Machino Plastics Ltd

AGM details

• AGM held on 29 September 2026 via two-way VC/OAVM.
• Remote e-voting from 26 September 2026 9:00 AM to 28 September 2026 5:00 PM.
• E-voting results unblocked on 29 September 2026 at 3:33 PM.

Resolutions and outcomes

• Resolution 1: Ordinary—Adoption of audited financials; passed.
• Resolution 2: Ordinary—Re-appointment of director by rotation; passed.
• Resolution 3: Ordinary—Re-appointment of director by rotation; passed.
• Resolution 4: Special—Approval of RPTs with MSIL and Suzuki; passed.
• Resolution 5: Special—Approval of other related party transactions; passed.

Dividend

• Dividend: No dividend proposed or declared.

Director changes

• Two directors retired by rotation were re-appointed.

Material related party transactions

• RPTs with Maruti Suzuki India Limited and Suzuki Motor Corporation approved for 2025-26 and 2026-27.
• RPTs with other related parties approved for 2025-26 and 2026-27.

AGM details

• 41st AGM held on 29 September 2026 at 02:00 PM via VC/OAVM.
• Book closure date: 22 September 2026.
• Shareholders present: 49 via VC/OAVM.
• E-voting: 26–28 Sep 2026; extended 29 Sep 2026 2:00–3:30 PM.

Key resolutions

• Resolution 1: Adoption of audited financial statements.
• Resolution 2: Re-appointment of a director retiring by rotation.
• Resolution 3: Re-appointment of another director retiring by rotation.
• Resolution 4: Approval of material related party transactions with MSIL and SMC.
• Resolution 5: Approval of material related party transactions with other than MSIL/SMC.

Voting results

• Resolution 1: Passed with 99.80% in favor, 0.20% against.
• Resolution 2: Passed with 100% in favor; no opposing votes.
• Resolution 3: Passed with 99.80% in favor, 0.20% against.
• Resolution 4: Passed with 95.51% in favor, 4.49% against.
• Resolution 5: Passed with 95.51% in favor, 4.49% against.

Directors

• Two directors retiring by rotation offered themselves for re-appointment; both resolutions passed.

Material related party transactions

• Material RPTs approved with MSIL and Suzuki Motor Corporation.
• Material RPTs approved with related parties other than MSIL/SMC.
• Value of RPTs not disclosed.

Machino Plastics Ltd trading window closure (routine)

Resigning director details

• Name and designation: Sandeep Goel, Independent Director.
• Type of directorship: Independent Director.
• Effective date: 26 August 2026.
• Reason: preoccupation with other commitments.
• No other material reasons for resignation beyond this.
• Ceased roles: Chairman, Nomination and Remuneration Committee; Member, Audit Committee; Member, Stakeholder Relationship Committee.
• Other listed entities: NIL (no other directorships/committee seats disclosed).
• Replacement/board impact: no replacement details disclosed.

AGM notice & access details

• AGM 41st scheduled 29 September 2026 at 02:00 PM IST via VC/OAVM.
• Annual Report 2025-26 available online; notice emailed to registered shareholders.
• Web-link and QR code provide access to Annual Report.
• EVoting window: 26 Sep 2026 9:00 AM to 28 Sep 2026 5:00 PM IST.
• EVoting cut-off: 22 September 2026.
• Non-email members to receive web-link via RTA address.
• RTA: Alankit Assignments Limited; contact details provided for requests.
• Access to Annual Report also on BSE/NSDL websites.

Overview

• Total income (net of taxes) ₹49,215.62L for FY25-26.
• EBITDA ₹3,640.20L; year-on-year growth supported by volume.
• PAT ₹132.26L; decline from ₹855.61L prior year.
• EPS ₹2.16; earnings per share reflect fewer shares.
• Cash EPS ₹27.01; movement linked to depreciation and tax.
• Dividend not declared for FY25-26.

Financial performance

• Revenue from operations rose 26.6% YoY to ₹49,215.62L.
• Profit before tax ₹263.63L; lower than prior year.
• Total comprehensive income surged due to OCI, ₹7,339.84L.
• Shareholders' funds ₹5,539.99L; reserves ₹4,926.31L (excl. revaluation).
• Gross block including CWIP and intangible assets ₹65,782.02L.

Balance sheet & capital structure

• Equity share capital ₹613.68L; no change YoY.
• Reserves excluding revaluation ₹4,926.31L; Shareholders' funds ₹5,539.99L.
• Book value per equity share ₹90.27.
• Debt ₹24,411.00L; net debt ₹24,384.46L; gearing 64.01%.
• Current ratio 0.77 indicating tight short-term liquidity.

Operations & capex

• Kharkhoda plant commenced production on 26 Sep 2025.
• Pithampur plant converted to manufacturing and warehousing late 2025.
• Multiple plants/warehouses across Gurugram, Manesar, Kharkhoda, Pithampur.

Related party transactions & governance

• Material related party transactions with MSIL & Suzuki Motor Corporation approved for 2025-26 and 2026-27.
• MSIL: Sale of goods ₹43,439.98L; tooling advances ₹813.91L in 2025-26.
• Suzuki entities also participate in tooling and sales transactions; limits revised as needed.
• Directors Kazunari Yamaguchi and Sanjiivv Jindall are related parties; governance disclosures maintained.

CSR & ESG

• CSR spend ₹99.89L in 2025-26; 2% of average net profit; excess ₹87.52L.
• CSR policy and projects disclosed on company website; focus on education and vocational skills.

Audit, governance & risk

• Statutory auditors KMGS & Associates; Secretarial auditors AK & Associates.
• Secretarial audit report no qualifications; independent directors meet regulatory requirements.
• Internal controls judged adequate; Audit Committee oversees risk management.

Outlook & risks

• Plan to diversify beyond MSIL; pursue mould making and replacement market.
• Risks include raw material costs, supply chain disruption, and currency exposure.

Machino Plastics AGM filing excerpt contains no disclosed AGM details in the provided chunk

Financial results and AGM

• Unaudited standalone and consolidated results for the quarter ended 30 June 2026 approved.
• Audit Committee reviewed results; statutory Limited Review completed with unmodified opinion.
• 41st AGM for FY2025-26 scheduled for 29 September 2026.
• Consolidated segment unaudited results disclosed; detailed notes available.