Pankaj Polymers Ltd (531280)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Pankaj Polymers' revenue was ₹0.6 Cr (-33.7% year on year), and net profit ₹0.1 Cr (against a loss a year earlier); the operating margin was -50.9%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹0.6 | -33.7% | — |
| Operating profit | ₹-0.3 | loss widened | loss widened |
| Net profit | ₹0.1 | from loss | +400.0% |
| EPS (₹) | 0.18 | from loss | +350.0% |
| Operating margin | -50.9% | — | — |
📢 Recent Corporate Announcements
Pankaj Polymers has entered into a commercial partnership with SIS India Limited to deploy its Rupiafin Expense Management System (EMS). The solution covers digital expense submission, policy controls, approvals, reimbursements, and reporting across SIS. Although commercial value and contract tenure are not disclosed, the move underscores the company's transition from packaging to B2B fintech and digital platforms. The company generated TTM revenue of just Rs 1 Cr and operates at a market cap of Rs 72 Cr.
- Partnership formed with SIS India Limited on October 08, 2026
- Solution deployed through company's Rupiafin platform for corporate Expense Management
- Contract value, implementation timeline, and revenue share terms are not disclosed
- Company is transitioning from legacy packaging (TTM revenue Rs 1 Cr) to enterprise fintech
Pankaj Polymers Limited announced that shareholders approved the appointment of M/s. Shilpi Sharma & Co., Chartered Accountants, as Statutory Auditors for a 5-year term at the 34th AGM held on September 30, 2026. The auditor will hold office until the conclusion of the 39th AGM in 2031. Additionally, shareholders approved the regularisation of Mr. Prashant Kumar Jha as an Independent Director for a 5-year term. These are routine statutory governance appointments with no direct impact on the company's operating performance.
- Appointment of M/s. Shilpi Sharma & Co. as Statutory Auditor for a 5-year term approved at 34th AGM on September 30, 2026
- Auditor tenure to run until the conclusion of the 39th AGM in calendar year 2031
- Regularisation of Mr. Prashant Kumar Jha as Independent Director approved for 5 consecutive years
Pankaj Polymers Limited announced that shareholders approved the appointment of M/s. Shilpi Sharma & Co., Chartered Accountants, as Statutory Auditors for a 5-year term at the 34th AGM held on September 30, 2026. The auditor will hold office until the conclusion of the 39th AGM in 2031. Additionally, shareholders approved the regularisation of Mr. Prashant Kumar Jha as an Independent Director for a 5-year term. These are routine statutory governance appointments with no direct impact on the company's operating performance.
- Appointment of M/s. Shilpi Sharma & Co. as Statutory Auditor for a 5-year term approved at 34th AGM on September 30, 2026
- Auditor tenure to run until the conclusion of the 39th AGM in calendar year 2031
- Regularisation of Mr. Prashant Kumar Jha as Independent Director approved for 5 consecutive years
Pankaj Polymers Limited has announced the voting results of its 34th Annual General Meeting held on September 30, 2026. Shareholders approved all five resolutions, including the adoption of FY26 financial statements, reappointment of director Rahul Nagar, appointment of statutory auditors for 5 years, and regularisation of Prashant Kumar Jha as director. Each resolution passed with over 99.99% votes polled in favour, dominated by promoter voting (32,23,658 shares), while public participation remained minimal at 517 votes polled.
- All 5 resolutions passed with over 99.99% of polled votes in favour
- Total votes polled stood at 32,24,175 shares, representing 58.16% of total outstanding capital
- Public non-institutional participation was low, with only 517 votes polled out of 23,20,242 eligible shares
- Approved appointment of statutory auditors for a period of 5 years
- Approved appointment regularisation of Mr. Prashant Kumar Jha for a 5-year term
Pankaj Polymers Limited has announced strategic partnerships with B2C platforms including 99 Gifts, Hubble Money, Daalchini, and Magicpin, along with D2C brands Yoho and Blossom, to distribute digital e-vouchers via its AI-enabled platform. The announcement signals the micro-cap company's (market cap ₹72 Cr, TTM revenue ₹1 Cr) ongoing business model transition from packaging toward fintech and digital commerce. However, no financial consideration, revenue-sharing terms, or expected commercial volumes were disclosed in the filing.
- Partnership formed with 4 B2C platforms: 99 Gifts, Hubble Money, Daalchini, and Magicpin for voucher distribution
- Onboarded 2 D2C brands: Yoho and Blossom for e-voucher issuance and distribution
- Commercial value, revenue-sharing structure, and transaction volumes were not disclosed
- Announcement released on September 29, 2026 under Regulation 30
Pankaj Polymers Limited has announced strategic partnerships with B2C platforms including 99 Gifts, Hubble Money, Daalchini, and Magicpin, along with D2C brands Yoho and Blossom, to distribute digital e-vouchers via its AI-enabled platform. The announcement signals the micro-cap company's (market cap ₹72 Cr, TTM revenue ₹1 Cr) ongoing business model transition from packaging toward fintech and digital commerce. However, no financial consideration, revenue-sharing terms, or expected commercial volumes were disclosed in the filing.
