Captain Polyplast shareholders approve FY26 financials, director reappointment
- Shareholders approved FY26 financial statements with 99.99% votes in favour
- Ritesh R. Khichadia re-appointed as Director with 100% support
- Cost auditor appointment resolution received 99.99% approval
- Voting conducted electronically via NSDL platform during virtual AGM
*this image is generated using AI for illustrative purposes only.
Captain Polyplast Limited shareholders voted overwhelmingly in favour of all resolutions passed at the 29th Annual General Meeting held on September 26, 2026. The scrutinizer’s report confirms that 99.99% of valid votes supported the adoption of audited financial statements for FY26.
The meeting, conducted via video conferencing, saw the re-appointment of Ritesh Rameshbhai Khichadia as Director receive 100% support from members voting on that specific resolution. The third resolution, concerning the appointment and remuneration of the cost auditor, also secured 99.99% approval.
Voting Results Breakdown
The consolidated scrutinizer report, submitted to stock exchanges by Managing Director Rameshbhai Devrajbhai Khichadia, details the electronic voting outcomes. NSDL served as the e-voting agency, with remote voting open from September 23 to September 25, 2026.
| Resolution | Description | Votes In Favour | % In Favour | Votes Against | % Against |
|---|---|---|---|---|---|
| 1 | Adoption of FY26 financial statements | 30,802,570 | 99.99% | 251 | 0.0008% |
| 2 | Re-appointment of Ritesh R. Khichadia | 30,802,689 | 100% | 7 | -- |
| 3 | Appointment of Cost Auditor | 30,802,564 | 99.99% | 132 | 0.0004% |
Meeting Proceedings and Compliance
The AGM was conducted in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ramesh D. Khichadia served as the Managing Director, while Ritesh R. Khichadia chaired the meeting. Other attendees included Directors Gopal D. Khichadia, Lalji Gordhanbhai Vekariya, Mita Jayeshkumar Mardiya, and Prabhulal Nathabhai Rabadia, along with Chief Financial Officer Kaushik Mori.
Khyati Mehta, Company Secretary, informed members that the notice of the AGM and the Annual Report 2025-26 had been circulated prior to the meeting. She confirmed that there were no qualifications, reservations, or adverse remarks made by the Statutory Auditors or the Secretarial Auditor in their respective reports.
Scrutiny Process
Kishor Dudhatra, a Practicing Company Secretary, was appointed as the scrutinizer to oversee the voting process. The e-voting system was locked after the conclusion of the meeting and unblocked on September 26, 2026, witnessed by two independent individuals not employed by the company. The scrutinizer verified the data generated by NSDL on a test-check basis before submitting the final report.
Historical Stock Returns for Captain Polyplast
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.06% | -1.13% | -1.05% | -13.30% | -13.30% | -13.30% |
How will the unanimous shareholder support for Ritesh R. Khichadia's re-appointment influence Captain Polyplast's strategic direction in the coming fiscal year?
What specific capital expenditure plans or capacity expansions are outlined in the newly adopted FY26 financial statements?
Given the clean audit reports, how might this transparency impact the company's valuation multiples relative to peers in the plastics sector?
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