- Business
- Promact Plastics Limited (formerly Promact Impex Limited) manufactures high-density polyethylene (HDPE) and polypropylene (PP) woven fabrics, bags, sacks and tarpaulins; engages in import and export trading of agro commodities, minerals, metals and related products; and provides godown rental services, commission agency and brokerage activities. Promact Plastics operates primarily in domestic sales and services as well as export segments, targeting industries such as agriculture, packaging and commodities trading with customers including agro processors, mineral exporters and industrial users in India. The company, founded in 1985 and headquartered in Ahmedabad, Gujarat, India, with manufacturing facilities in Mehsana, Gujarat, lists its equity shares on the Bombay Stock Exchange under ticker 526494. In October 2025, the company changed its name from Promact Impex Limited to Promact Plastics Limited, receiving the certificate of incorporation dated October 13, 2025, and appointed Ankit Jayantilal Patel as Chief Executive Officer effective November 12, 2025. Previously known as Promact Plastics Limited until a name change to Promact Impex in 2018, the firm discontinued unviable HDPE/PP woven bags manufacturing in 2014-15 to focus on trading and services. Recent financials reflect modest net sales of INR 0.91 crore for fiscal year ending March 2025, with ongoing operations in brokerage and commodities amid a challenging packaging sector environment.