SMVD Poly Pack Limited (SMVD)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, SMVD Poly's revenue was ₹0.0 Cr, and net profit ₹-2.0 Cr.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-1.0 | loss narrowed | — |
| Net profit | ₹-2.0 | — | to loss |
| EPS (₹) | -1.56 | loss narrowed | to loss |
📢 Recent Corporate Announcements
SMVD Poly Pack has received ₹47.67 crore (₹4,767.24 lacs) against an assessed net fire loss of ₹53.59 crore (₹5,359.14 lacs). To recover the remaining shortfall of approximately ₹5.92 crore, the company has filed a suit against The Oriental Insurance Company Limited in the Calcutta High Court. With operations previously disrupted and revenue near zero (TTM revenue of ₹2 crore), the realized insurance proceeds represent a substantial cash inflow relative to its ₹16 crore market cap, while additional recoveries remain subject to litigation.
- Total insurance claim realized stands at ₹4,767.24 lacs (₹47.67 crore)
- Total net loss assessed by the surveyor was ₹5,359.14 lacs (₹53.59 crore)
- Shortfall of approximately ₹591.90 lacs (₹5.92 crore) is contested in court
- Lawsuit filed against The Oriental Insurance Company Limited in the Calcutta High Court
SMVD Poly Pack Limited has issued a corrigendum to the notice of its 17th Annual General Meeting scheduled for September 28, 2026. The corrigendum rectifies a clerical omission by inserting references to Section 188 of the Companies Act, 2013 across resolutions 6, 7, and 8 concerning material related-party transactions. Remote e-voting for shareholders is scheduled from September 25 to September 27, 2026.
- Corrigendum issued to rectify omission of Section 188 references in Resolutions 6, 7, and 8
- 17th Annual General Meeting scheduled for September 28, 2026 at 10:00 AM IST via VC/OAVM
- Remote e-voting window opens on September 25, 2026 (9:00 AM IST) and closes on September 27, 2026 (5:00 PM IST)
- Proposed appointment of M/s Bhuwania & Associates as Statutory Auditors for a 5-year term until the 22nd AGM in 2031
SMVD Poly Pack Limited announced that it has completed the dispatch of the Notice for its Annual General Meeting along with the Annual Report for FY 2025-26 on September 1, 2026. The documents were sent electronically to members with registered email IDs and via post with web links to unregistered shareholders. This is a routine regulatory intimation with no operational or financial impact on the company.
- Dispatch of AGM Notice and Annual Report for FY 2025-26 completed on September 1, 2026
- Sent electronically to registered email addresses and via postal web links to unregistered shareholders
- Filing submitted pursuant to SEBI Listing Regulations (LODR)
SMVD Poly Pack Limited has issued the notice for its 17th Annual General Meeting scheduled to be held via video conferencing on September 28, 2026. The key agenda items include adopting the audited financial statements for FY2025-26, appointing M/s Bhuwania & Associates as statutory auditors for a five-year term, and re-appointing an Independent Director. The company is also seeking shareholder approval for material related-party transactions with its Managing Director and Chief Financial Officer for FY 2026-27 and 2027-28.
- 17th AGM convened for September 28, 2026, via Video Conference / OAVM.
- Proposed appointment of M/s Bhuwania & Associates as Statutory Auditors for a 5-year term (concluding at the 22nd AGM in 2031).
- Approval sought for material related-party transactions with Chairman & MD Pramod Kumar Agarwal and CFO Prateek Agarwal for FY 2026-27/2027-28.
- Financial statements show FY26 net profit of Rs 3,039.31 Lakhs (EPS of Rs 30.30), largely aided by non-operational surplus fund returns/investment gains.
SMVD Poly Pack Limited has announced September 22, 2026, as the record date for determining member eligibility for its Annual General Meeting (AGM). The Register of Members and Share Transfer Books will be closed from September 23, 2026, to September 28, 2026 (both days inclusive). The AGM is scheduled to be held on September 28, 2026. This is a standard statutory notification submitted under Regulation 42 of SEBI (LODR) Regulations, 2015.
- Record date established as September 22, 2026.
- Book closure period set from September 23, 2026, to September 28, 2026.
- Annual General Meeting scheduled to take place on September 28, 2026.
