36 | |
| II | Current Liabilities | ||||
| (a) | Financial Liabilities | ||||
| (i) | Borrowings | 2,295.08 | 3,576.13 | 2,295.08 | 3,584.29 |
| (ii) | Lease Liabilities | 43.70 | - | 43.70 | - |
| (iii) | Trade Payable | ||||
| - (a) Total Outstanding Dues of Micro Enterprises and Small Enterprises | 40.27 | 141.67 | 40.27 | 141.67 | |
| - (b) Total Outstanding Dues of Creditors other than Micro Enterprises and Small Enterprises | 96.55 | 395.28 | 755.52 | 935.65 | |
| (iv) Other Current Financial Liabilities | 138.01 | 99.44 | 138.02 | 99.44 | |
| (b) | Other Current Liabilities | 81.60 | 103.39 | 81.77 | 103.39 |
| (c) | Provisions | 37.92 | 46.73 | 43.31 | 51.08 |
| (d) | Current Tax Liabilities (Net) | 122.28 | - | 280.53 | 140.93 |
| Total Current Liabilities | 2,855.41 | 4,362.64 | 3,678.20 | 5,056.45 | |
| TOTAL EQUITY AND LIABILITIES | 8,695.54 | 13,319.61 | 23,540.32 | 25,088.81 |
SANTA CLARA, CALIFORNIA 90016
CIVIL MUMBAI
SANTA CLARA STATE LABORATORY
124
| PRIMA PLASTICS LIMITED | |||||
|---|---|---|---|---|---|
| STATEMENT OF CASH FLOW | (₹ Lakhs) | ||||
| Particulars | Standalone | Consolidated | |||
| Year Ended | Year Ended | ||||
| 31-03-26 | 31-03-25 | 31-03-26 | 31-03-25 | ||
| Audited | Audited | Audited | Audited | ||
| A. | Cash Flow from Operating Activities | ||||
| Profit Before Tax | |||||
| Continuing Operations | 1,069.83 | 709.10 | 2,970.43 | 2,455.84 | |
| Discontinued Operations (Refer Note 1) | (270.02) | (95.03) | (270.02) | (95.03) | |
| Profit before income tax including Discontinued Operations | 799.81 | 614.07 | 2,700.41 | 2,360.81 | |
| Adjustments : | |||||
| Depreciation and Amortisation Expense | 241.69 | 436.35 | 541.06 | 660.78 | |
| Finance Costs | 219.77 | 384.09 | 220.84 | 391.65 | |
| Interest on lease Liability | (1.66) | (0.04) | (1.66) | (0.04) | |
| Provision for doubtful debts and Bad Debts written off | 97.87 | 25.71 | 95.08 | 44.36 | |
| (Profit) / Loss on Sale of Property, Plant and Equipments | (2.84) | 0.05 | (2.84) | 0.05 | |
| Net Foreign Exchange (Gain) / Loss | (0.26) | (7.20) | 6.96 | 3.71 | |
| Share in (Profit) / Loss on equity accounted investment | - | - | (898.69) | (1,119.74) | |
| Dividend Income | (769.42) | (743.68) | - | - | |
| Interest Income | (10.78) | (14.33) | (10.78) | (14.33) | |
| Operating Profit before Working Capital Changes | 574.18 | 695.02 | 2,650.38 | 2,327.25 | |
| Changes in Working Capital | |||||
| Adjustments for (Increase)/Decrease in Operating Assets: | |||||
| Trade Receivables | 1,141.61 | (825.29) | 1,026.22 | (1,013.32) | |
| Inventories | 387.69 | (374.18) | 190.97 | (1,032.89) | |
| Other Assets | 722.97 | (239.09) | 876.72 | (300.07) | |
| Adjustments for Increase/(Decrease) in Operating Liabilities: | |||||
| Trade Payables | (344.58) | 217.84 | (225.98) | 424.41 | |
| Short Term Provisions | (24.79) | (19.75) | (42.25) | (13.69) | |
| Other Liabilities | (556.46) | 309.84 | (556.46) | 309.84 | |
| Cash Generated From Operations | 1,900.62 | (235.61) | 3,919.60 | 701.53 | |
| Income Taxes Paid (Net) | (30.91) | 0.82 | (428.59) | (348.90) | |
| Net Cash Inflow / (Outflow) from Operating Activities (A) | 1,869.71 | (234.79) | 3,491.01 | 352.63 | |
| B. | Cash Flow from Investment Activities | ||||
| Purchase of Property, Plant and Equipments | (633.40) | (311.51) | (807.83) | (720.61) | |
| Investment in Subsidiary | - | (1.00) | - | (1.00) | |
| Sale of Property, Plant and Equipments | 12.39 | - | 12.39 | - | |
| Interest received | 14.50 | 14.83 | 14.50 | 14.83 | |
