National Plastic Industries Limited adopted its audited financial statements for FY26 and re-appointed Mishaal Ketan Parekh as a director during its 39th Annual General Meeting held on September 23, 2026.

The meeting was conducted via Video Conferencing and Other Audio Visual Means in compliance with regulatory circulars. Mr. Ketan Parekh, Joint Managing Director, chaired the session which commenced at 4:00 pm and concluded at 4:25 pm. The requisite quorum was present throughout the proceedings.

Key resolutions passed

Shareholders approved the following ordinary business items:

• Adoption of the audited financial statements for the year ended March 31, 2026, along with the Board of Directors' and Auditors' reports.
• Re-appointment of Mishaal Ketan Parekh (DIN: 09724558), who retired by rotation and was eligible for re-appointment.

Special business included the ratification of remuneration payable to the Cost Auditor of the company.

Voting and compliance details

The company informed members that e-voting facilities remained open for 15 minutes during the meeting. A consolidated report on votes cast will be submitted by the Scrutinizer within 48 hours of the conclusion of the AGM. The final voting results will be declared on the company website and notified to stock exchanges and CDSL in accordance with SEBI regulations.

Mr. Dhawal Vora, Company Secretary, facilitated the proceedings, introducing Board Members, Key Managerial Personnel, Statutory Auditors, Secretarial Auditor, and the Scrutinizer. The Chairman addressed shareholder queries before the meeting concluded with a vote of thanks.

National Plastic Industries has scheduled its 39th Annual General Meeting (AGM) for September 23, 2026, to approve its FY26 financial results and reappoint Executive Director Mishaal Ketan Parekh.

The Mumbai-based plastic furniture manufacturer will hold the meeting via Video Conferencing/Other Audio Visual Means (VC/OAVM) at 4:00 pm. The agenda includes adopting the audited financial statements for the year ended March 31, 2026, and ratifying the remuneration of ₹75,000 for cost auditors M/s. N. Ritesh & Associates for FY27.

Financial Performance

Revenue from operations grew to ₹103.03 crore in FY26 from ₹96.95 crore in the previous year. Total income, including other income, rose 6.4% to ₹103.84 crore. Profit before tax (PBT) expanded significantly by 27% to ₹6.44 crore, driven by improved operational efficiency and cost management.

Despite the robust growth in pre-tax profits, the bottom line contracted. The company attributed the dip in net profit primarily to a higher tax charge during the year. Profit after tax stood at ₹3.46 crore compared to ₹3.75 crore in FY25.

What the Numbers Show

The divergence between PBT and PAT highlights the impact of tax dynamics on shareholder returns. While operating performance improved with EBITDA rising to ₹11.37 crore from ₹9.40 crore, the effective tax burden eroded these gains. Additionally, finance costs increased to ₹2.03 crore from ₹1.79 crore, reflecting higher interest outlays despite a reduction in total borrowings to ₹22.15 crore from ₹23.22 crore.

Balance Sheet and Dividends

The company maintained a conservative capital structure with total equity rising to ₹45.53 crore. Long-term borrowings remained stable at ₹5.80 crore, while short-term bank borrowings decreased to ₹16.35 crore. The board did not recommend any dividend for FY26.

Corporate Governance Updates

Executive Director Mishaal Ketan Parekh retires by rotation and offers himself for reappointment. He holds a Bachelor of Science in Industrial System Engineering from the U.S.A and possesses expertise in Lean Operations, Six Sigma, and Supply Chain Design. As of the latest records, he holds 4,56,480 shares in the company and is related to Joint Managing Director Ketan V. Parekh, who is his father.

The AGM will also ratify the remuneration of ₹75,000 for cost auditors M/s. N. Ritesh & Associates for FY27. The meeting will be held via video conferencing as per regulatory guidelines. No proxy will be allowed for this virtual meeting.

Shareholder Communication and Compliance

In accordance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has issued a letter to shareholders who have not registered their email addresses with the company or any depository. This communication provides the web-link to the complete Annual Report for FY25-26, available at www.nationalplastic.com/annual-report .

The letter also serves as a reminder for security holders holding physical securities to update their KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. Shareholders are urged to dematerialise physical securities and register email IDs to avail online services. Payments for folios without updated PAN, nomination, or bank details will be made only through electronic mode effective April 1, 2024.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE233D01013/38d8859b-5693-4dce-b7a2-8c9044aebd14.pdf