Dear Members,
Your Directors have the pleasure of presenting their report and the Standalone and Consolidated Audited Accounts of your Company for the Financial Year ended March 31,2026. These results are to be seen in the context of the restructuring where the Rotational Moulding business of your Company was demerged into a separate Company, effective March 31,2026.
In compliance with the applicable provisions of Companies Act, 2013, (including any statutory modification(s) or reenactments) thereof, for time being in force) ("Act") and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), this report covers the financial results and other developments during the financial year ended March 31,2026 and upto the date of the Board Meeting held on May 20, 2026 to approve this report, in respect of the Company.
FINANCIAL PERFORMANCE:
The Companys financial performance for the Financial Year ended March 31,2026 is summarized below:
| Standalone | Consolidated | |||
| Particulars | Year ended March 31, 2026 | Year ended March 31, 2025 | Year ended March 31, 2026 | Year ended March 31, 2025 |
| Continue Operations | ||||
| Revenue from Operations | 8,664.59 | 8,095.59 | 15,980.67 | 14,265.10 |
| Other Income | 8,74.94 | 768.10 | 114.53 | 38.12 |
| Total Income | 9,539.53 | 8,863.99 | 16,095.20 | 14,303.22 |
| Total Expenditure | 8,009.90 | 7,648.56 | 13,263.21 | 12,228.79 |
| Profit before Depreciation, Finance Cost and Tax | 1,529.63 | 1,215.43 | 2,831.99 | 2,074.43 |
| Less : Depreciation, Amortisation and Impairment | 241.69 | 251.59 | 541.05 | 476.02 |
| Less : Interest and Finance Cost | 218.11 | 254..74 | 219.18 | 262.31 |
| Profit before Tax and Share in Profit of Joint Venture of Continue Operations | 1,069.83 | 709.10 | 2,071.76 | 1,336.10 |
| Share of Profit of Joint Venture | - | - | 898.67 | 1,119.74 |
| Profit Before Tax from Continue Operations | 1,069.83 | 709.10 | 2,970.43 | 2,455.84 |
| Less : Current Tax | 238.99 | 206.29 | 653.97 | 551.50 |
| Deferred Tax | (12.91) | (10.86) | (12.91) | (10.85) |
| Profit after Tax from Continue Operations | 843.75 | 513.67 | 2,329.37 | 1,915.19 |
| Discontinue Operations | ||||
| Profit / (Loss) Before Tax from Discontinue Operations | (270.02) | (95.03) | (270.02) | (95.03) |
| Less : Taxes | (67.24) | (3.81) | (67.24) | (3.81) |
| Profit / (Loss) after Tax from Discontinue Operations | (202.78) | (91.22) | (202.78) | (91.22) |
| Other Comprehensive Income / (Loss) from Continue Operations | 6.61 | (18.21) | 2,126.59 | 1,823.97 |
| Other Comprehensive Income / (Loss) from Discontinue Operations | 0.37 | - | 0.37 | 161.40 |
| Total Comprehensive Income | 647.95 | 404.24 | 3,684.49 | 1,985.37 |
| Add : Balance b/f from previous year | 5,001.69 | 4,597.44 | 14,378.30 | 12,719.32 |
| Less: Transferred in pursuant to the scheme of demerger | (2,191.65) | - | (2,191.65) | - |
| Add / (Less):Cancellation of investment on account of demerger scheme | (100) | - | 8.32 | - |
| Balance available for appropriation | 5,852.04 | 5,001.69 | 14,393.50 | |
| Appropriation : | ||||
| Balance c/f | 3,659.39 | 5,001.69 | 14,393.50 | 14,421.27 |
| Less : Dividend Paid | 220.01 | - | 220.01 | 46.12 |
| Less : General Reserve | - | - | ||
| Balance c/f to Balance Sheet | 3,439.38 | 5,001.69 | 14,175.29 | 14,378.30 |
* FY2025 and FY2026 numbers are from continuing operations only, hence, strictly not comparable.
The above figures are extracted from the audited standalone and consolidated financial statements of the Company as per the Indian Accounting Standards ("Ind AS").
