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PLASTIC PRODUCTS LIMITEDSMEEquity2025-04-012026-03-312026-05-292026-05-25INRLakhsHalf YearlyYearlySingle segmentManufacture of uPVC & Electric Conduits2026-05-2912:00:002026-05-2916:45:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2026-03-13https://balcopipes.com/investors/policiestrue1falseNot Applicable2025-10-012026-03-31UnauditedStandalone23755600011480002387040001626890000-2341000250460005147000488000043864000239285000-5810000-5810000-5810000-769000-76900018800000018800018800043683000100.040.040.01090.00580.0198Notes to the Audited Financial Results for the Year ended 31st March 2026. <BR> <BR> 1. Corporate Information: Solve Plastic Products Limited (also known as Balco Pipes) has listed its shares on the Emerge Platform of National Stock Exchange (NSE) on August 21, 2024, wherein the company issued 13,02,000 equity shares of Rs.10 each at a premium of Rs. 81 each by way of initial public offer ("IPO"). The company is engaged in the business of manufacturing uPVC Pipes and Electric Conduits, particularly used in real-estate sector. <BR> <BR> 2. Listing Information: The equity shares of the company were listed on August 21, 2024 during the current financial year and these financial results represent the second set of financial results as a listed entity. <BR> <BR> 3. Date of Approval: The above financial results of the Company for the year ended March 31, 2026 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their respective meetings held on the May 29, 2026. <BR> <BR> <BR> 4. Basis of Preparation: As per Rule 4 of Companies (Indian Accounting Standards) Rules, 2015, the companies whose securities are listed on the SME exchange as referred to in Chapter XB of SEBI (Issue of Capital and Disclosure Requirements) Regulation, 2009, are exempted from the compulsory requirement of adoption of IND-AS. Accordingly, these financial results for the year ended March 31, 2026 have been prepared in accordance with the Accounting Standards (AS) prescribed under section 133 of the Companies Act, 2013, read with relevant rules issued thereunder, and other generally accepted accounting principles. <BR> <BR> 5. The figures for the half year ended 31st March 2026 represent the balancing figures between audited figures in respect of the full financial year ended 31st March 2026 and the unaudited figure for the half year ended up to 30th September 2025. <BR> <BR> 6. Segment Reporting: The provisions of AS 17 "Segment Reporting" do not apply to the company, since it operates only in a single segment, ie., manufacture of uPVC Pipes and electric conduits and do not have any other reportable business or geographical segment as on the reporting date. <BR> <BR> 7. There were no investor complaints received / pending as on March 31, 2026. <BR> <BR> <BR> <BR> <BR> <BR> 8. Other Disclosures: <BR> <BR> a) Earning per Equity Share (EPS) have been calculated on the weighted average of share capital received by the company for the year ended March 31, 2026. <BR> <BR> b) The Company does not have any Holding / subsidiary / Joint Venture / Associate concern, as on any of the reporting dates. <BR> c) The figures for the previous periods/year have been regrouped / reclassified, wherever necessary, to conform to current period’s grouping. <BR> <BR> d) There are no Exceptional items or Extra-ordinary items which is required to be disclosed in the financial statements. <BR> <BR> 2025-04-012026-03-31AuditedStandalone45581500053600004611750002938560000-4025000548180001047200095610009051900045520100059740000597400005974000016040001604000437000000043700004370000436830001060468000110.01090.01070.0248Power and fuel9866000Carriage outwards1559000Discount allowed2682000Contract Labour Charges3765000Travelling and conveyance2737000Market development expenses5555000Vehicle running expenses3885000Lease Rent3600000Repairs to machinery1211000Other Expenses9004000Power and fuel20167000Carriage outwards3632000Discount allowed9292000Contract Labour Charges7634000Travelling and conveyance6979000Market development expenses9161000Vehicle running expenses6996000Lease Rent7200000Repairs to machinery2627000Other Expenses168310004368300060468000010415100000197030000079090002761200093600000745600046221000536770001135500041220001627540002945170005539500019330003075600088084000018783000003981000110848000085082000434540003700029821000229800002295000183669000294517000Not ApplicableOther current liabilities11355000Security deposit3981000Prepaid expense2258000Discount receivable370001019200095610000000000019753000-24796000789000-131900038532000-5700000-6150006891000266440003261800000-3370000032281000003228100000000000036695000027000000000337000000-3662800000-36628000000352610002055100001019200000451800000451800017100001710002968600029857000Solve Plastic Products Ltd******Sudheer Kumar B******Managing DirectorRemuneration1808000Favourable1723000104000124000Solve Plastic Products Ltd******Susil Kumar******Whole-Time DirectorRemuneration623000Favourable57000044000311000Solve Plastic Products Ltd******Aravind S Kumar******Executive Director upto August 2025 & Member of Promoter GroupRemuneration1000000Favourable10070007800069000Solve Plastic Products Ltd******Shankar S Kumar******Executive Director upto August 2025 & Member of Promoter GroupRemuneration1000000Favourable10140007800081000Solve Plastic Products Ltd******Govind Vinod******Executive Director upto August 2025 & Relative of Promoter GroupRemuneration1000000Favourable10250007900083000Solve Plastic Products Ltd******Divya A******Key Managerial PersonnelRemuneration900000Favourable8520006900071000Solve Plastic Products Ltd******Merlin Roy******Key Managerial PersonnelRemuneration305000Favourable269000051000Solve Plastic Products Ltd******GBN Associates LLP******Limited Liability partnership in which director is a partnerPurchase of goods or services8000000Favourable7675000-12000-82000Solve Plastic Products Ltd******Solve Plastics Products******Proprietorship concern of managing directorSale of goods or services5000Favourable200060550004109000Solve Plastic Products Ltd******ASK Agencies******Proprietorship concern of director - 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