| Dividend Income | 1,474.69 | 569.99 | 1,474.69 | 569.99 | |
| Redemption in other bank deposits | 23.81 | 38.84 | 23.81 | 38.84 | |
| Investment in other bank deposits | - | (8.67) | - | (8.67) | |
| Net Cash Inflow / (Outflow) from Investing Activities (B) | 891.99 | 302.48 | 717.56 | (106.62) | |
| C. | Cash Flow from Financing Activities | ||||
| (Repayments)/ Proceeds from Long Term Borrowings | (554.84) | (408.17) | (563.00) | (448.83) | |
| (Repayments)/ Proceeds from Short Term Borrowings | (987.47) | 924.81 | (987.47) | 834.81 | |
| Proceed from issue of Shares | - | - | - | 1.00 | |
| Interest Paid | (227.93) | (377.15) | (229.00) | (384.71) | |
| Interest on Lease Liability | 1.66 | 0.04 | 1.66 | 0.04 | |
| Dividend Paid | (220.01) | (220.01) | (1,073.34) | (647.84) | |
| Repayment of principal towards Lease Liability | - | (12.76) | - | (12.76) | |
| Net Cash Inflow / (Outflow) from Financing Activities(C) | (1,988.59) | (93.24) | (2,851.15) | (658.29) | |
| Net Increase/(Decrease) In Cash and Cash Equivalents (A+B+C) | 773.11 | (25.55) | 1,357.42 | (412.28) | |
| Cash & Cash Equivalents as at the beginning of the period | 6.80 | 32.35 | 1,238.99 | 1,490.87 | |
| Less : Cash Transferred pursuant to demerger (Refer Note 1) | 3.27 | - | 3.27 | - | |
| Effect of Exchang rate on consolidation of Foreign Subsidiary | - | - | 463.48 | 160.40 | |
| Cash & Cash Equivalents as at end of the period | 776.64 | 6.80 | 3,056.62 | 1,238.99 |
Prima Plastics Limited
Notes to Financial Results:
- During the previous year, the Board of Directors of the Company, at its meeting held on 12 November 2024, basis the recommendations of the Audit Committee and Committee of Independent Directors, approved a scheme of arrangement amongst the Company, Prima Innovation Limited (“PIL”) (a wholly owned subsidiary of the Company, which was incorporated on June 20, 2024) and their respective shareholders and creditors, providing for the demerger of the Company’s Rotational Moulding business to PIL in compliance with Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (the “Scheme”).
During this quarter, on March 16, 2026, the Scheme was sanctioned by the Hon’ble National Company Law Tribunal, Ahmedabad Bench (the “NCLT”). Pursuant to receipt of necessary statutory approvals and in accordance with the Scheme, the Company has demerged the Rotational Moulding business effective March 31, 2026, with appointed date being July 01, 2024, as per the Scheme.
As on effective date Prima Innovation Limited (PIL) ceased to be subsidiary of the Company.
Upon the Scheme being effective, the Company has transferred the assets and liabilities pertaining to Rotational Moulding business to PIL as on the appointed date. The Company has accordingly derecognized from its books of account the carrying amount of such assets and liabilities. The excess of the carrying amount of assets transferred over the carrying amount of liabilities transferred aggregating ☐ 2,893.89 Lakhs had been adjusted in accordance with the Scheme in the standalone audited financial results. Additionally, in accordance with the Scheme, the Company had also made certain consequential adjustments towards receivable from resulting company.
Further, pursuant to the requirements of the Indian Accounting Standards (Ind AS), the results of the Company’s Rotational business up to the effective date of demerger have been disclosed as discontinued operations; accordingly, the previous period figures have been re-presented.