The financial statements for the Financial Year ended March 31, 2026 have been prepared in accordance with Ind AS, notified under the Companies (Indian Accounting Standards) Rules, 2015, read with Section 133 of Act and other relevant provisions of the Act.
There are no material departures from the prescribed norms stipulated by the accounting standards in preparation of the annual accounts. Accounting policies have been consistently applied, except where a newly issued accounting standard, if any, initially adopted, or a revision to an existing accounting standard, required a change in the accounting policy hitherto in use.
The Company discloses unaudited consolidated and standalone financial results on a quarterly basis, which are subject to limited review, and publishes audited consolidated and standalone financial results annually.
A detailed analysis of the Companys performance, consolidated as well as standalone, is included in the Management Discussion and Analysis Report, which forms an integral part of this Annual Report.
PERFORMANCE:
On a consolidated basis, the revenue from operations for FY 2025-26, was Rs 15,980.67 Lakhs which increased by 12.02% compared to Rs 14,265.10 Lakhs for the previous year 2024-25. However, the consolidated EBITDA increased to Rs 3,730.66 Lakhs for FY 2025-26 which is 9.30% higher than that of the previous year 2024-25 i.e. Rs 3,413.20 Lakhs.
On a standalone basis, the revenue from continuing operations for FY 2025-26, was Rs 8,664.59 Lakhs which increased by 7.027% compared to Rs 8,095.89 Lakhs for the previous year 2024-25. The standalone EBITDA increased to Rs 1,529.63 Lakhs for FY 2025-26 which is 25.85% higher than that of the previous year 2024-25 i.e. Rs 1,215.44 Lakhs.
HOLDING, SUBSIDIARY & JOINT VENTURE COMPANIES:
| Sr. No. | Name of the Holding/ Subsidiary/ Associate Companies/ Joint Ventures | Indicate whether Holding/Subsidiary/ Associate/ Joint Venture | % of shares held by listed entity |
| 1 | Prima Union Plasticos S.A. Guatemala, Central America | Subsidiary | 90 |
| 2 | Prima Dee-Lite Plastics SARL Cameroon, West Africa | Joint Venture | 50 |
A statement containing salient features of the financial statements of Subsidiary/ Joint Venture and Resulting Company in Form AOC-1 as required under Section 129 (3) of the Act is attached as Annexure I to this report.
Further, pursuant to the provisions of Section 136 of the Act, the financial statements of the Company and separate audited financial statements in respect of its subsidiary, are available on the Companys website at https://primaplastics.com/pages/financial-reports#subsidiary-financials.
The Board of Directors of the Company has adopted a policy for determining Material Subsidiary Company in line with Listing Regulations. The Policy is uploaded on the website of the Company at https://primaplastics.com/pages/corporate-governance#codes-policies.
TRANSFER TO RESERVES:
The Company has not transferred any amount to General Reserve during year under review.
RETURNS TO INVESTORS (DIVIDEND):
The Board of Directors at its meeting held on May 20, 2026 has recommended a Final Dividend of Rs 2/- (20%) per Equity Share having face value of Rs 10/- each for FY 2025-26, subject to approval of shareholders at the ensuing Annual General Meeting (AGM") of the Company.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
Pursuant to Regulation 34 of the Listing Regulations, the Management Discussion and Analysis Report for the year under review, is presented in a separate section, forming part of this Annual Report.
SCHEME OF ARRANGEMENT - DEMERGER:
The Honble National Company Law Tribunal, Ahmedabad Bench allowed the Scheme of demerger between Prima Plastics Limited and Prima Innovation Limited and their respective shareholders and creditors and pronounced the Order on March 16, 2026. The Company had received the certified true copy of the final Order on March 24, 2026, pursuant to which, the said Order was filed with the Registrar of Companies, Goa, on March 31,2026, making the Scheme effective and conclusively transferring the rotational moulding business of Prima Plastics Limited to Prima Innovation Limited.
CREDIT RATING:
CRISIL has assigned the Long Term Rating CRISIL BBB+/Watch Developing and Short Term Rating CRISIL A2/ Watch Developing on the bank loan facilities of the Company.
