Ecoplast Ltd disclosed that its promoters have increased their shareholding to 74.45% following the acquisition of shares through a court-approved amalgamation scheme. The acquisition stems from the Scheme of Amalgamation of Kunal Plastics Private Limited with Ecoplast Ltd, which was sanctioned by the Hon'ble National Company Law Tribunal, Ahmedabad Bench, vide its order dated May 14, 2026. Consequently, the company allotted 13,00,000 equity shares of Rs. 10 each to the shareholders of the transferor company on June 15, 2026.

The transaction was executed under Regulation 10(1)(d)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which exempts the acquirers from making an open offer. The share swap ratio was fixed at 52 fully paid-up equity shares of Ecoplast Ltd for every one fully paid-up equity share held in Kunal Plastics Private Limited. The disclosure was submitted to BSE Limited on June 15, 2026.

The acquirers included promoters Charulata Nitin Patel, Amita Jaymin Desai, and Alka Bankim Desai, along with Silver Stream Properties LLP and Pheroze Pestonji Kharas. Persons acting in concert included Nitinkumar Manubhai Patel, Aditya Nitinkumar Patel, and other members of the promoter group. The allotment resulted in a significant increase in the shareholding percentage for key promoters, particularly Charulata Nitin Patel and Amita Jaymin Desai.

Shareholding Details

The amalgamation altered the capital structure, increasing the total shares held by the acquirers and persons acting in concert. The table below details the pre-transaction and post-transaction shareholding patterns for the major entities involved.

The filing confirmed that the post-amalgamation shareholding changed solely due to the allotment of equity shares under the Scheme and not due to any independent acquisition or transfer of equity shares. The disclosure was signed by Charulata Nitin Patel on behalf of all acquirers.

Ecoplast Limited reported a decline in net profit to ₹1,198.12 lakh for the year ended March 31, 2026, from ₹1,377.01 lakh in the previous year, as revenue rose to ₹22,108.23 lakh. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. The company has prudently decided not to recommend any dividend for the financial year 2025-26, citing financial position and future prospects.

The board approved the re-appointment of M/s Kishore Bhatia & Associates, Cost Accountants, and M/s Akkad Mehta & Co. LLP, Chartered Accountants, as Cost Auditors and Internal Auditors respectively for the financial year 2026-27. The statutory auditors have expressed an unmodified opinion on the standalone and consolidated financial results. The trading window for dealing in the company's securities, which was closed since April 01, 2026, will reopen 48 hours after the declaration of the financial results.

In a significant corporate development, the Board fixed Friday, June 12, 2026, as the record date for the Scheme of Amalgamation of Kunal Plastics Private Limited with Ecoplast Limited. The scheme, sanctioned by the National Company Law Tribunal, Ahmedabad Bench, is effective from May 28, 2026. Shareholders of the transferor company are entitled to receive 52 fully paid-up equity shares of ₹10 each for every 1 fully paid-up equity share of ₹100 each held.

Financial Performance

For the quarter ended March 31, 2026, the company reported a profit of ₹453.97 lakh on a total income of ₹5,817.48 lakh. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) and include the impact of the amalgamation scheme retrospectively from April 1, 2025, as per Ind AS 103 requirements. The consolidated financial results reflect the inclusion of subsidiary Synergy Films Private Limited.