HCP Plastene Bulkpack Ltd

HCP Plastene Bulkpack Limited: Trading window closed from 01 October 2026 until 48 hours after the announcement of the Unaudited Financial Results for the period ended September 30, 2026

AGM Details

• AGM held Friday, 25 September 2026 at 11:30 AM IST via VC/OAVM.
• Record date for voting: 18 September 2026.
• Remote e-voting window: 19–24 September 2026.
• Total shareholders on record: 5,359; attendees via VC/OAVM: 37 (Promoters 3, Public 34).

Resolutions and outcomes

• Resolution 1 (Ordinary): Adopt Audited Standalone and Consolidated Financial Statements; Passed.
• Resolution 2 (Ordinary): Re-appoint Prakash Parekh as Director by rotation; Passed.
• Resolution 3 (Ordinary): Remuneration to Meenu Maheshwari; Passed.
• Resolution 4 (Ordinary): Approve Material Related Party Transactions; Passed.
• Resolution 5 (Ordinary): Approve Material Related Party Transactions with K. P. Woven Private Limited (Subsidiary); Passed.
• Resolution 6 (Ordinary): Re-appoint Sandeep Motilal Shah as Non-Executive Independent Director; Passed.
• Resolution 7 (Ordinary): Increase in Borrowing Power; Passed.
• Resolution 8 (Special): Borrowing by creation of Charge or providing security; Passed.
• Resolution 9 (Special): Authority to loan/guarantee/security or to invest; Passed.
• Resolution 10 (Special): Authority for loans/investments to parties under section 185; Passed.
• Resolution 11 (Ordinary): Re-appoint Prakash Hiralal Parekh as Managing Director; Passed.
• Resolution 12 (Ordinary): Adopt new Set of Articles of Association; Passed.

Directors and governance changes

• Director changes: Prakash Parekh re-appointed as Director (retiring by rotation).
• Director changes: Sandeep Motilal Shah re-appointed as Non-Executive Independent Director.
• Director changes: Prakash Hiralal Parekh re-appointed as Managing Director.
• Remuneration: Meenu Maheshwari’s remuneration approved in excess of limit.

Material Related Party Transactions

• Resolution 4: Approval of Material Related Party Transactions (general).
• Resolution 5: Material Related Party Transactions with subsidiary approved.

Financing and capital actions

• Resolution 7: Increase in borrowing power; Passed.
• Resolution 8: Borrowing by creation of charge or providing security; Passed.
• Resolution 9: Authority to loan/guarantee/security or to invest; Passed.
• Resolution 10: Authority for loans/investments under section 185; Passed.

Articles of Association

• Resolution 12: Adoption of new Articles of Association; Passed.

AGM Details

• Date: 25 September 2026; Time: 11:30 A.M.; Mode: VC/OAVM; Concluded: 11:50 A.M.

Ordinary Business

• Adopt audited standalone and consolidated financial statements for year ended 31 March 2026.
• Re-appoint Prakash Parekh as Director by rotation.

Special Business - Governance & RPTs

• Remuneration to Meenu Maheshwari in excess of LODR limit approved.
• Approval of material related party transactions for the company.
• Approval of material related party transactions for K. P. Woven Private Limited.
• Re-appointment of Sandeep Motilal Shah as Non-Executive Independent Director.
• Increase in borrowing power to Rs 500 crore.
• Borrowing by creation of charge or security under Companies Act.
• Loans/investments/guarantees/security up to Rs 500 crore.
• Loans/investments to related parties under section 185 up to Rs 500 crore.
• Re-appointment of Prakash Hiralal Parekh as Managing Director for three years from 1 Nov 2026.
• Adoption of new set of Articles of Association.

Dispatch of AGM Notice and Annual Report

• Physical dispatch of AGM Notice and web-link for Annual Report 2025-26 completed to shareholders.
• Dispatch completed in compliance with Companies Act 2013 and SEBI LODR.
• AGM scheduled for 25 September 2026.

Financial performance

• Standalone revenue from operations: 28,940.9 Lakh; total income 29,238.99 Lakh.
• Consolidated revenue from operations: 58,750.76 Lakh; total income 59,959.17 Lakh.
• Standalone PAT: 2,408.04 Lakh; YoY rise from 574.37 Lakh.
• Consolidated PAT: 2,883.33 Lakh; YoY rise from 1,342.13 Lakh.
• Standalone EBDITA: 3,989.78 Lakh; Consolidated EBDITA: 6,818.31 Lakh.
• Interim dividend declared at Rs 1 per share.
• Standalone EPS: Basic 16.16; Diluted 16.06.
• Consolidated EPS: Basic 27.01; Diluted 21.60.
• Net cash from operating activities: Standalone -758.26 Lakh.