INVESTOR EDUCATION AND PROTECTION FUND (IEPF):
Section 124 of the Companies Act, 2013 read with Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 ("the Rules") mandates the Companies to transfer dividend that has remained unpaid/unclaimed for a period of seven years in the unpaid dividend account to the Investor Education and Protection Fund (IEPF).
Pursuant to the applicable provisions of the Act and Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (IEPF Rules"), as amended from time-to-time, the declared dividends, which remained unpaid or unclaimed for a period of 7 (seven) years and shares in relation to such unpaid/unclaimed dividend shall be transferred by the Company to the Investor Education and Protection Fund (IEPF) established by the Central Government.
As required under section 124 of the Act, unclaimed dividend amount aggregating to Rs 4,73,008/- lying with the Company for a period of seven years pertaining to the financial year 2017-18 along with the shares thereof were transferred during the financial year 2025-26, to IEPF established by the Central Government. The Members have an option to claim their shares and/or amount of dividend transferred to IEPF. The Company has sent notices to respective shareholders who have not claimed a dividend for 7 (seven) consecutive years and whose shares were liable to be transferred to IEPF during the financial year. Any shareholder who has a claim on such dividend is requested to contact our Registrar and Share Transfer Agent, M/s Bigshare Services Pvt Ltd. The details of the unclaimed dividend as on March 31,2026 is available on the Companys website at https://primaplastics.com/cdn/shop/files/UnpaidandUnclaimedDividendb4d90736-f37d-4611-b0a8-99aaa23b427a.pdf?v=12370509168566122549
Section 124(6) of Companies Act, 2013, read with IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016, mandates transfer of underlying shares in respect of which dividend has not been paid or claimed for seven consecutive years or more in the name of Investor Education and Protection Fund. During the year under review, the Company has transferred shares to the IEPF Authority pursuant to the aforesaid rule for the financial year 2017-18.
DEPOSITS:
Your Company has not accepted any deposits under Chapter V of the Act during the financial year and as such, no amount on account of principal or interest on deposits from public is outstanding as on March 31,2026.
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:
The details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Act read with the Companies (Meetings of Board and its Powers) Rules, 2014 are given in the Notes to the Financial Statements.
DIRECTORS:
Members of the Companys Board of Directors are eminent persons of proven competence and integrity. Besides experience, strong financial acumen, strategic astuteness and leadership qualities, they have a significant degree of commitment to the Company and devote adequate time to meetings and preparation.
In terms of requirement of Listing Regulations, the Board has identified core skills, expertise and competencies of the Directors in the context of the Companys business for effective functioning and how the current Board of Directors is fulfilling the required skills and competencies is detailed at length in the Corporate Governance Report.
Mr. Dilip M. Parekh (DIN: 00166385) retires by rotation at the ensuing AGM and being eligible, offers himself for reappointment. A resolution seeking members approval for his re-appointment along with other required details forms part of the Notice.
Pursuant to the provisions of Section 149(7) of the Act, all the Independent Directors of the Company have submitted declarations that they meet the criteria of independence as provided in Section 149(6) of the Act along with Rules framed thereunder and Regulation 16(1)(b) of the Listing Regulations. The Independent Directors have also confirmed that they have complied with Schedule IV of the Act and the Companys code of conduct. The said Code is available on the website of the Company at
https://primaplastics.com/cdn/shop/files/Code_of_Conduct_for_Directors_and_Senior_Management_Personnel.pdf?v=11625807280262608470
Further, in terms of Section 150 of the Act read with Rule 6 of the Companies (Appointment and Qualifications of Directors) Rules, 2014, Independent Directors of the Company have confirmed that they have registered themselves with the databank maintained by the Indian Institute of Corporate Affairs and have passed the proficiency test, if applicable to them.
The Board is of the opinion that all Directors including the Independent Directors of the Company possess requisite qualifications, integrity, expertise and experience in the fields of manufacturing, technology, digitalisation, strategy, finance, governance, human resources, safety, sustainability, etc.
