Mega Flex Plastics Limited has announced its 22nd Annual General Meeting (AGM) scheduled for Friday, August 21, 2026, at 12:30 p.m. through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The deemed venue of the meeting is the company's Registered Office at 4, Ho Chi Minh Sarani, Suite-2A, Kolkata-700071. The AGM notice and Annual Report for FY2025-26 were dispatched electronically to shareholders on July 27, 2026, based on the beneficiary position date of July 24, 2026.

Strong Financial Performance in FY2025-26

The company delivered robust financial results for the financial year ended March 31, 2026, driven by improved operational efficiency, better capacity utilisation, and disciplined cost management. Revenue from operations grew 29.46% year-on-year, while Profit After Tax more than doubled. The company sold 83.7 million leno bags during the year, reflecting steady market presence across its product portfolio including brands such as Lenoflex, Kisan, Goldflex, Tiranga, Tiger, and Hena.

The key financial highlights for FY2025-26 are presented below (Rupees in Lakhs):

Earnings per share (Basic and Diluted) stood at ₹6.00 for FY2025-26, compared to ₹2.82 (Basic) and ₹3.10 (Diluted) in the previous year. The Board has decided not to recommend any dividend for FY2025-26 in order to conserve resources.

Key Financial Ratios and Significant Changes

Several financial ratios recorded significant movements during FY2025-26, reflecting improved receivable and inventory management as well as enhanced profitability:

AGM Agenda: Ordinary and Special Business

The Board of Directors has recommended the following items for shareholder consideration at the 22nd AGM:

Ordinary Business:

• Adoption of audited standalone financial statements for FY2025-26 along with the Auditor's Report and Board's Report
• Re-appointment of Mr. Rakesh Sethia (DIN: 00409033) as Executive Director, who retires by rotation and is eligible for re-appointment
• Appointment of M/s. V. Jalan & Co., Chartered Accountants (Firm Registration No. 320010E) as Statutory Auditors for a term of five consecutive years from the conclusion of the 22nd AGM until the conclusion of the 27th AGM, at a remuneration of ₹1,00,000 per annum (excluding applicable taxes and out-of-pocket expenses) for FY2026-27

Special Business:

• Approval for material related party transactions with White Saffron Grains LLP for FY2026-27 up to an aggregate limit of ₹75 Crores
• Re-appointment of Mr. Mohan Lal Parakh (DIN: 02186254) as Whole-Time Director for a term of five consecutive years from June 29, 2027 to June 28, 2032, with a maximum remuneration of ₹30,12,000 per annum

Related Party Transactions: White Saffron Grains LLP

Shareholder approval is being sought for material related party transactions with White Saffron Grains LLP, an entity in which Directors Mr. Mohan Lal Parakh, Mr. Hukum Chand Bothra, and Mr. Rakesh Sethia are partners. The proposed transactions include purchase and sale of PP Woven Leno Fabric, PP Tapes, Granules, warehouse rental services, and other ongoing transactions. The proposed transaction value represents 96.06% of the company's annual consolidated turnover as per the last audited financial statements, and approximately 169.48% of the counterparty's annual turnover.

E-Voting Schedule and Key Dates

Shareholders may participate in remote e-voting through the NSDL platform. The key dates for the AGM and e-voting process are as follows:

M/s. Kanchan Jalan, Peer Reviewed Practicing Company Secretary (FCS: 7713 and CP No. 8352), has been appointed as the Scrutinizer to oversee the remote e-voting process and electronic voting during the AGM. The Scrutinizer's consolidated report will be submitted within 48 hours of the conclusion of the AGM, and results will be communicated to the National Stock Exchange of India Limited (NSE Emerge) within two working days.

Operational Highlights and Sustainability Initiatives

The company's 400 KW Solar Power Unit, installed at its Polypark, Howrah facility, is now fully operational and contributing to energy cost savings. The system carries an estimated annual generation capacity of approximately 5 lakh units, with projected savings of ₹25–30 lakh per year in energy costs. On the manufacturing side, the company has installed Leno4p looms, enabling in-house production of specialised leno fabrics. The total capital investment for the solar energy initiative was within the approved limit of ₹150 lakh. As of March 31, 2026, the company had 118 permanent employees on its rolls, with zero production days lost to labour disputes during the year.

Mega Flex Plastics has re-appointed Mr. Mohan Lal Parakh as Whole Time Director for a term of five years effective June 29, 2027, ensuring continuity in its leadership. The decision, taken during a board meeting on July 21, 2026, is subject to the approval of shareholders at the ensuing Annual General Meeting. Mr. Parakh, who also serves as the Promoter and Chairman, has been associated with the company for nearly six decades.

The re-appointment follows the recommendations of the Nomination and Remuneration Committee and the Audit Committee. Mr. Parakh's tenure will run until June 28, 2032, on terms and conditions mutually decided between the director and the Board of Directors. He confirmed that he is not debarred from holding the office under the Companies Act, 2013, or by any order from the Securities and Exchange Board of India (SEBI) or other authorities.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Schedule III thereto. The company also referenced SEBI Circular No. HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026, for providing requisite details.

Profile of the Re-appointed Director

Mr. Mohan Lal Parakh brings extensive experience across industries such as plastic processing, oil milling, hosiery, food processing, and foundry operations. His expertise in engineering and technology has been instrumental in the company's growth, strategic decision-making, and operational efficiency. The board noted there are no relationships between Mr. Parakh and any other directors of the company.

Key Appointment Details