Ecoplast Ltd

Ecoplast Limited: Trading Window closed for Specified Persons from 1 October 2026 till closure of 48 hours after the date of Board Meeting where inter alia, the approval of unaudited financial results for the quarter and half year ended 30 September 2026 would be considered.

AGM details

• AGM held Sep 7, 2026, 3:30 PM, in physical mode.
• Venue: Shantivan Resort, Valsad, Gujarat.
• Record date disclosed in filing.

Key resolutions

• Adopt financial statements and reports for the year.
• Re-appoint director retiring by rotation.
• Revise remuneration of the Managing Director.
• Revise remuneration of the Whole-time Director (Atul Baijal).
• Revise remuneration of the Whole-time Director (Aditya Nitinku Patel).
• Ratify remuneration of Cost Auditors (ordinary).

Voting results

• All resolutions approved; broad majority in favour.
• Minor dissent observed for cost auditor remuneration resolutions.

Directors

• Director retirement by rotation approved for re-appointment.

Auditors / Cost auditors

• Remuneration for Cost Auditors approved; no change to statutory auditor.

Other material approvals

• Remuneration revisions for key executives approved.

AGM details

• AGM held Monday, 7 September 2026 at 3:30 PM at Shantivan Resort, Gujarat.
• Physical meeting with remote e-voting and ballot voting facility.
• Quorum present; AGM concluded at 3:48 PM.

Resolutions put to vote

• Adopt standalone and consolidated financial statements for year ended March 31, 2026.
• Re-appoint Ravi Amulbhai Mehta by rotation.
• MD remuneration revision approved for Jaymin B. Desai.
• Remuneration revision approved for Whole-time Director Atul Baijal.
• Remuneration revision approved for Whole-time Director Aditya Nitinkumar Patel.
• Remuneration revision approved for Whole-time Director Ravi Amulbhai Mehta.
• Ratify remuneration of Cost Auditors.

Director changes

• Ravi Amulbhai Mehta to be reappointed by rotation.

Voting status

• Voting results to be furnished separately.

Financials FY2025-26

• Stand-alone revenue from operations: 221.08 crore, up ~6.5% YoY.
• Total income: 224.88 crore; standalone PAT: 11.98 crore.
• Operating profit before depreciation: 21.68 crore; depreciation: 5.72 crore.
• Profit before tax: 15.97 crore; tax: 3.99 crore; PAT: 11.98 crore.
• EPS: 25.20 (standalone); 25.27 (consolidated).
• Net debt position negative; net debt to equity at -2.77%.
• Dividend not recommended for FY2025-26.
• NCLT approved amalgamation with Kunal Plastics; effective 28 May 2026; prior periods restated.

Merger & corporate actions

• NCLT sanctioned amalgamation with Kunal Plastics; effective from 1 Apr 2025.
• Scheme restates prior periods as if merger occurred from Apr 1, 2025.
• Proposed issue of 13 lakh new shares to transferor shareholders; Rs 130 lakh consideration.
• Equity share capital now ~Rs 34.545 crore; 1.3 million shares pending issue.

Expansion and outlook

• Capex plan: ~Rs 75 crore for greenfield/brownfield expansions.
• Combined capacity targeted at ~13,600 MTPA after full expansion.
• Commissioning of final machinery tranche expected by end of Q2 FY2026-27.
• Strategic focus on high-value films; export market diversification.

Governance & leadership

• Priyal Saurabh Vora appointed Independent Director on 27 May 2025.
• Jayesh Jashvantlal Shah appointed Independent Director on 1 Jan 2026.
• Jay Ketan Shroff appointed Whole-time Director from 1 Jan 2026.
• Dhananjay T. Desai ceased Independent Director on 11 Sep 2025.
• Remuneration policy aligned with disclosures; governance framework robust.

Capital structure & shareholding

• Equity share capital: Rs 34.545 crore; 34,54,525 shares outstanding.
• Promoter group held ~64.84% as of 31 Mar 2026.
• ISIN INE423D01010; listed on BSE; annual listing fee paid.

CSR & sustainability

• CSR expenditure: Rs 32.20 lakh; CSR policy disclosed on company site.
• CSR committee not required; CSR function handled by Board.
• ODR portal implemented for dispute resolution; per SEBI guidelines.

Dividend & shareholder info

• No dividend declared for the year; AGM/unclaimed matters as per notice.

AGM notice and report distribution

• 44th AGM on Sept 7, 2026 at 3:30 PM at Shantivan Resort, Valsad.
• Annual Report 2025-26 dispatched to members with registered emails.
• Web-link to Annual Report and AGM notice available on Ecoplast website and BSE.
• Company requests members to update email IDs for electronic communications.

Financial results approved

• Approved unaudited standalone and consolidated quarterly results for quarter ended June 30, 2026.
• Limited Review Report of auditors enclosed with the results.

Appointment of General Manager Operations

• Appointed Nirav H. Desai as General Manager Operations, effective August 10, 2026.
• Desai has about 30 years’ manufacturing experience; previously Whole-time Director at Kunal Plastics (now Ecoplast).
• Date of appointment: August 10, 2026; term: Not Applicable.
• Relationship disclosures: Not Applicable.

AGM details

• AGM: Sept 7, 2026, 3:30 PM, in-person at Shantivan Resort, Valsad, Gujarat.
• Mode: Physical meeting.
• Venue: Shantivan Resort, Atul-Valsad Road, Vashiyar, Gujarat.
• Record/book closure: Aug 31 to Sept 7, 2026.
• Voting: Remote e-voting Sept 4–6, 2026; AGM voting by ballot.
• Record date for voting: Aug 31, 2026.

Resolutions

• Ordinary: Adoption of standalone and consolidated financial statements for year ended Mar 31, 2026.
• Ordinary: Re-appoint Ravi Amulbhai Mehta as Director, retiring by rotation.
• Special: Revision in remuneration for Jaymin B. Desai, MD, from Jun 1, 2026.
• Special: Revision in remuneration for Atul Baijal, Whole-time Director, from Jun 1, 2026.
• Special: Revision in remuneration for Aditya Nitinkumar Patel, Whole-time Director, from Jun 1, 2026.
• Special: Revision in remuneration for Ravi Amulbhai Mehta, Whole-time Director, from Jun 1, 2026.
• Ordinary: Ratification of Cost Auditors remuneration for 2026-27: Rs 2.50 lakh plus taxes.

Dividend

• Dividend: No dividend declared for FY2025-26.

Director changes

• Ravi Amulbhai Mehta to be re-appointed as Director, retiring by rotation.

Auditor appointments

• Cost Auditor remuneration for FY2026-27 ratified: Rs 2.50 lakh plus taxes and expenses.

Material related party transactions

• No material related party transactions disclosed in this notice.

Other material approvals

• Merger with Kunal Plastics approved May 14, 2026; increased scale justifies remuneration revisions.

Meeting Details

• Date: August 10, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after declaration.