Business segments

• Two divisions: Woven Sack Division and Woven Label Division.
• Consolidated segment revenue: Woven Sack 58,517.45 Lakh; Woven Label 233.31 Lakh; total 58,750.76.
• Subsidiary KP Woven Private Limited: 98.45% holding; turnover 40,215.62 Lakh; PAT 1,149.10 Lakh.

Capital structure & liquidity

• Paid-up equity share capital Rs 1,067.48 Lakh; authorized capital Rs 21.00 Crore; no change.
• Total borrowings Rs 11,488.92 Lakh; long-term Rs 3,334.59; short-term Rs 8,154.33.
• Net debt Rs 11,471.25 Lakh; equity Rs 6,423.70 Lakh; gearing 0.64x.
• Net cash and cash equivalents Rs 17.66 Lakh.

Dividend & capital allocation

• Interim dividend Rs 1 per share; Dividend Distribution Policy adopted; some unclaimed dividends noted.

Governance & leadership

• Board: six directors; 2 Executive, 3 Independent, 1 Woman Independent.
• Ms Shweta Jhawar resigned as Company Secretary on 8 Jan 2026; Mr Rishabh Kumar Jain appointed 10 Feb 2026.
• Independent director Ashutosh Maheshwari resigned 16 Jun 2025.
• Board meetings held five times in FY2025-26; Audit Committee met four times.

Related party transactions

• Material related party transactions with Plastene Group and KP Woven Private Limited.
• RPTs are at arm's length and in the ordinary course; approvals obtained; thresholds disclosed.

CSR & sustainability

• CSR expenditure for 2025-26: Rs 18.79 Lakh; 13.86 Lakh required; shortfall Rs 0.44 Lakh.
• CSR activities include Charitable Trust, Health and Sports; policy available on company website.

Audits & controls

• Statutory auditor: Ashok Dhariwal & Co; no qualifications.
• Secretarial audit: Ketan Vyas & Co; delays in disclosures noted; management responses given.
• Internal audit: M/s BDO India LLP; reports placed before Audit Committee.

Outlook & risks

• Outlook: capacity additions on horizon; focus on direct sales and new geographies.
• Risks include raw material price volatility, FX fluctuations, and global demand shifts.

Subsidiaries & associates

• Subsidiary KP Woven Private Limited; 98.45% holding; turnover Rs 40,215.62 Lakh; PAT Rs 1,149.10 Lakh.

AGM Details

• 42nd AGM scheduled Friday, 25 September 2026 at 11:30 AM IST via VC/OAVM.
• Cut-off date for email address update: 18 September 2026.
• Web-link to annual report and notice will be sent to unregistered email.
• Web-link path: httpsy/hpbl.in/investors/#annualreport.
• Queries may be directed to RTA Big Share Services or the company.

AGM schedule and e-voting

• Cut-off/record date for e-voting set at 18 September 2026.
• Book closure from 19 September 2026 to 24 September 2026.
• e-voting commences on 19 September 2026 at 9:00 a.m.
• e-voting concludes on 24 September 2026 at 5:00 p.m.
• AGM on 25 September 2026 at 11:30 a.m. via VC/OAVM.

AGM Details & Key Resolutions

• AGM on Friday, 25 September 2026 at 11:30 AM IST, held via VC/OAVM.
• Deemed venue: registered office; meeting notice available electronically.
• Cut-off date for voting: 18 September 2026; remote e-voting from 19 to 24 September 2026.
• Item 1: Adopt standalone and consolidated financial statements year ended 31 March 2026.
• Item 2: Re-appoint Prakash Hiralal Parekh as Director (retiring by rotation).
• Item 3: Special resolution for remuneration to Meenu Maheshwari beyond limit.
• Item 4: Ordinary resolution for Material Related Party Transactions during year.
• Item 5: Material Related Party Transactions of K. P. Woven Private Limited with related parties.
• Item 6: Re-appoint Sandeep Motilal Shah as Independent Director for second term.
• Item 7: Increase borrowing power to Rs 500 crore.
• Item 8: Borrowing and creating charges to secure borrowings.
• Item 9: Authority to give loans/guarantees/security up to Rs 500 crore.
• Item 10: Authority for loans/investments/guarantees up to Rs 500 crore under sections 185/186.
• Item 11: Re-appoint Prakash Hiralal Parekh as Managing Director for 3 years.
• Item 12: Adoption of new set of Articles of Association.