The results of the Company's Rotational Moulding business included in the above standalone and consolidated audited financial results and segment results are as follows:
(₹ in lakhs)
| Particulars | Quarter Ended | Year Ended | |||
|---|---|---|---|---|---|
| March 31, 2026 | |||||
| (Audited) | December 31, 2025 | ||||
| (Unaudited) | March 31, 2025 | ||||
| (Audited) | March 31, 2026 | ||||
| (Audited) | March 31, 2025 | ||||
| (Audited) | |||||
| Revenue from operations | 1,442.03 | 958.24 | 1,454.88 | 5,096.93 | 5,102.35 |
| Other Income | 1.85 | 0.89 | 3.37 | 4.66 | 6.34 |
| Total Income | 1,443.88 | 947.63 | 1,440.79 | 5,101.59 | 5,108.69 |
| Total Expenses | 1,445.17 | 1,071.84 | 1,440.79 | 5,371.61 | 5,203.72 |
| Profit/(Loss) before tax | |||||
| for the period/year | (1.28) | (112.71) | 17.47 | (270.02) | (95.03) |
| Tax Expenses | 0.40 | (28.37) | 24.51 | (67.24) | (3.81) |
| Profit/(Loss) for the | |||||
| period/year from | |||||
| discontinued operations | (1.68) | (84.34) | (7.05) | (202.78) | (91.22) |
-
The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 20, 2026. The results for the year March 31, 2026 presented were audited by statutory auditors of the Company who have issued an unmodified report on the said results.
-
The Company's and Group's business activity falls within a single operating segment i.e. "Plastic Articles".
-
The figures for three months ended March 31, 2026 and March 31, 2025, are arrived at as difference between audited figures in respect of the full financial year and the unaudited published figures upto nine months of the relevant financial year, which were subject to limited review by statutory auditor.
-
Previous period figures have been regrouped, wherever necessary.
By order of the Board
For PRIMA PLASTICS LIMITED
Bhaskar M. Parekh
Chairman
DIN: 00166520
Place: Mumbai
Date: May 20, 2026
CNK & Associates LLP
Chartered Accountants
Independent Auditor's Report on Audited Consolidated Financial Results of the Company for the quarter and year ended 31st March, 2026 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
To
The Board of Directors of
PRIMA PLASTICS LIMITED
Report on Audit of Consolidated Financial Results
Opinion
We have audited the accompanying statement of Consolidated Financial Results of Prima Plastics Limited (the “Holding Company”) and its subsidiaries (the Holding Company and its subsidiary together referred to as “the Group”), and its joint venture for the quarter and year ended 31st March, 2026 (the “Statement”), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of the reports of other auditors on separate audited financial statements of the subsidiary and joint venture, the Statement:
i. includes the results of the entities as mentioned in Annexure;
ii. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
iii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards specified under Section 133 of the Companies Act, 2013 (“the Act”), read with the Companies (Indian Accounting Standards) Rules, 2015 (“Ind AS”), and other accounting principles generally accepted in India, of the consolidated net profit, other comprehensive income and other financial information of the Group for the quarter and year ended 31st March, 2026
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the “Auditor’s Responsibilities for the Audit of the Consolidated Financial Results” section of our report. We are independent of the Group and its joint venture in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results under the
Mistry Bhavan, 3rd Floor, Dinshaw Vachha Road, Churchgate, Mumbai 400 020. Tel: +91 22 6623 0600
501-502, Narain Chambers, M.G. Road, Vile Parle (E), Mumbai 400 057. Tel: +91 22 6250 7600
Website: www.cnkindia.com
MUMBAI | CHENNAI | VADODARA | AHMEDABAD | GIFT CITY | BENGALURU | DELHI | PUNE | KOLKATA | DUBAI | ABU DHABI
provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in “Other Matter” paragraph below, is sufficient and appropriate to provide a basis for our opinion.
Management’s Responsibilities for the Consolidated Financial Results
The Statement has been prepared on the basis of the Consolidated Financial Statements. The Holding Company’s Board of Directors are responsible for the preparation and presentation of the Statement that gives a true and fair view of the consolidated net profit and other comprehensive income and other financial information of the Group including its joint venture, in accordance with the recognition and measurement principles laid down in Ind AS and in compliance with Regulation 33 of the Listing Regulations. The respective Management and Board of Directors of the Companies included in the Group including its joint venture are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and its joint venture and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Directors of the Holding Company, as aforesaid.
