MPL PLASTICS LIMITED

Financial Results Overview

The Board of Directors approved the Quarterly Unaudited financial results for the period ended 30th September, 2026 at their meeting held on 02nd November, 2026, which commenced at 01:30 p.m. and concluded at 02:00 p.m. The results were reviewed by the Audit Committee.

Key Financial Figures (Quarter Ended 30.09.2026)

  • Total Income: ₹0.21 lakh (consisting entirely of Other Income; Revenue from Operations: ₹0)
  • Employee Benefits Expenses: ₹6.71 lakh
  • Finance costs: ₹0.10 lakh
  • Depreciation and amortisation expenses: ₹0.02 lakh
  • Other Expenditure: ₹6.63 lakh
  • Total Expenditure: ₹13.46 lakh
  • Loss from operations before exceptional items: ₹(13.25) lakh
  • Net Loss for the period: ₹(13.25) lakh
  • Basic and diluted EPS: ₹(0.11)
  • Paid-up Equity Share Capital: ₹1,249.85 lakh (Face value of ₹10/- each)

Half Year Ended 30.09.2026 Performance

  • Total Income: ₹0.49 lakh
  • Net Loss for the period: ₹(26.06) lakh
  • Basic and diluted EPS: ₹(0.21)

Balance Sheet Position (Half Year Ended 30.09.2026)

  • Total Assets: ₹233.81 lakh
  • Non-Current Assets: ₹140.02 lakh (Property, Plant and Equipment: ₹14.03 lakh, Investments: ₹102.79 lakh, Other Non Current Assets: ₹23.20 lakh)
  • Current Assets: ₹93.79 lakh (Cash and Cash Equivalents: ₹5.44 lakh, Bank Balances other than cash: ₹18.58 lakh, Other Current Assets: ₹69.77 lakh)
  • Total Equity: ₹(395.44) lakh (Share Capital: ₹1,249.85 lakh, Other Equity: ₹(1,645.29) lakh)
  • Non-Current Liabilities: ₹76.79 lakh (Long-Term Provisions)
  • Current Liabilities: ₹552.46 lakh (Short-Term Borrowings: ₹421.55 lakh, Trade Payables: ₹79.22 lakh, Other Financial Liabilities: ₹33.72 lakh, Other Current Liabilities: ₹17.97 lakh)

Cash Flow Statement (Half Year Ended 30.09.2026)

  • Net Cash from Operating Activities: ₹(30.32) lakh
  • Net Cash from Investing Activities: ₹0.09 lakh
  • Net Cash from Financing Activities: ₹30.39 lakh
  • Net Change in Cash & Cash Equivalents: ₹0.16 lakh
  • Closing Balance of Cash & Cash Equivalents: ₹5.44 lakh

Material Uncertainty Related to Going Concern

The independent auditor's review report highlights a material uncertainty regarding the company's ability to continue as a going concern. Note 5 to the financial statements indicates that:

  • The company has closed down its operations at Silvassa & Pune plant during the year 2023-24.
  • Manufacturing operations had stopped completely since plant & machinery, Land, Land & Building, Warehouse at Pune.

Corporate Insolvency Resolution Process

The Board of the Company vide its meeting dated 8th March 2022 and 11th April 2022 and shareholders of the Company through postal ballot on 14th April 2022 had already approved a special resolution for initiation of corporate insolvency resolution process under the provisions of the Insolvency and Bankruptcy Code. The company via letter dated 10th July, 2024 intimated to BSE Ltd. regarding Winding up of the Company under Section 10 of the Insolvency and Bankruptcy Code, 2016.

Additional Notes

  • The financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS).
  • The Statutory Auditors (M/s. Jain Vinay and Associates, FRN: 006649W) have carried out a Limited Review and issued their Limited Review Report.
  • As the Company has discontinued operations, segment-wise reporting is not applicable.
  • Previous period figures have been regrouped/reclassified to conform to the current period's classification.