Injeto Polymers Limited’s Sampark loan balance reached Rs 16.17 crore

Injeto Polymers Limited (Injeto Polymers) reported a Rs 16.17 crore loan payable to Sampark Consultants Limited at March 31, 2026, compared with Rs 35.32 lakh a year earlier. Injeto Polymers borrowed Rs 16.82 crore from Sampark Consultants during FY26, while total related-party transactions equalled 14.97% of revenue from operations.

How did Injeto Polymers' Sampark loan balance reach Rs 16.17 crore?

Injeto Polymers' loan payable to Sampark Consultants reached Rs 16.17 crore at March 31, 2026 after Rs 16.82 crore of loans taken and Rs 1.01 crore repaid during FY26. Sampark Consultants is listed among enterprises in which promoters, directors, key managerial personnel or their relatives can exercise significant influence. The FY26 borrowing was equal to 4.48% of Injeto Polymers' Rs 375.53 crore revenue from operations.

The balance increased from Rs 35.32 lakh at March 31, 2025, while no Sampark Consultants loan payable was disclosed at March 31, 2024. The movement is consistent with the FY26 opening payable, the Rs 16.82 crore loan taken and the Rs 1.01 crore repayment. Injeto Polymers also reported Rs 31.15 lakh of interest paid to Sampark Consultants in FY26, compared with Rs 36,000 in FY25.

Sampark Consultants was the largest disclosed related-party loan payable at March 31, 2026. The next-largest balance was Rs 1.65 crore payable to Suman Towers Private Limited, followed by Rs 58 lakh payable to Suman Financial Advisory Private Limited. Other listed related-party loan payables were Rs 15 lakh to Vinayak Tie-Up Private Limited, Rs 14.50 lakh to Nivedeeka Commercial Private Limited and Rs 5 lakh to Nilkanth Commercial Private Limited.

How large were Injeto Polymers' related-party dealings relative to revenue?

Injeto Polymers' related-party transactions were Rs 56.21 crore in FY26, or 14.97% of revenue from operations, down from 23.66% in FY25 and 32.01% in FY24. The financial statements classify these transactions by relationships with promoters, directors, key managerial personnel, their relatives and enterprises subject to their significant influence. The annual total includes goods sales and purchases, loans, repayments, interest, rent, remuneration and manpower charges.

The FY26 transaction total was lower than Rs 61.87 crore in FY25 but higher than Rs 34.90 crore in FY24. Revenue from operations rose to Rs 375.53 crore in FY26 from Rs 261.48 crore in FY25 and Rs 109.05 crore in FY24. Therefore, the related-party transaction ratio declined in FY26 alongside both a lower annual transaction value than FY25 and a higher revenue base.

The Rs 56.21 crore total is a measure of transactions recorded during FY26 rather than a measure of unsettled balances at March 31, 2026. For example, the Rs 16.17 crore Sampark Consultants payable was a year-end borrowing balance, whereas the Rs 16.82 crore loan taken and Rs 1.01 crore repaid were FY26 transaction flows. This distinction matters because purchases, sales and financing flows can be settled before the year-end date.

Which goods, sales and rent dealings were reported in FY26?

Injeto Polymers continued to report goods purchases and sales with promoter-influenced enterprises in FY26, although the disclosed mix changed from the prior two years. Purchases from Hind Polyfabs Private Limited were Rs 2.26 crore in FY26, down from Rs 19.27 crore in FY25 and Rs 5.92 crore in FY24. Purchases from Rateria Laminators Private Limited were Rs 88.36 lakh in FY26, compared with Rs 8.74 crore in FY25 and Rs 15.05 crore in FY24.

The FY26 schedule records Rs 10.60 crore of sales of goods, Rs 13.18 crore of purchases of goods and Rs 60 lakh of rent paid with Maruti Packagers Private Limited. It also records Rs 2.89 crore of sales of goods with Maruti Packagers Private Limited in a separate line. Sales to Khatuwala Packers were Rs 51.19 lakh in FY26, compared with Rs 52.79 lakh in FY25 and Rs 58.92 lakh in FY24.

Year-end trade balances differed from the annual transaction values. Hind Polyfabs had a Rs 3.89 crore receivable at March 31, 2026, compared with a Rs 89.86 lakh receivable at March 31, 2025 and a Rs 1.41 lakh payable at March 31, 2024. Maruti Packagers had a Rs 57.94 lakh payable at March 31, 2026, after a Rs 28.76 lakh receivable in FY25. A receivable is an amount due to Injeto Polymers, while a payable is an amount owed by Injeto Polymers.

What do the FY26 cash flows show about funding needs?

Injeto Polymers used Rs 48.80 crore in operating activities in FY26 and generated Rs 51.79 crore from financing activities. Operating cash use increased from Rs 16.90 crore in FY25, while financing cash generation rose from Rs 26.31 crore. The cash-flow statement does not assign the overall financing movement to Sampark Consultants or to any other individual related party.

The FY26 operating cash outflow included a Rs 66.08 crore increase in inventories and a Rs 28.46 crore increase in trade receivables. Injeto Polymers reported a Rs 70.07 crore increase in short-term borrowings in FY26 and finance costs of Rs 12.28 crore, compared with Rs 9.45 crore in FY25. These cash-flow figures place the Rs 16.82 crore Sampark Consultants loan taken within a year that also had substantial working-capital movements and borrowing activity.

Injeto Polymers ended FY26 with Rs 8.31 lakh of cash and cash equivalents, down from Rs 16.76 lakh at March 31, 2025. The company reported a Rs 4.22 crore cash outflow for purchases of property, plant and equipment, including intangible assets and intangible assets under development, in FY26. The disclosed FY26 figures do not state whether the Sampark Consultants loan will be repaid, refinanced or supplemented by later borrowings.

Conclusion

Injeto Polymers' related-party transactions declined to 14.97% of FY26 revenue from 23.66% in FY25, but the year included a marked increase in funding from Sampark Consultants. The Rs 16.17 crore payable to Sampark Consultants at March 31, 2026 accounted for the largest disclosed related-party loan balance, while operating dealings continued across goods purchases, goods sales and rent.

The next disclosures should show the treatment of the Rs 16.17 crore Sampark Consultants balance, because FY26 included Rs 16.82 crore of drawdowns and only Rs 1.01 crore of repayments. The FY26 cash-flow statement also showed Rs 48.80 crore used in operations, led by inventory and receivable increases, but it does not disclose a plan for the related-party loan after March 31, 2026.