KEY MANAGERIAL PERSONNEL:
Pursuant to the provisions of Section 203 of the Act, the Key Managerial Personnel ("KMP") of the Company as on March 31, 2026 are Mr. Bhaskar M. Parekh, Whole-time Director, Mr. Dilip M. Parekh, Managing Director, Mr. Dharmesh R. Sachade, Chief Financial Officer and Ms. Nehal Goyal, Company Secretary & Compliance Officer.
During the year ended March 31, 2026, Ms. Prachi M. Mankame had resigned from the post of Company Secretary and Compliance Officer effective from the close of business hours of December 06, 2025.
During the year, Ms. Nehal Goyal was appointed as Company Secretary & Compliance Officer w.e.f. February 11,2026. SHARE CAPITAL:
The Companys paid-up equity share capital as on March 31, 2026 continues to stand at Rs 1,100.05 lakhs divided into 11000470 equity shares of face value of Rs 10 each. During the year under review, the Company has not issued any shares or convertible securities. The Company does not have any scheme for the issue of ESOP shares, including sweat equity to its Employees or Directors. The Company has not resorted to any buyback of its Equity Shares during the year under review.
ANNUAL EVALUATION BY THE BOARD:
Pursuant to applicable provisions of the Act, and the Listing Regulations, the Board has carried out annual evaluation of its own performance, performance of the Directors including Chairmans assessment as well as the evaluation of the working of its Committees.
The Board sought the feedback of Directors on various parameters including:
Structure, composition and role clarity of the Board and Committees;
Extent of co-ordination and cohesiveness between the Board and its Committees;
Effectiveness of the deliberations and process management.
In a separate meeting of the Independent Directors held on March 24, 2026, the performance of non-independent directors, the Board as a whole and Chairperson of the Company was evaluated.
The Board Evaluation Report for the financial year 2025-26 was adopted at the Board Meeting held on May 20, 2026.
Based on the outcome of the evaluation, the Board and its Committees have agreed on various action points, which would result in the Board, its Committees and each Director playing more meaningful roles to increase shareholder value.
DIRECTORS RESPONSIBILITY STATEMENT:
Pursuant to Section 134(5) of the Act, the Board of Directors to the best of its knowledge and ability, confirms that:
a) in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;
b) the directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at the end of the financial year and the profit of the Company for that period;
c) the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
d) the directors have prepared the annual accounts on a going concern basis;
e) the directors have laid down internal financial controls followed by the Company and that such internal financial controls are adequate and were operating effectively; and
f) the directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.
CORPORATE GOVERNANCE:
Your Company is committed to maintain the highest standards of Corporate Governance and believes in adopting best practices of Corporate Governance. The report on Corporate Governance as stipulated under the Listing Regulations together with a certificate from Mr. Prashant Diwan, Practicing Company Secretary, confirming compliance with the conditions of Corporate Governance forms part of this Annual Report.
BOARD MEETINGS:
Regular meetings of the Board are held to discuss and decide on various business policies, strategies, financial matters and other businesses. Four (4) meetings of the Board were held during the financial year 2025-26. For details of meetings of the Board, please refer to the Corporate Governance Report which forms a part of this Annual Report.
COMMITTEES:
The details pertaining to Committees of the Board are included in the Corporate Governance Report which forms part of this Annual Report.
CORPORATE SOCIAL RESPONSIBILITY:
In accordance with the provisions of Section 135 of the Act and the rules made thereunder, your Company has constituted Corporate Social Responsibility (CSR) Committee of Directors. The role of the Committee is to review and monitor CSR activities of the Company and recommend to the Board the amount to be spent on CSR annually. The Committee presently consists of three (3) Directors of which Chairperson of the Committee is a Non-Executive, Independent Director.
During the financial year 2025-26, the Company was required to spend Rs 10,03,436 as Corporate Social Responsibility expenditure for the FY 2025-26 as per the financials dated March 31,2025. The Company spent Rs 10,11,000 against the said CSR expenditure through various implementation agencies. The annual report on CSR activities for financial year 2025-26 as per the Rule 8 of Companies (Corporate Social Responsibility Policy) Rules, 2014, as amended is enclosed as Annexure II to the Boards Report.
