Machino Plastics accepted the resignation of Sandeep Goel as independent director effective August 26, 2026. Goel cited pre-occupation with other commitments as the reason for stepping down from the board.

The company disclosed the development in a filing with the Bombay Stock Exchange on August 27, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Committee Exits

Goel will cease to hold positions on key board committees immediately upon his resignation. He steps down as chairman of the Nomination and Remuneration Committee. He also exits membership of the Audit Committee and the Stakeholder Relationship Committee.

Resignation Details

According to the filing, Goel submitted his resignation letter dated August 26, 2026. The company confirmed there are no other material reasons for his departure beyond his existing commitments. The filing included a confirmation from Goel that no undisclosed factors influenced his decision to resign.

Machino Plastics Limited has scheduled its 41st Annual General Meeting for September 29, 2026. The meeting will convene via video conferencing to adopt the audited financial statements for FY26 and approve material related-party transactions.

The company reported a 26.6% increase in revenue from operations, rising to ₹49,215.6 lakh in FY26 from ₹38,874.3 lakh in FY25. Despite the top-line growth, profit after tax fell sharply to ₹132.3 lakh from ₹855.6 lakh in the previous year, driven by higher finance costs and depreciation charges associated with recent capacity expansion.

Key Dates

Shareholders must note the following schedule for voting and meeting participation:

The e-voting facility remains available until 3:30 pm on September 29, 2026, if permitted by NSDL. Aditya Jindal, Chairman cum Managing Director, signed the communication.

Financial Performance

The company’s total income rose to ₹49,235.4 lakh in FY26. However, operating margins faced pressure due to increased employee benefit expenses and finance costs, which rose to ₹1,851.5 lakh from ₹1,164.5 lakh in FY25. Depreciation and amortization expenses also increased to ₹1,525.1 lakh from ₹1,006.9 lakh, reflecting capital work-in-progress capitalized during the year.

Related Party Transactions

The AGM agenda includes special resolutions to approve material related-party transactions for FY26 and FY27. Key transactions include sales of goods and services to Maruti Suzuki India Limited (MSIL) valued at ₹43,440.0 lakh in FY26, with a proposed limit of ₹70,000.0 lakh for FY27. Additionally, the company seeks approval for tooling advances and transactions with other related entities such as Machino Polymers Limited and Machino Plastics Becharaji Limited.

Shareholder Communication

In compliance with Regulation 36(1)(b) of the SEBI Listing Regulations, the company has issued web-links and QR codes to shareholders who have not registered email addresses with the Registrar & Share Transfer Agent or Depository Participants. The Annual Report for FY26 is accessible via the company’s website at www.machino.com under the Investors section.

Members holding shares in physical form may request a physical copy of the annual report by emailing sec.legalggn@machino.com . For those wishing to register their email addresses, demat holders should contact their Depository Participant, while physical shareholders may write to the RTA, Alankit Assignments Limited.