SMVD Poly Pack Limited announced the outcomes of its Board meeting held on August 21, 2026. The Board approved holding the 17th Annual General Meeting on September 28, 2026, with the record date set as September 22, 2026. Key recommendations include appointing M/s Bhuwania & Associates as Statutory Auditors for a 5-year term up to 2031 and re-appointing Independent Director Sumit Agarwal for another 5-year term from November 12, 2026. The Board also re-appointed internal and secretarial auditors for FY 2026-27 and recommended approval for material related party transactions.
- AGM scheduled for September 28, 2026, with record date on September 22, 2026
- Recommendation to appoint M/s Bhuwania & Associates as Statutory Auditors for a 5-year tenure up to 2031
- Recommended 5-year re-appointment of Independent Director Sumit Agarwal from November 12, 2026, to November 11, 2031
- Re-appointed C.L. Mundhra & Co. (Internal Auditors) and Robin Jain & Associates (Secretarial Auditors) for FY 2026-27
Financial Performance
Revenue Growth by Segment
Revenue from operations fell 98.49% YoY to INR 37.42 Lakhs in FY 2024-25 from INR 2479.32 Lakhs in FY 2023-24. The plastic products segment is the primary revenue driver, while the water coconut segment does not contribute significantly.
Profitability Margins
Gross profit margin decreased from (8.53)% to a gross loss of (424.59)% in FY 2024-25. Net Profit Margin was reported at 2911.79% for FY 2024-25, though this is skewed by a massive revenue drop and exceptional items/other income following a fire.
EBITDA Margin
EBITDA stood at INR 1393.18 Lakhs in FY 2024-25 compared to a loss of INR 5173.19 Lakhs in FY 2023-24. The margin is highly irregular due to the collapse of operational revenue to INR 37.42 Lakhs.
Capital Expenditure
Gross Block decreased to INR 320.57 Lakhs in FY 2024-25 from INR 342.11 Lakhs in FY 2023-24. The company is currently in a rebuilding phase following a fire at its manufacturing facility.
Credit Rating & Borrowing
Not disclosed. However, the company reported that as of November 14, 2025, it has repaid all liabilities to its bankers following the realization of insurance claims, resulting in no outstanding loan facilities.
Operational Drivers
Raw Materials
Plastic raw materials (polymers) for the plastic products segment, representing the bulk of material costs.
Capacity Expansion
The company is preparing and executing a 'proposed project' following the realization of insurance claims to restore operations after a fire destroyed its manufacturing facility.
Raw Material Costs
Cost of materials consumed was INR 13.04 Lakhs for the half-year ended September 30, 2025. Procurement strategies are currently focused on restoring the supply chain post-fire.
Manufacturing Efficiency
Manufacturing efficiency was severely compromised by the fire; revenue from operations for H1 FY 2025-26 was only INR 8.38 Lakhs.
Strategic Growth
Growth Strategy
Growth will be achieved through the execution of a new proposed project and the restoration of manufacturing capacity using insurance proceeds. The company aims to strengthen quality control and operational efficiency to differentiate its offerings in domestic and global markets.
Products & Services
Plastic products (packaging) and water coconut.
Market Expansion
The company is targeting both domestic and global markets by investing in compliance and sustainability to differentiate its plastic products.
External Factors
Industry Trends
The plastic packaging industry is moving toward increased sustainability, compliance, and operational efficiency. SMVD is positioning itself by strengthening quality control to compete in global markets.
Competitive Landscape
The company faces competition in the plastic products segment and is attempting to differentiate through quality and compliance.
Competitive Moat
The company currently lacks a sustainable moat as its net worth is eroded (negative INR 1956.12 Lakhs) and it is in a recovery phase following a catastrophic fire.
Macro Economic Sensitivity
Sensitive to economic developments in India and changes in tax laws or power costs.
Regulatory & Governance
Industry Regulations
Operations are subject to manufacturing standards and pollution norms relevant to the plastic products industry.
Environmental Compliance
The company is investing in compliance and sustainability to meet industry standards for plastic products.
Legal Contingencies
The company reported no pending litigations that would impact its financial position as of March 31, 2025.
Risk Analysis
Key Uncertainties
Material uncertainty exists regarding the company's ability to continue as a going concern due to the erosion of share capital and reserves, with accumulated losses exceeding net worth (negative INR 1956.12 Lakhs).
Third Party Dependencies
High dependency on insurance claim settlements and the successful execution of the proposed project to resume operations.
Credit & Counterparty Risk
Receivables quality is a concern as the Debtors Turnover Ratio fell from 5.22 to 0.57 YoY.
