Ecoplast Ltd

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.

Certificate status

• Regulation 74(5) certificate for the quarter.

Rating action

• CRISIL reviewed and continued the company’s bank facility ratings on watch developing.
• Long-term rating: CRISIL BBB-/Watch Developing.
• Short-term rating: CRISIL A3/Watch Developing.

Agency

• CRISIL assigned the rating action.

Outlook

• Watch Developing indicates developing implications for the ratings.

Material change

• Ratings continue on Rating Watch with Developing Implications.