Captain Polyplast Limited has secured an order worth Rs. 11.80 Crores approx. (including GST) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 500 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The order was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on 18th May, 2026. This contract adds to the company's solar EPC order book and aligns with the Government of India's PM Kusum B Scheme.

Order Details

The order encompasses the complete lifecycle of the solar pumping systems—from design and manufacture to supply, transport, installation, testing, and commissioning. The systems will be deployed at identified farmer sites across districts of Maharashtra, with capacities of 3HP, 5HP, and 7.5HP. The contract also includes a complete system warranty, repair and maintenance, and a Remote Monitoring System (RMS) for a period of 5 years under the PM Kusum B Scheme "Magel Tyala Saur Krushi Pump" Yojana.

The key parameters of the order are summarised below:

Management Commentary

Commenting on the order win, Mr. Ritesh Khichadia, Whole Time Director of Captain Polyplast Limited, said, "We are delighted to receive this order from MSEDCL, which is a testament to the trust that government utilities are placing in our solar EPC capabilities. Solar water pumping is a high-priority segment under national policy initiatives, and we have been steadily building our execution capabilities to capture opportunities of this nature. We remain committed to delivering quality solutions on time and creating sustainable value for all our stakeholders."

About Captain Polyplast Limited

Captain Polyplast Limited is one of the leading players in the micro-irrigation industry, specialising in the manufacturing and export of equipment for a diverse range of agricultural applications. Established in 1997, the company operates manufacturing facilities in Rajkot (Gujarat) and Kurnool (Andhra Pradesh), with a distribution network spanning 16 states across India and exports to markets in Africa, Latin America, and the Middle East.

The company has diversified into the solar EPC segment, focusing on solar water pumping systems and rooftop solar solutions. It has also partnered with Indian Oil Corporation Limited (IOCL) for polymer product marketing in Gujarat. The Ahmedabad plant, which has commenced operations, spans approximately 70,000 sq. ft. and is intended to enhance manufacturing efficiency through in-house production of critical components.

Financial Highlights

The following table presents the key consolidated financial metrics reported by Captain Polyplast Limited for FY25:

Captain Polyplast Limited has notified the Bombay Stock Exchange (BSE) of an upcoming board meeting scheduled for Saturday, May 23, 2026. The intimation, dated May 11, 2026, was filed pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board of directors is set to convene to review and approve key financial disclosures. The following matters are on the agenda for the meeting:

• Consideration and approval of the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026
• Review of the Auditor's report accompanying the financial results
• Any other business as approved by the Board

The key details of the scheduled board meeting are summarised below:

Trading Window Closure

In line with the company's internal code to regulate, monitor, and report trading by Directors, Promoters, Designated Employees, and Connected Persons, Captain Polyplast has enforced a Trading Window Close Period. The closure commenced from April 1, 2026, and will remain in effect until 48 hours after the financial results are made public following the board meeting on May 23, 2026.

The intimation was signed by Ramesh D. Khichadia, Managing Director (DIN: 00087859), on behalf of Captain Polyplast Limited.