Tainwala Chemicals & Plastics (India) tainwala chemicals & plastics Limited has released its unaudited financial results for the quarter ended June 30, 2026. The announcement was made on August 6, 2026, following the approval of the Board of Directors. The filing provides investors with the company's financial performance for Q1FY27, as reported in compliance with regulatory disclosure norms.

The Board of Directors convened in Mumbai on Wednesday, August 5, 2026, to consider and approve the unaudited financial results along with the Limited Review Report thereon. The meeting also addressed other agenda items related to the company's operations and governance for the period.

Regulatory Filings and Disclosures

In accordance with Regulation 33 read with Regulation 47(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published its results in widely circulated newspapers. The publication appeared in Financial Express and Mumbai Lakshadweep on August 6, 2026.

The financial results and the accompanying Limited Review Report are available for public access on the websites of the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), as well as on the company’s official website.

Key Details

Chairman and Managing Director Ramesh Tainwala signed off on the results, confirming their accuracy and compliance with statutory requirements. The company continues to maintain transparency through regular disclosures to its stakeholders and regulatory bodies.

Tainwala Chemicals & Plastics (India) Limited has recommended the appointment of M/s. SDBA & Co., Chartered Accountants, as its new Statutory Auditors for a term of five years, effective from the conclusion of the ensuing Annual General Meeting (AGM). The Board of Directors approved the move on August 5, 2026, following a recommendation from the Audit Committee. This change marks the end of the tenure of the outgoing auditors, M/s. GMJ & Co., Chartered Accountants, whose term concludes at the same AGM. The appointment is subject to ratification by shareholders at the upcoming meeting, aligning with Regulation 30 of the SEBI Listing Regulations.

The transition in audit firms is part of routine corporate governance cycles, ensuring independent financial oversight. M/s. SDBA & Co. will hold office until the conclusion of the AGM expected in calendar year 2031. This five-year tenure covers the period from the 41st AGM through the 46th AGM. The company disclosed these changes in a filing submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 5, 2026, citing the completion of the previous auditors' tenure as the primary reason for the change.

Auditor Transition Details

The Board’s decision replaces M/s. GMJ & Co., which has served as the statutory auditor until now. The new firm, M/s. SDBA & Co., brings a different profile to the audit function. Below are the key details regarding the change in statutory auditors:

M/s. SDBA & Co. is a partnership firm established in 2016, with offices located in Mumbai and Udaipur. The firm’s appointment follows the standard regulatory process for changing statutory auditors, requiring shareholder approval at the AGM. Divya Saboo, the Company Secretary and Compliance Officer, signed the disclosure filed with the exchanges.

Concurrent Board Appointments

In addition to the auditor change, the Board approved several directorial appointments during the same meeting held on August 5, 2026. Alpesh Jagdishbhai Nayak was appointed as a Non-Executive Independent Director, effective September 3, 2026, for a five-year term. He brings expertise in the plastics industry, currently serving as Vice President at Anand International. His appointment strengthens the board’s industry-specific knowledge base.

The Board also approved the reappointment of Ramesh Tainwala as Chairman and Managing Director for a second consecutive five-year term, starting August 9, 2027. Notably, Mr. Tainwala will serve without remuneration. The Board also permitted his continuation beyond the age of 70, which he will attain on September 8, 2029. Other reappointments include Devendra Saligram Anand and Uday Ramniklal Mehta, both Non-Executive Independent Directors, for terms ending in August 2032.

Regulatory Compliance

All appointments and reappointments require final approval from the company’s members at the ensuing Annual General Meeting. The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that the change in auditors is due to the natural expiration of the previous firm’s term, rather than any performance-related issues or disputes. This ensures continuity in financial reporting standards while introducing fresh oversight perspectives.