MPL Plastics reported a narrowed net loss of ₹16.99 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹47.64 lakh in the previous year. The company's total income for FY26 stood at ₹39.49 lakh, while total expenditure was ₹56.48 lakh. For the quarter ended March 31, 2026, the company reported a net profit of ₹16.39 lakh on a total income of ₹32.23 lakh.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The results were reviewed by the Audit Committee and the Statutory Auditors. Jain Vinay & Associates, Chartered Accountants, issued an Independent Auditor's Report stating that the annual audited results give a true and fair view of the company's financial information in accordance with applicable accounting standards.

A significant disclosure in the filing concerns the company's operational status. The Independent Auditor's Report draws attention to a material uncertainty related to going concern, noting that the company has currently closed down its operations. This closure is expected to impact future operations and casts significant doubt on the company's ability to continue as a going concern. The auditor's opinion, however, remains unmodified in respect of this matter.

The Statement of Assets and Liabilities as of March 31, 2026, shows total equity at a negative balance of ₹369.53 lakh, compared to a negative balance of ₹353.11 lakh in the previous year. Total current liabilities increased to ₹522.90 lakh from ₹508.83 lakh in the prior year. The company's cash and cash equivalents stood at ₹5.29 lakh, a decrease from ₹5.59 lakh at the end of the previous financial year.

Financial Performance for FY26

The following table outlines the key financial metrics for MPL Plastics for the year ended March 31, 2026, compared to the prior year:

Operational and Regulatory Disclosures

The notes accompanying the financial results state that the company closed down its operations at its Silvassa and Pune plants during the year 2023-24. Manufacturing operations stopped completely as plant, machinery, land, buildings, and warehouses in Pune were sold during that period. Consequently, the company operates in a single business segment, and segment-wise reporting is not applicable.

Additionally, the filing confirms that the Board and shareholders had previously approved a special resolution for the initiation of the corporate insolvency resolution process under the Insolvency and Bankruptcy Code. This was intimated to BSE Limited via a letter dated July 10, 2024. The figures for the quarter ended March 31, 2026, are balancing figures derived from the audited full-year results and the published unaudited year-to-date figures up to the third quarter.

MPL Plastics Limited has notified the BSE of an upcoming Board of Directors meeting, pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued on May 13, 2026, by Vishakha Jain, Company Secretary and Compliance Officer of the company.

Board Meeting Details

The Board of Directors meeting is scheduled to be held on Thursday, May 28, 2026. The primary agenda of the meeting is to consider and approve the audited financial results for the quarter and year ended March 31, 2026, after these results are reviewed by the Audit Committee.

Key details of the scheduled board meeting are summarised below:

Regulatory Compliance

The intimation has been filed in accordance with the applicable listing regulations and has also been made available on the company's official website. The notice was signed by Vishakha Jain in her capacity as Company Secretary and Compliance Officer of MPL Plastics Limited.