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

Mega Flex Plastics Limited has announced its audited standalone financial results for the financial year ended March 31, 2026. The Board of Directors approved the financial statements during a meeting held on May 22, 2026. The company reported a significant improvement in profitability and revenue for the fiscal year.

Financial Performance

For the year ended March 31, 2026, the company recorded a net profit of ₹727.27 lakh, a sharp increase from ₹342.58 lakh in the previous year. This growth was driven by a 29.4% rise in revenue from operations, which reached ₹7,807.56 lakh compared to ₹6,030.75 lakh in FY25. Total revenue for the period stood at ₹8,063.90 lakh.

The company's earnings per share (EPS) on a basic basis improved to ₹6.00 for FY26, up from ₹2.82 in the previous year. Total expenses for the year increased to ₹7,092.81 lakh from ₹5,793.36 lakh, primarily due to higher material costs and operational expansion.

Balance Sheet Highlights

The company's balance sheet reflected a stronger financial position with total assets growing to ₹7,322.50 lakh as of March 31, 2026, up from ₹5,959.78 lakh a year earlier. Shareholders' funds increased to ₹6,247.46 lakh, driven by an accumulation of reserves and surplus which rose to ₹5,034.35 lakh.

Current investments saw a substantial rise, reaching ₹3,309.33 lakh compared to ₹1,408.11 lakh in the prior year. However, trade receivables decreased to ₹41.98 lakh from ₹133.27 lakh. The company maintained a healthy cash and cash equivalent balance of ₹498.49 lakh at the end of the fiscal year.

Key Financial Metrics

The following table summarizes the key financial figures for the financial year ended March 31, 2026, compared to the previous year:

Board Decisions and Appointments

Alongside the financial results, the board approved the re-appointment of M/s. Kanchan Jalan as the Secretarial Auditor and M/s. Vikash Chamaria & Co as the Internal Auditor for the financial year 2026-2027. The statutory auditors issued an unmodified opinion on the standalone financial results.