Kkalpana Industries (India) Limited has reported significant disruptions to its manufacturing operations due to force majeure conditions stemming from ongoing geopolitical tensions in the Middle East. The company made this disclosure to stock exchanges on April 8th, 2026, in compliance with SEBI regulations.

Impact of Geopolitical Tensions

The current conflict and geopolitical tensions in the Middle East have created substantial challenges for the company's operations. These conditions have resulted in significant supply chain disruptions that are affecting the company's ability to maintain normal production levels.

Supply Chain Challenges

The company has specifically highlighted the critical shortage of essential raw materials as a major concern. This shortage is directly linked to the broader supply chain disruptions caused by the regional conflicts, making it difficult for the company to source necessary inputs for its manufacturing processes.

Management Response and Mitigation Efforts

Kkalpana Industries management is taking proactive steps to address the situation. The company is closely monitoring developments in the affected regions and implementing necessary measures to mitigate the operational impact. Key focus areas include:

• Continuous monitoring of geopolitical developments
• Assessment of alternative supply chain options
• Implementation of mitigation strategies
• Planning for early resumption of normal operations

Regulatory Compliance and Communication

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Swati Bhansali signed the communication, ensuring compliance with regulatory requirements for material event disclosures.

Future Updates

The company has committed to providing regular updates regarding the restoration of normalcy in its operations. Management will continue to assess the situation and communicate any significant developments to stakeholders as the geopolitical situation evolves and supply chain conditions improve.

Kkalpana Industries (India) Limited has issued a postal ballot notice seeking shareholder approval for material related party transactions with two fellow subsidiaries for Financial Year 2026-27. The company's board approved these proposals on 9th February, 2026, subject to member consent through remote electronic voting.

Newspaper Publication Compliance

In compliance with SEBI Listing Regulations 30 and 47, the company published the postal ballot notice in newspapers on 7th April, 2026. The publication appeared in "Business Standard" (English newspaper - All India Edition) and "Sukhabar" (Bengali newspaper - Vernacular Language Local Edition), ensuring regulatory compliance for the voting process.

Proposed Related Party Transactions

The company seeks approval for transactions with two related entities, both fellow subsidiaries sharing common holding company Bbigplas Poly Private Limited:

Transactions with Ddev Plastiks Industries Limited

Transactions with Ddev Plastic Limited

Business Rationale and Background

The transactions are designed to leverage operational synergies between the related entities. Ddev Plastiks Industries Limited, which acquired the company's compounding business through an NCLT order dated 4th March, 2022, can provide cost-efficient products due to economies of scale. The company retained its recycling (upcycling) business, creating complementary operational opportunities.

These arrangements enable consistent supply of desired quality materials, technical assistance in production processes, and support for environmental compliance including EPR credits and waste disposal management.

Financial Context and Materiality

Based on the company's audited annual turnover of ₹40.50 crores for FY 2024-25, the materiality threshold for related party transactions stands at ₹4.05 crores (10% of turnover). The proposed transaction limits significantly exceed this threshold, necessitating shareholder approval under Section 188 of the Companies Act, 2013 and Regulation 23 of SEBI Listing Regulations.

Historical Transaction Data

Previous Transactions with Ddev Plastiks Industries Limited

Previous Transactions with Ddev Plastic Limited

E-Voting Process and Timeline

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. Key dates include:

Governance and Compliance

Mr. Ashok Kumar Daga (Membership No. FCS: 2699 and CP No: 2948), Practicing Company Secretary, has been appointed as Scrutinizer for the postal ballot process. The voting rights will be proportionate to equity shareholding as on the cut-off date.

As per SEBI Listing Regulations, related parties cannot vote on these resolutions. The transactions will be conducted at arm's length pricing in the ordinary course of business, with mutual determination of terms and conditions based on market values.

The postal ballot notice has been sent electronically to members whose email addresses are registered with depositories or the company's registrar. Physical ballot forms will not be accepted in compliance with MCA circulars and SEBI guidelines.