- Partnership formed with 4 B2C platforms: 99 Gifts, Hubble Money, Daalchini, and Magicpin for voucher distribution
- Onboarded 2 D2C brands: Yoho and Blossom for e-voucher issuance and distribution
- Commercial value, revenue-sharing structure, and transaction volumes were not disclosed
- Announcement released on September 29, 2026 under Regulation 30
Pankaj Polymers has issued a corrigendum to the notice of its 34th AGM scheduled for September 30, 2026. The update rectifies pre-preferential shareholding disclosures for select allottees (Pooja Chauhan and Sandeep Kumar Sharma) and formats the post-issue shareholding pattern. The underlying preferential issue, previously approved at an EGM on August 22, 2026, involves up to 8,55,000 equity shares and 22,20,000 convertible warrants, expanding fully diluted equity base to 86,18,900 shares.
- AGM scheduled for September 30, 2026, with remote e-voting active from September 27 to September 29, 2026
- Pertains to earlier approved issue of 8,55,000 equity shares and 22,20,000 convertible warrants
- Fully diluted post-preferential share capital expands to 86,18,900 equity shares (₹8.62 crore)
- Promoter shareholding will dilute from 58.15% pre-issue to 42.16% post-issue on a fully diluted basis
- Corrections specifically rectify disclosures for allottees Pooja Chauhan and Sandeep Kumar Sharma
Pankaj Polymers' shareholders approved all 12 resolutions at the EGM held on August 22, 2026, with overwhelming majorities. Key approvals include the preferential issue of up to 8.55 lakh equity shares to non-promoters and up to 22.20 lakh convertible warrants to promoter and non-promoter groups. Additionally, members approved changing the company name, altering the main object clause of the Memorandum of Association, shifting the registered office from Telangana to Delhi, and appointing key leadership including Mayank Chawla as Whole-Time Director & CEO.
- Approved issuance of up to 8,55,000 equity shares to non-promoter category on a preferential basis
- Approved issuance of up to 22,20,000 convertible warrants to promoter group and non-promoter category
- Total potential dilution of 30.75 lakh shares represents ~55.5% expansion over existing share capital of 55.44 lakh shares
- Approved change of company name, object clause alteration, and office shift from Telangana to NCT of Delhi
- Regularised appointment of Mayank Chawla as Whole Time Director & CEO for a 5-year tenure
Pankaj Polymers' shareholders have approved the preferential issue of up to 8,55,000 equity shares and up to 22,20,000 convertible warrants at ₹81 per unit. The total potential capital infusion stands at approximately ₹24.91 Cr, representing ~45% of the company's market cap of ₹55 Cr and ~191% of its net worth (₹13 Cr). Equity shares are allocated to non-promoter entities (~₹6.93 Cr), while convertible warrants will be issued to promoter and non-promoter categories (~₹17.98 Cr).
- Approved issue of up to 8,55,000 equity shares at ₹81 per share (~₹6.93 Cr) to Non-Promoter category
- Approved issue of up to 22,20,000 convertible warrants at ₹81 per warrant (~₹17.98 Cr) to Promoter and Non-Promoter groups
- Total potential fundraise amounts to ~₹24.91 Cr (~45% of ₹55 Cr market cap)
- Resolutions passed at the Extra-Ordinary General Meeting held on August 22, 2026
Pankaj Polymers Ltd announced that shareholders approved a complete overhaul of its Object Clause at its EGM on August 22, 2026, marking a complete business pivot from packaging into fintech, digital payments, lending distribution, and IT services. Shareholders also approved changing the company's name to 'Rupia Tech Limited', 'Rupia Fin Limited', or 'Rupia Fintech Limited' (subject to MCA approval). Additionally, the registered office is being shifted from Telangana to NCT of Delhi, subject to Regional Director approval. Pankaj Polymers currently operates at a microcap scale with TTM revenue of Rs 1 Cr and a market cap of Rs 55 Cr.
- Shareholders approved complete substitution of Object Clause III to enter payment systems, payment aggregation, loyalty programs, and financial distribution at the EGM on August 22, 2026.
- Approved name change from Pankaj Polymers Ltd to 'Rupia Tech Limited', 'Rupia Fin Limited', or 'Rupia Fintech Limited' pending MCA certification.
- Approved shifting of registered office from Telangana to NCT of Delhi, subject to Regional Director confirmation.
- Company currently operates with TTM revenue of Rs 1 Cr against a market capitalisation of Rs 55 Cr.