In preparing the Statement, the respective Management and Board of Directors of the Companies included in the Group and of its joint venture are responsible for assessing the ability of the Group and of its joint venture to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Management and Board of Directors either intends to liquidate the respective company or to cease operations, or have no realistic alternative but to do so.
The respective Board of Directors of the Companies included in the Group and of its joint venture are responsible for overseeing the financial reporting process of each company.
Auditor’s Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.
SAN FRANCISCO, CALIF.
MUMI
GENERAL ACCOUNTANTS
As part of an audit in accordance with SAs, we exercise professional judgement and maintain professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control;
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Holding Company has adequate internal financial controls with reference to Consolidated Financial Statement in place and the operating effectiveness of such controls as applicable;
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the Statement made by the Management;
-
Conclude on the appropriateness of the respective Management and Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its joint venture to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group and its joint venture to cease to continue as a going concern;
-
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation;
-
Obtain sufficient appropriate audit evidence regarding the financial results/financial statement/financial information of the entities within the Group and its joint venture, to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of the financial information of such entities included in the Statement, of which we are the independent auditors. For the other entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
SAN ANTONIO 2010 MURRITI
We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, to the extent applicable.
Other Matters
- We did not audit the financial statements of a subsidiary, included in the Statement, whose financial statements reflect total assets (before consolidation adjustments) of Rs. 6,454.24 lakhs as at 31st March, 2026 and total revenue (before consolidation adjustments) of Rs. 2,180.17 lakhs and Rs. 7,316.09 lakhs and total net profit after tax of (before consolidation adjustments) Rs. 496.48 lakhs and Rs. 1,356.36 lakhs and other comprehensive Income (before consolidation adjustments) of Rs. 240.04 lakhs and Rs. 463.48 lakhs for the quarter and year ended 31st March, 2026 respectively, as considered in the Statement. Further, this subsidiary is located outside India, whose financial statements have been prepared in accordance with accounting principles generally accepted in their respective country and which have been audited by other auditor under generally accepted auditing standards applicable in their respective country. The Holding Company’s management has converted the financial statements of such subsidiary from accounting principles generally accepted in their respective country to accounting principles generally accepted in India. An independent Chartered Accountant has audited these conversion adjustments made by the Holding Company’s management.
Our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary is based solely on the report of the other auditor and report of independent Chartered Accountant and the procedures performed by us as stated in paragraph “Auditor’s Responsibilities for the Audit of the Consolidated Financial Results”.
- The Statement includes the Group’s share of net profit after tax is Rs. 312.64 lakhs and Rs. 898.67 lakhs and other comprehensive income is (before consolidation adjustments) Rs. 234.53 lakhs and 1087.44 lakhs for the quarter and year ended 31st March, 2026 respectively, as considered in the Statement, in respect of joint venture, whose financial statements have not been audited by us. Further, this joint venture is located outside India, whose financial statements have been prepared in accordance with accounting principles generally accepted in their respective country and which have been audited by other auditor under generally accepted auditing standards applicable in their respective country. The Holding Company’s
SANTA ANASOCIATA
OFFICE OF THE
MILLER
CITY OF SANTA ANCANA
management has converted the financial statements of such joint venture from accounting principles generally accepted in their respective country to accounting principles generally accepted in India. An independent Chartered Accountant has audited these conversion adjustments made by the Holding Company's management.
Our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this joint venture is based solely on the report of the other auditor and report of independent Chartered Accountant and the procedures performed by us as stated in paragraph "Auditor's Responsibilities for the Audit of the Consolidated Financial Results".
Our opinion is not modified in respect of the matters at 1 and 2 above with respect to our reliance on the work done and the reports of the other auditors.
- The Statement includes the results for the quarter ended 31st March, 2026 being the balancing figures between the audited figures in respect of the full financial year ended 31st March, 2026 and the published unaudited year-to-date figures up to the end of the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.
