Key Financial Results (₹ in Lakhs)

Year Ended 31.03.2026:

  • Total Income: ₹39.49 (entirely from Other Income; Revenue from Operations: ₹0)
  • Total Expenditure: ₹56.48
  • Employee Benefits: ₹19.09
  • Other Expenditure: ₹37.34
  • Depreciation: ₹0.03
  • Finance Costs: ₹0.02
  • Net Loss before tax: ₹16.99
  • Net Loss after tax: ₹16.99
  • Total Comprehensive Income: ₹(16.42)
  • Basic & Diluted EPS: ₹(0.14)
  • Equity Share Capital: ₹1,249.85
  • Reserves: ₹(1,619.38)

Quarter Ended 31.03.2026:

  • Total Income: ₹32.23 (Other Income only)
  • Net Profit before tax: ₹16.39
  • Net Profit after tax: ₹16.39
  • Total Comprehensive Income: ₹16.55
  • Basic & Diluted EPS: ₹0.13

Comparative Figures

Year Ended 31.03.2025: Net Loss of ₹47.64 lakhs, Total Income ₹7.05 lakhs

Quarter Ended 31.03.2025: Net Loss of ₹13.35 lakhs, Total Income ₹6.00 lakhs

Material Uncertainty Related to Going Concern

The Statutory Auditors (Jain Vinay & Associates) draw attention to Note 3 indicating the company has closed down its operations completely since 2023-24. The manufacturing operations stopped completely as plant & machinery, land, building, and warehouse at Pune were sold during 2023-24. This creates material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.

Corporate Insolvency Process

The Board of the Company vide meetings dated 8th March 2022 and 11th April 2022, and shareholders through postal ballot on 14th April 2022, had approved a special resolution for initiation of corporate insolvency resolution process under the Insolvency and Bankruptcy Code. This was intimated to BSE vide letter dated 10th July 2024.

Other Matters

  • The results were reviewed by the Audit Committee and approved by the Board on 28th May 2026
  • Prepared in accordance with Indian Accounting Standards (Ind-AS)
  • Company operates in a single business segment
  • Figures for quarter ended 31st March 2026 are balancing figures between audited full year and published unaudited year-to-date figures up to third quarter
  • Statutory Auditor: Jain Vinay & Associates (FRN: 006649W)
  • Compliance Officer: Vishakha Jain, Company Secretary

Assets and Liabilities Position (as of 31.03.2026)

Total Assets: ₹230.16 lakhs

  • Non-Current Assets: ₹140.15 lakhs (Property Plant & Equipment: ₹14.07, Investments: ₹102.88, Other Non-Current Assets: ₹23.20)
  • Current Assets: ₹90.01 lakhs (Cash & Cash Equivalents: ₹5.29, Bank Balances: ₹18.58)

Total Equity and Liabilities: ₹230.16 lakhs

  • Equity: ₹(369.53) lakhs (Share Capital: ₹1,249.85, Other Equity: ₹(1,619.38))
  • Non-Current Liabilities: ₹76.79 lakhs (Long-Term Provisions)
  • Current Liabilities: ₹522.90 lakhs (Short-Term Borrowings: ₹391.55, Trade Payables: ₹81.37, Other Financial Liabilities: ₹33.73, Other Current Liabilities: ₹16.25)

#Tags: #MPLPlastics #FY26Results #GoingConcern #InsolvencyProcess #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Negative