Polysil Irrigation Systems Limited Approves Quarterly Results; Reports Financial Performance and Fund Utilization Status
Polysil Irrigation Systems Limited (POLYSIL) has announced the results of its Board Meeting held on August 14, 2026. The meeting included the consideration and approval of the Unaudited Standalone Financial Results for the quarter ended June 30, 2026, alongside the Limited Review Report.The company's financial performance reflects varied figures when compared across reporting periods. For the quarter ending June 30, 2026, the company reported a Total Income of 511.20 INR Lakhs, against total expenses of 451.29 INR Lakhs, resulting in a net profit (loss) from continuing operations of 20.09 INR Lakhs.
Key financial highlights for Polysil Irrigation Systems Limited across the recent periods are summarized below:
| Financial Metric | Q ended June 30, 2026 (INR Lakh) | Q ended March 31, 2026 (INR Lakh) | Q ended June 30, 2025 (INR Lakh) |
|---|---|---|---|
| Net Sales or Revenue from Operations | 509.45 | 152225 | 2619 |
| Total Income | 511.20 | 1614.28 | 26.19 |
| Total Expenses | 451.29 | 1310.92 | 149.88 |
| Profit/(loss) from Continuing Operations | 20.09 | 293.61 | -123.69 |
The company's standalone financial results for the quarter ended June 30, 2026, were prepared in accordance with Indian Accounting Standards 34 (Interim Financial Reporting). The report confirmed that the company operates a single segment: HDPE/LLDPE/LDPE.
Status of Fund Utilization
The Board meeting also adopted statements concerning the utilization and deviation from objects for funds raised through three modes: Initial Public Offer (IPO), Preferential Issue (Equity), and Preferential Issue (Warrants). The reports provide transparency on how the raised amounts were deployed by Polysil Irrigation Systems Limited.Details regarding the utilization of proceeds are presented as follows:
| Mode of Fund Raising | Amount Raised | Utilized Amount | Unutilized Balance |
|---|---|---|---|
| Public Issue (IPO) | 779.76 Lakhs | 772.69 Lakhs | 7.07 Lakhs |
| Preferential Issue (Equity) | 31959.28 Lakhs | 0.00 | Not applicable |
| Preferential Issue (Warrant) | 2125.02 Lakhs | 0.00 | Not applicable |
In the Public Issue funds, the utilized amount totaled 772.69 Lakhs out of the 779.76 Lakhs raised, with the unutilized balance held in the Escrow Public Issue Account. For the Preferential Issue (Equity), the entire amount was allocated towards Working Capital Requirements for upscaling and upgradation of existing products, totaling 500.00 INR Lakhs, out of a total allocation of 1959.28 INR Lakhs originally disclosed in the offering document.
The company also noted that there are no investors complaints pending as on June 30, 2026.
POLYSIL Stock Price Movement
Polysil Irrigation Systems Limited saw its shares tumble today, settling at ₹70.95 after shedding 4.96% of their value in post-market trading. This steep decline drove the stock to a definitive 52-week low, as evidenced by the 4,500 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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