Pankaj Polymers Limited announced that shareholders at the Extra-Ordinary General Meeting held on August 22, 2026, approved the regularization of five directors previously appointed to the board on June 09, 2026. Key approvals include Mr. Mayank Chawla as Executive Director and Whole Time Director & CEO for a period of 5 consecutive years. Additionally, two Non-Executive Non-Independent Directors and two Non-Executive Independent Directors were regularized. The administrative filing confirms shareholder assent for leadership continuity across the board.
- Shareholders approved Mayank Chawla as CEO and Whole Time Director for a tenure of 5 consecutive years.
- Regularized 2 Non-Executive Non-Independent Directors: Mr. Vikas Garg and Mr. Rahul Nagar.
- Regularized 2 Non-Executive Independent Directors: Mr. Siba Narayan Panda and Ms. Richa Kathuria.
- All regularized directors were initially appointed as Additional Directors by the Board on June 09, 2026.
- EGM conducted via Video Conferencing on August 22, 2026 at 03:00 P.M.
Pankaj Polymers Ltd announced the Scrutinizer's Report for its Extraordinary General Meeting (EGM) held on August 22, 2026, where all 12 proposed resolutions were approved by shareholders. Key approvals include the preferential issue of up to 8,55,000 equity shares to non-promoters and 22,20,000 convertible warrants to promoters and non-promoters with over 99.99% voting approval. Additionally, shareholders approved a name change, shifting of the registered office from Telangana to Delhi, alteration in the MOA object clause, and executive board appointments.
- Approved preferential issuance of up to 8,55,000 equity shares to non-promoter investors (99.9998% votes in favor)
- Approved preferential issuance of up to 22,20,000 convertible warrants to promoter and non-promoter categories (99.9998% votes in favor)
- Passed special resolutions for company name change, registered office shift to Delhi, and alteration in the MOA Object Clause
- Appointed and regularised Mayank Chawla as Whole Time Director and CEO for a term of 5 years
Pankaj Polymers reported a net profit of Rs 45.47 Lakhs for Q1 FY27, a significant turnaround from a loss of Rs 17.31 Lakhs in the same quarter last year. Revenue from operations grew 109% YoY to Rs 96.29 Lakhs, representing approximately 74% of the total revenue generated in the entire previous fiscal year (FY26). The company also confirmed a change in control, with new promoters (Sandeep Jain and others) taking over following a mandatory open offer. While the scale remains small with a market cap of Rs 47 Cr, the shift to profitability and management refresh are notable.
- Net Profit of Rs 45.47 Lakhs in Q1 FY27 compared to a loss of Rs 17.31 Lakhs in Q1 FY26.
- Revenue from operations increased by 109% YoY to Rs 96.29 Lakhs from Rs 45.97 Lakhs.
- Other income contributed Rs 87.19 Lakhs, accounting for 47.5% of the total income of Rs 183.48 Lakhs.
- Basic EPS improved to Rs 0.81 from a negative Rs 0.31 in the year-ago period.
- Completion of management change with new promoters Sandeep Jain, Vikas Garg, Rahul Nagar, and Himanshu Arora taking control.
Pankaj Polymers reported a turnaround in Q1 FY27 (ending June 2026), posting a net profit of ₹45.47 Lakhs compared to a loss of ₹17.31 Lakhs in the year-ago period. Revenue from operations grew 109% YoY to ₹96.29 Lakhs, though the company remains highly dependent on 'Other Income' which contributed ₹87.19 Lakhs (47.5% of total income). The filing also confirms a successful change in control, with new promoters taking over following a mandatory open offer and a complete overhaul of the Board and KMP.
- Net Profit turned positive at ₹45.47 Lakhs vs a loss of ₹17.31 Lakhs in Q1 FY26.
- Revenue from operations increased 109% YoY to ₹96.29 Lakhs from ₹45.97 Lakhs.
- Other Income surged to ₹87.19 Lakhs, up from ₹19.01 Lakhs in the previous year's quarter.
- New promoters (Sandeep Jain, Vikas Garg, et al.) have taken control following a Share Purchase Agreement and Open Offer.
- Total expenses rose 60% YoY to ₹122.04 Lakhs, primarily due to raw material costs of ₹96.23 Lakhs.
Pankaj Polymers Ltd has scheduled a board meeting for August 10, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap with a market capitalization of Rs 48 Cr and a very low TTM revenue base of Rs 1 Cr. Despite negative operating margins of -65.4%, the stock has seen a significant 12-month price return of 421.4%. The trading window for insiders has been closed since July 01, 2026, in compliance with SEBI regulations.
- Board meeting scheduled for August 10, 2026, to approve Q1 results
- Trading window closed from July 01, 2026, until 48 hours post-result declaration
- Company reported a TTM revenue of only Rs 1 Cr against a market cap of Rs 48 Cr
- Operating profit margin (OPM) remains deeply negative at -65.4%
- Promoter holding increased to 58.15% in June 2026 from 46.29% in March 2026
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