National Plastic Technologies has appointed R. Balaji Ramanujam as Chief Financial Officer with immediate effect. The Board of Directors approved the appointment during its meeting held on September 21, 2026.

The company also authorized key managerial persons for determining materiality and making disclosures to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

R. Balaji Ramanujam is a Chartered Accountant with membership number 206288. He brings over 25 years of professional experience in finance, strategic planning, business finance, financial reporting, taxation, compliance, internal controls, and commercial operations.

His career includes more than 15 years with Schwing Stetter India Private Limited, a wholly owned subsidiary of the Schwing Group, Germany. During his tenure there, he handled senior finance responsibilities and gained exposure to multinational corporation finance practices, corporate governance, financial planning, analysis, business strategy, management reporting, and statutory regulatory compliance.

Authorized Disclosures

Pursuant to Regulation 30(5) of the SEBI Listing Regulations, the following individuals are authorized to determine materiality and make disclosures to stock exchanges:

The Board Meeting commenced at 5:30 pm and concluded at 6:10 pm.

National Plastic Technologies reported a 10% year-on-year increase in revenue to ₹341.20 crore for FY26, driven by strong performance in its automotive components business. Net profit grew marginally by 1.6% to ₹9.17 crore, while EBITDA expanded 3.5% to ₹26.35 crore. The Board has recommended a final dividend of ₹1.50 per equity share, subject to shareholder approval at the upcoming Annual General Meeting.

The company's 37th AGM is scheduled for Monday, September 21, 2026, at the Arihanth Hall, Madras Hotel Ashoka, Chennai. The record date for dividend entitlement and voting rights is fixed as Monday, September 14, 2026. Remote e-voting facilities will be available from September 18 to September 20, 2026, through the National Securities Depository Limited (NSDL) platform.

Financial Performance

Total income for FY26 stood at ₹341.20 crore, compared to ₹310.80 crore in FY25. Profit before tax increased 12.1% to ₹14.05 crore from ₹12.53 crore in the previous year. This growth was supported by a significant expansion in the automotive segment, which saw revenue rise roughly 24% to around ₹261 crore from ₹210 crore. Conversely, the consumer durables business experienced a softening, with turnover declining from ₹100 crore to ₹80 crore.

The long-term debt-to-equity ratio improved to 0.19 from 0.60 six years ago, reflecting strengthened financial resilience. Net worth grew to ₹60.02 crore. Finance costs decreased to ₹4.71 crore from ₹5.88 crore in FY25, contributing to the higher profit before tax despite modest EBITDA growth.

Key Agenda Items

The AGM notice outlines several ordinary and special business items for consideration by the members:

Management Re-appointments

Mr. Arihant Parakh, currently serving as Managing Director, seeks re-appointment for a further period of three years, commencing from September 25, 2026, up to September 24, 2029. The proposed remuneration structure includes a maximum monthly salary of ₹6 lakh for the first year, rising to ₹7.5 lakh in the second year and ₹9 lakh in the third year. This excludes perquisites capped at ₹10 lakh per annum and other specified benefits.

Mr. Sudershan Parakh, a Non-Executive Non-Independent Director, retires by rotation and offers himself for re-appointment. He has been associated with the company since its inception in 1989.

Auditor Appointment

The Board recommends the re-appointment of M/s. CA Patel & Associates as Statutory Auditors for a five-year term. The firm’s current tenure concludes at this AGM. The proposed remuneration is ₹5 lakh per annum for the first three years, with a maximum increase of 20% for the remaining tenure, excluding taxes and out-of-pocket expenses.

What the Numbers Show

The dividend recommendation of ₹1.50 per share represents a 15% payout on the face value of ₹10. While net profit growth was modest at 1.6%, profit before tax grew significantly at 12.1%, aided by a reduction in finance costs. The divergence between top-line growth (10%) and bottom-line growth (1.6%) highlights the impact of margin compression or operational cost pressures, even as the automotive segment delivered robust 24% revenue growth. The improvement in the debt-to-equity ratio to 0.19 underscores the management's focus on financial discipline alongside expansion.