For C N K & Associates LLP
Chartered Accountants
Firm Registration No. 101961W/W-100036
Vijay Mehta
Partner
Membership No.: 106533
UDIN: 26106533XMFI.JQ9918
Place: Mumbai
Date: 20th May 2026
Annexure to the Report:
Subsidiary (held directly)
a. Prima Union Plasticos, S.A.
b. Prima Innovation Limited, India (ceased to be subsidiary with effect from 31st March 2026)
Joint Venture (held directly)
a. Prima Dee-Lite Plastics SARL
CNK & Associates LLP
Chartered Accountants
Independent Auditor's Report on Audited Standalone Financial Results of the Company for the quarter and year ended March 31, 2026 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
To
The Board of Directors of
PRIMA PLASTICS LIMITED
Report on the Audit of Standalone Financial Results
Opinion
We have audited the accompanying statement of Standalone Financial Results of Prima Plastics Limited (the “Company”) for the quarter and year ended 31st March, 2026 (the “Statement”), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
i. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
ii. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards specified under Section 133 of the Companies Act, 2013 (“the Act”), read with the Companies (Indian Accounting Standards) Rules, 2015 (“Ind AS”), and other accounting principles generally accepted in India, of the net profit, other comprehensive income and other financial information of the Company for the quarter and year ended 31st March, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the “Auditor’s Responsibilities for the Audit of the Standalone Financial Results” section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the Standalone Financial Results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.
Mistry Bhavan, 3rd Floor, Dinshaw Vachha Road, Churchgate, Mumbai 400 020. Tel: +91 22 6623 0600
501-502, Narain Chambers, M.G. Road, Vile Parle (E), Mumbai 400 057. Tel: +91 22 6250 7600
Website: www.cnkindia.com
MUMBAI | CHENNAI | VADODARA | AHMEDABAD | GIFT CITY | BENGALURU | DELHI | PUNE | KOLKATA | DUBAI | ABU DHAB
Management's Responsibilities for the Standalone Financial Results
The Statement has been prepared on the basis of the Standalone Financial Statements and has been approved by the Company's Board of Directors. The Company's Management and Board of Directors are responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit and other comprehensive income and other financial information of the Company in accordance with the Ind AS and other accounting principles generally accepted in India, and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Statement, the Management and Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Management and Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
Those Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.
As part of an audit in accordance with SAs, we exercise professional judgement and maintain professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control;
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal
financial controls with reference to Standalone Financial Statement in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Management;
- Conclude on the appropriateness of the Management and Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern;
- Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation;
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
The Statement includes the results for the quarter ended 31st March, 2026 being the balancing figure between the audited figures in respect of the full financial year ended 31st March, 2026 and the published unaudited year-to-date figures up to the third quarter of the current financial year which were subjected to limited review by us, as required under Listing regulations.
For C N K & Associates LLP
Chartered Accountants
Firm Registration No. 101961W/W-100036
Vijay Mehta
Partner
Membership No.: 106533
UDIN: 26106533WIDTBF3360
Place: Mumbai
Date: 20th May 2026
PRIMA
May 20, 2026
To,
BSE Limited,
Listing Centre,
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400001.
Scrip Code – 530589
Scrip Symbol – PRIMAPLA
Sub: Declaration in respect of unmodified opinion on the Audit Reports for the Year ended March 31, 2026 pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
Dear Sir/ Madam,
We hereby declare that pursuant to the Regulation 33(3) of Listing Regulations, 2015, the Statutory Auditors of the Company, viz., M/s CNK & Associates LLP have issued an Audit Report with unmodified opinion for the Audited Financial Statements for the Year ended 31st March 2026.
This is for your information and record.
Thanking you,
Yours sincerely,
For Prima Plastics Limited
Dharmesh R. Sachade
Chief Financial Officer
M. No: 139349
+91 260 2221845 / 0445
+91 22 28574768 / 69
www.primaplastics.com
PRIMA PLASTICS LTD.
REGD. OFFICE & WORKS: 98/4, Prima House, Daman Industrial Estate, Kadaiya, Daman-396210 (UT)
CORP.OFFICE: 41, National House, OPP. Ansa 'A' Bldg, Saki Vihar Road, Powai, Mumbai-400072 (India)
MEC. OF: MOULDED FURNITURE & BOTO MOULDED PRODUCTS