The CSR policy, formulated by the Committee and approved by the Board can be accessed at https://primaplastics.com/cdn/shop/files/Corporate Social Responsibility Policy.pdf?v=11144551291064209270
NOMINATION AND REMUNERATION COMMITTEE:
The current policy is to have an appropriate mix of executive, non-executive and independent directors to maintain the independence of the Board and separate its functions of governance and management. As of March 31, 2026, the Board has six (6) members, consisting of two (2) executive directors, a (1) non-executive and non-independent director and three (3) independent directors. Details of the Companys policy on Directors appointment and remuneration including criteria for determining qualifications, positive attributes, independence of a director and other matters is available on the website of the Company at
https://primaplastics.com/cdn/shop/files/Nomination Remuneration Committee Charter.pdf?v=11084448210954571245 INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:
Your Company maintains an adequate and effective internal control system commensurate with its size and complexity. We believe that these internal control systems provide, among other things, a reasonable assurance that transactions are executed with managements authorization and that they are recorded in all material respects to permit preparation of financial statements in conformity with established accounting principles and that the assets of your Company are adequately safe guarded against significant misuse or loss. An independent internal audit function is an important element of your Companys internal control system. The internal control system is supplemented through an extensive internal audit programs and periodic review by Management and Audit Committee.
Your Company has in place, adequate Internal Financial Controls with reference to financial statements. During the year, such controls were tested and no reportable material weaknesses were observed.
RISK MANAGEMENT:
The Board of Directors have framed a Risk Management Policy for identification of elements of risk if any, which in the opinion of the Board may threaten the existence of the Company and is designed to identify, assess and frame a response to threats that effect the achievement of its objectives.
CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES:
All contracts or transactions entered by the Company during the financial year under review with related parties were in the ordinary course of business and on an arms length basis.
During the year, the Company has not entered into any contracts / arrangements / transactions which are required to be reported in Form No. AOC-2 in terms of Section 134(3)(h) read with Section 188 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014 and hence does not form part of this Boards Report.
The policy on materiality of related party transactions as approved by the Board can be accessed on Companys website at https://primaplastics.com/cdn/shop/files/PolicyonRelatedPartyTransactions.pdf?v=16541232058883552448
In accordance with Ind AS 24, the related party transactions are also disclosed in the notes to the standalone financial statements.
AUDITORS:
STATUTORY AUDITOR:
The Members at the 28th AGM held on August 17, 2022, approved the appointment of C N K & Associates LLP, Chartered Accountants (Firm Registration No. 101961W/W-100036), for a term of 5 (Five) years to hold office till the conclusion of 33rd AGM of the Company to be held in the year 2027.
The report given by the Statutory Auditors on the financial statements of the Company forms a part of the Annual Report. There are no qualifications, reservations, adverse remarks or disclaimers given by the statutory auditors in their report.
SECRETARIAL AUDITOR:
The Members at the 31st AGM held on August 12, 2025, approved the appointment of Mr. Prashant Diwan, Practicing Company Secretary (FCS: 1403 / COP 1979) as Secretarial Auditor of the Company, for a term of 5 (Five) years from April 01,2025 till March 31,2030 to carry out Secretarial Audit of the Company. The Secretarial Audit Report for the financial year ended March 31, 2026 pursuant to the provisions of Section 204 of the Act is annexed herewith this report as Annexure III. The Secretarial Audit Report is self-explanatory and does not call for any further comments. The Secretarial Audit Report does not contain any qualifications, reservations or adverse remarks.
During the year, your Company has complied with applicable Secretarial Standards, i.e., SS-1 and SS-2, relating to Meetings of the Board of Directors" and General Meetings" respectively.
INTERNAL AUDITOR:
The Board, based on the recommendation the Audit Committee, at its meeting held on May 20, 2026 has appointed M/s Shah Valera & Associates, Chartered Accountants, as the Internal Auditor for the FY 2026-27.
