Kkalpana Plastick sets Sep 23 AGM for director re-appointments

Kkalpana Plastick Limited has announced that its 37th Annual General Meeting (AGM) will be held on September 23, 2026, at 12:30 pm through video conferencing or other audio visual means. The meeting aims to transact ordinary business, including the adoption of audited financial statements for the year ended March 31, 2026, and special business concerning the re-appointment of key board members.

Key Agenda Items

The primary focus of the special business is the re-appointment of three directors to ensure continuity in leadership and governance:

Sajjan Kumar Sharma: Re-appointment as Whole-Time Director for a five-year term effective November 1, 2026.
Rashi Nagori Mehta: Re-appointment as Independent Director for a second five-year term from September 29, 2026, to September 28, 2031.
Shampa Paul: Re-appointment as Independent Director for a second five-year term from April 15, 2027, to April 14, 2032.

Additionally, Non-Executive Non-Independent Director Ananya Dey retires by rotation and offers herself for re-appointment.

Remuneration Details

The notice discloses specific remuneration details for the Whole-Time Director. Mr. Sharma’s cost to company for FY26 was ₹3.22 lakh. His proposed annual salary for the new term is set at ₹3,21,996, with yearly increases subject to the recommendation of the Nomination and Remuneration Committee and Board approval. The independent directors will receive only sitting fees as approved by the Board.

Director	Designation	Term Start Date	Key Remuneration Detail
Sajjan Kumar Sharma	Whole-Time Director	November 1, 2026	Salary: ₹3,21,996 per annum
Rashi Nagori Mehta	Independent Director	September 29, 2026	Sitting fees only
Shampa Paul	Independent Director	April 15, 2027	Sitting fees only

Voting and Logistics

Shareholders holding shares as on the record date of September 16, 2026, are eligible to vote. Remote e-voting will be available from September 20, 2026, at 9:00 am to September 22, 2026, at 5:00 pm. The book closure period runs from September 17, 2026, to September 23, 2026. Proxy appointments are not available for this virtual meeting.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.33%	-0.71%	-1.83%	-14.18%	-52.88%	-83.20%

Kkalpana Plastick Limited reported a decline in financial performance for the fiscal year ended March 31, 2026, with total revenue falling 4% year-on-year to ₹48.44 lakh and profit after tax dropping 31% to ₹5.99 lakh. The Kolkata-based plastic compounding firm continued to operate without core business activity during the period, generating no revenue from operations.

The company’s financial results were driven entirely by other income, primarily interest earned on loans extended to related parties. Total expenses rose slightly to ₹41.05 lakh from ₹41.44 lakh in the previous year, with employee benefit expenses constituting the largest component at ₹25.61 lakh.

Financial Performance

The following table outlines the key financial metrics for FY26 compared to FY25:

Metric:	FY26 (₹'000)	FY25 (₹'000)	Change
Total Revenue:	4,844.03	5,038.94	-3.9%
Profit Before Tax:	738.78	894.45	-17.4%
Profit After Tax:	599.13	873.99	-31.4%
Total Expenses:	4,105.25	4,144.49	-0.9%

Revenue from operations remained at nil for the second consecutive year. Other income, which comprises the entirety of the company’s revenue, decreased by ₹1.95 lakh year-on-year. Interest received on loans contributed ₹48.26 lakh to this figure, while interest on TDS refundable added ₹0.18 lakh.

What the Numbers Show

A critical observation from the financial statements is the complete reliance on non-operating income. With zero revenue from operations, the company’s profitability is entirely dependent on the interest yield from its loan portfolio. The balance sheet reveals that loans to related parties stood at ₹620.39 lakh as of March 31, 2026, representing approximately 97% of total current assets. This concentration indicates that the company’s primary business activity has shifted from plastic compounding to lending to associated entities, specifically Bbigplas Poly Private Limited and Plastic Processors and Exporter Private Limited.

Balance Sheet and Dividend

Total assets increased marginally to ₹641.82 lakh from ₹636.35 lakh in the previous year. Cash and cash equivalents rose to ₹4.50 lakh, while loans to related parties grew by ₹4.45 lakh. The company reported no long-term borrowings or bank guarantees.

The Board of Directors did not recommend any dividend for FY26, citing paucity of funds. Retained earnings increased to ₹62.26 lakh from ₹56.27 lakh in FY25.

Corporate Governance

The company convened its 37th Annual General Meeting on September 23, 2026, via video conferencing. Shareholders approved the re-appointment of Mr. Sajjan Kumar Sharma as Whole-Time Director for five years, effective November 1, 2026. Independent Directors Mrs. Rashi Nagori Mehta and Ms. Shampa Paul were also re-appointed for their respective terms. The Board noted that the company is exempt from certain SEBI Listing Regulations due to its paid-up capital being below ₹10 crore and net worth below ₹25 crore.