Tirth Plastic Ltd

Director appointment

• Ms. Nidhi Bharatbhai Garandi appointed as Non-Executive Independent Director, effective 26 September 2026.

AGM Details

• AGM held on 26 September 2026 at 12:00 PM via VC/OAVM.

Key Resolutions

• Resolution 1 (Ordinary): Adoption of financial statements for the year ended 31 March 2026.
• Resolution 2 (Ordinary): Re-appointment of Mr. Jigar Shah as Director by rotation.
• Resolution 3 (Special): Appointment of Ms. Nidhi Gandhi as Non-Executive Independent Director.

Voting Results

• Resolution 1: Passed; 99.995% in favor, 0.005% against.
• Resolution 2: Passed; 99.995% in favor, 0.005% against.
• Resolution 3: Passed; 99.995% in favor, 0.005% against.

AGM Details

• Date: 26 September 2026; started 12:00 P.M.; concluded 12:22 P.M.
• Mode: Video Conference / Other Audio-Visual Means.

Resolutions

• Ordinary: adoption of financial statements for year ended 31 March 2026.
• Ordinary: appointment/re-appointment of director by rotation.
• Special: appointment of non-executive independent director.

Voting Status

• Results to be declared after Scrutinizer Report.
• e-voting remained open for 15 minutes post-meeting.

Director Changes

• Director retires by rotation; eligible for re-appointment.
• Independent director appointed as Non-Executive.

Resolution 1: FCW issue

• Purpose: Issue of 4.5 million FCWs on a preferential basis to non-promoter category (Special).
• Outcome: Approved; 99.98% in favour, 0.02% against; total votes cast 187,196.

Resolution 2: Independent director appointment

• Purpose: Appointment of Ms. Nidhi Bharatbhai Gandhi as Non-Executive Independent Director.
• Outcome: Approved; ~99.99% in favour, 0.01% against; DIN 11086584; independence indicated.
• Role/Term: Non-Executive Independent Director; Term not disclosed.

Tirth Plastic Ltd files postal ballot for AGM/EGM

Corrigendum overview

• Corrigendum to Postal Ballot Notice seeks resolution for issue of equity shares and warrants on a preferential basis.
• Replacement of Pragneshkumar Dave with Vandana Bhutiyani as allottee per SEBI order; board approval 12 Aug 2026.
• Total issue size Rs 13.5 crore; allocations: 6 crore for acquisition, 4 crore WC, 3.5 crore general corporate.

Use of proceeds and acquisition

• Acquisition of Krishna Plastic Traders' manufacturing unit; cost Rs 6 crore.
• Deployment timelines: 6 months for acquisition, 18 months for WC, 12 months for general corporate.

Post-issue ownership and compliance

• Total warrants proposed: 4,500,000.
• Pre-issue holdings for select allottees to be locked in for 90 trading days.

Regulatory undertakings

• Undertaking to recompute price under ICDR; any shortfall payable by allottees.

Financials (Standalone)

• Revenue from operations: ₹522.64 Lacs in Q1 FY27, QoQ up from ₹508.23 Lacs.
• Purchases of Stock-in-Trade: ₹490.60 Lacs.
• Changes in inventories of finished goods and stock-in-trade: ₹0.00.
• Employee benefits expense: ₹0.92 Lacs.
• Finance costs: ₹0.00.
• Depreciation and amortisation: ₹0.00.
• Other expenses: ₹6.04 Lacs.
• Total expenses: ₹497.56 Lacs.
• Profit before tax: ₹25.08 Lacs.
• Tax expense: ₹5.17 Lacs (current); no deferred tax.
• Profit after tax: ₹19.91 Lacs.
• Basic EPS: ₹0.45; Diluted EPS: ₹0.45.
• Paid-up equity share capital: ₹445.07 Lacs; face value ₹10.
• Board approved unaudited results for quarter ended 30 June 2026.
• Independent auditor's review indicates no material misstatement.
• Single reportable segment: Operating Segment.

Financial results

• Unaudited quarterly results for quarter ended 30 June 2026 approved with Limited Review Report.

AGM disclosures

• Draft AGM notice, Directors' Report, Secretarial Audit Report and book closure dates approved.

Preferential issue – allottee changes

• Corrigendum in preferential warrants notice; changes to allottees subject to shareholders' postal ballot approval.
• Pragneshkumar Dave ineligible per SEBI order; replaced by Vandana Ben K Bhutiyani.

Scrutinizers appointment

• Appointment of M/s A Shah & Associates as scrutinizer for the ensuing AGM.