COST RECORDS AND COST AUDIT:
As per the provisions of Section 148 of the Companies Act, 2013 and the relevant rules thereof, the Company is required to maintain cost records. However, Cost Audit is not applicable for the business activities carried out by the Company.
REPORTING OF FRAUDS BY AUDITORS:
During the year under review, neither the Statutory Auditors nor the Secretarial Auditor has reported to the Audit Committee under Section 143(12) of the Act any instances of fraud committed against the Company by its officers or employees.
MATERIAL CHANGES AND COMMITMENTS:
There were no material changes and commitments which affect the financial position of the Company which have occurred between the end of the financial year to which the financial statements relate and date of this report.
There has been no change in the nature of business of the Company.
SIGNIFICANT AND MATERIAL ORDERS:
The Honble National Company Law Tribunal, Ahmedabad Bench allowed the Scheme of demerger between Prima Plastics Limited and Prima Innovation Limited and their shareholders and creditors and pronounced the Order on March 16, 2026. The Company had received the certified true copy of the final Order on March 24, 2026, pursuant to which, the said Order was filed with the Registrar of Companies, Goa, on March 31, 2026, making the Scheme effective and conclusively transferring the rotational moulding business of Prima Plastics Limited to Prima Innovation Limited.
DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 (31 OF 2016) DURING THE YEAR ALONGWITH THEIR STATUS AS AT THE END OF THE FINANCIAL YEAR:
There were neither any applications made under the Insolvency and Bankruptcy Code, 2016, nor any proceedings were pending.
DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF:
Not Applicable.
ANNUAL RETURN:
Pursuant to Sections 92(3) and 134(3) of the Act, Annual Return (in e-form MGT-7) for the financial year ended March 31, 2026 is available on the Companys website at https://primaplastics.com/pages/corporate-governance#shareholder- meeting
PARTICULARS OF EMPLOYEES:
The particulars of employees as required under Section 197 of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016 is attached as Annexure IV to this report.
HUMAN RESOURCES:
Employees being the key assets to any organization, your Company is committed to creating a safe and healthy work environment, where every employee is treated with respect and is able to work without fear of discrimination, prejudice, gender bias or any form of harassment at the workplace.
Your Companys total employees as on March 31,2026 were 342.
The Company has in place a policy on prevention against sexual harassment, which is frequently communicated among the employees of the Company through various programs at regular intervals. The Company has set up an Internal Complaints Committees at every location where it operates in India, which have men and women Committee Members.
The following are the summary of the complaints received and disposed of during FY 2026:
| Particulars | Details |
| No. of complaints of sexual harassment received in the year | Nil |
| No. of complaints disposed of during the year | Nil |
| No. of cases pending for more than ninety days | Nil |
Further, the company has complied in relation to the provisions of Maternity Benefits Act, 1961.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:
The particulars relating to conservation of energy, technology absorption, foreign exchange earnings and outgo, as required to be disclosed under the Act, is annexed herewith as Annexure V to this report.
VIGIL MECHANISM / WHISTLE BLOWER POLICY:
Over the years, the Company has established a reputation for doing business with integrity and maintained zero tolerance for any form of unethical behaviour. The Company has a Whistle Blower Policy and has established the necessary vigil mechanism for Directors and Employees in accordance with the provisions of the Act and Listing Regulations, to report concerns about unethical behaviour. Your Company has provided a dedicated e-mail address for reporting such concerns. All cases registered under Whistle Blower Policy of your Company are reported to and are subject to the review by the Audit Committee. The Board adopted revised policy at its meeting held on May 20, 2026 to align the policy with the new purpose, strategy, and safety leadership principles of the Company.
ACKNOWLEDGEMENT:
The Board wishes to place on record its sincere appreciation of the efforts put in by your Companys employees for achieving encouraging results. The Board also wishes to thank the members, distributors, vendors, customers, bankers, Government and all other business associates for their support during the year.
| For and on behalf of the Board of Prima Plastics Limited |
| Bhaskar M. Parekh |
| Whole-time Director & Executive Chairman |
| DIN:00166520 |
| Place: Mumbai |
| Date: May 20, 2026 |
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