MPL Plastics Limited submitted a regulatory disclosure to BSE Limited regarding the approval of its unaudited financial results for the quarter ended 30th June 2026 (Q1 FY2027).

The Board of Directors approved these results at their meeting held on 12th August 2026, which commenced at 1:00 p.m. and concluded at 1:30 p.m. The results were reviewed by the Audit Committee prior to board approval.

Financial Results (₹ in Lakhs)

Income:

  • Total Income: ₹0.28 lakhs (consisting entirely of Other Income)
  • Revenue from Operations: ₹0.00

Expenses:

  • Employee Benefits Expenses: ₹6.73
  • Finance costs: ₹0.01
  • Depreciation and amortisation expenses: ₹0.02
  • Other Expenditure: ₹6.33
  • Total Expenses: ₹13.09

Profit/(Loss):

  • Loss from operations before exceptional items: (₹12.81)
  • Loss from Ordinary Activities before Tax: (₹12.81)
  • Net Loss for the period: (₹12.81)

Other Comprehensive Income:

  • Actuarial Gain on Employee Defined Benefit Plans: ₹0.12
  • Restatement of fair value of Investment: ₹0.13
  • Total Other Comprehensive Income: ₹0.25

Total Comprehensive Income: (₹12.56)

Capital Structure:

  • Paid-up Equity Share Capital (Face value of ₹10/- each): ₹1,249.85 lakhs
  • Reserves excluding revaluation reserve: Not provided for current period

Earnings Per Share:

  • Basic and diluted EPS: (₹0.10)

Material Uncertainty Related to Going Concern

The Independent Auditor's Review Report (Jain Vinay & Associates, FRN: 006649W) issued an adverse opinion regarding the company's ability to continue as a going concern. They drew attention to Note 5 which indicates that:

  • The company has closed down its operations at Silvassa & Pune plant during FY2023-24
  • Manufacturing operations had stopped completely as plant & machinery, land, land & building, and warehouse at Pune had been sold during FY2023-24
  • There exists material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern

Insolvency Proceedings

The disclosure notes that:

  • The Board of the Company approved a special resolution for initiation of corporate insolvency resolution process under the provisions of the Insolvency and Bankruptcy Code at meetings dated 8th March 2022 and 11th April 2022
  • Shareholders approved this resolution through postal ballot on 14th April 2022
  • The company intimated BSE Ltd. regarding winding up of the Company under Section 10 of the Insolvency and Bankruptcy Code, 2016 via letter dated 10th July 2024

Additional Information

  • The financial results were prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting" as prescribed under Section 133 of Companies Act, 2013
  • The company operates in a single business segment, making segment-wise reporting not applicable
  • Previous period figures have been regrouped/reclassified to conform to current period's classification
  • The full format of quarterly results is available on BSE website (www.bseindia.com) and company website (www.mplindia.in)