Rakesh Dungarmal Tainwala revised the number of equity shares proposed to be acquired in tainwala chemicals & plastics (India) Limited to 5,86,464 shares, representing 6.26% of the total share capital. The acquisition will be executed through an inter-se transfer by way of gift from his brother, Rajkumar Tainwala, on or after June 1, 2026. The revision, disclosed on May 26, 2026, updates the initial intimation submitted a day prior which had proposed the acquisition of 6,00,232 shares, or 6.41% of the share capital.

The transaction involves no consideration as it is a gift between immediate relatives. Consequently, the acquirer declared that the volume weighted average market price and other pricing mechanisms are not applicable. The transfer is exempt from the requirement to make an open offer under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as all specified conditions have been complied with.

Shareholding Pattern

The disclosure details the shift in shareholding resulting from the proposed transaction. Prior to the transfer, Rakesh Dungarmal Tainwala held no shares in the target company. Post-acquisition, his holding will rise to 5,86,464 shares. Conversely, the shareholding of the transferor, Rajkumar Tainwala, will decrease from 6,05,060 shares (6.46%) to 18,596 shares (0.20%).

Regulatory Compliance

Rakesh Dungarmal Tainwala confirmed that both the transferor and transferee will comply with the applicable disclosure requirements outlined in Chapter V of the Takeover Regulations, 2011. The acquirer further declared that all conditions specified under Regulation 10(1)(a) regarding exemptions have been duly met. The revised disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited.

Tainwala Chemicals and Plastics (India) Limited has announced its audited financial results for the year ended March 31, 2026. The Board of Directors approved the financial statements during a meeting held on May 20, 2026. The statutory auditors, GMJ & Co., issued an unqualified opinion on the standalone financial results. The company has also published these results in the Financial Express and Mumbai Lakshadweep newspapers on May 21, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company reported a net profit of ₹1,078.53 lakh for the fiscal year 2025-26, marking an increase from the ₹491.95 lakh recorded in the previous year. For the quarter ended March 31, 2026, the net profit was ₹71.01 lakh. Total income for the year rose to ₹3,106.77 lakh, up from ₹2,181.61 lakh in the prior year. Income from operations for the year was ₹1,783.31 lakh, while other income contributed ₹1,323.46 lakh.

Total expenses for the year amounted to ₹1,773.15 lakh, compared to ₹1,553.63 lakh in the previous year. The profit before tax for the year stood at ₹1,333.62 lakh. The company reported a basic and diluted earnings per share (EPS) of ₹11.52 for the year, an improvement from ₹5.25 in the previous year.

Financial Performance

The following table summarizes the standalone financial results for the year and quarter ended March 31, 2026:

Segment Results

The company operates primarily through two segments: Plastic Sheets and Tradable Items. For the year ended March 31, 2026, the Plastic Sheets segment reported revenue of ₹436.65 lakh, while the Tradable Items segment generated ₹1,346.66 lakh. The total segment profit before tax for the year was ₹129.52 lakh.

Corporate Governance

Alongside the financial results, the company announced the appointment of M/s. R. Mohnot & Co. LLP as the Internal Auditor for the fiscal year 2026-27. Additionally, M/s. GMJ & Co. was re-appointed as the Tax Auditor to conduct the tax audit for the year ended March 31, 2026. Both appointments were approved by the Board on May 20, 2026.