Tirth Plastic Limited shareholders approved the appointment of Nidhi Bharatbhai Gandhi as a Non-Executive Independent Director and re-appointed Jigar Shah as Managing Director at the 40th Annual General Meeting held on September 26, 2026.

The meeting, conducted via video conferencing, also saw the adoption of audited financial statements for the year ended March 31, 2026. Voting results submitted to BSE indicate that all three ordinary and special resolutions passed with overwhelming support from public shareholders, while promoters abstained from voting.

Board appointments and governance

The appointment of Gandhi aims to strengthen board oversight alongside existing members Het Shah (CFO), Dharmesh Shah, and Ashish Shah. The company confirmed that no qualifications or adverse observations were noted in the statutory auditor's report on financial transactions or matters for FY26. The auditor's report was taken as read with shareholder consent, indicating a clean audit opinion for the period.

Jigar Shah, Chairman and Managing Director, was re-appointed as a director retiring by rotation under Section 152(6) of the Companies Act, 2013. Both the re-appointment of Shah and the appointment of Gandhi were approved via remote e-voting and e-voting during the AGM.

Voting results and shareholder participation

The company disclosed detailed voting results in compliance with Regulation 44(3) of SEBI (LODR) Regulations, 2015. A total of 9,311 shareholders were on the record date. During the virtual session, 37 public shareholders attended through video conferencing, while no promoters or promoter group members participated in person or virtually.

Voting was conducted via NSDL’s e-voting platform. The scrutinizer’s report, issued by A. Shah & Associates, confirmed that all resolutions passed with the requisite majority. Notably, the promoter group, holding 1,047,160 shares, did not cast any votes on any resolution.

Note: Votes polled represent public non-institutional shareholders. Promoter group votes were zero.

Procedural compliance and scrutiny

Shareholders participated in decision-making via e-voting facilities, which remained open for 15 minutes during the virtual session. A. Shah & Associates served as the scrutinizer to ensure a fair and transparent voting process. The results were declared by the Company Secretary upon receipt of the scrutinizer's report.

No queries were received from shareholders during the Q&A segment, suggesting alignment with management's presentation of performance and strategic direction. The meeting concluded at 12:22 pm. The electronic data containing records of remote e-voting and e-voting at the AGM have been handed over to the company for safekeeping.

Tirth Plastic Limited has filed its annual report for FY26, reporting a net profit of ₹37.97 lakh, a significant increase from ₹1.32 lakh in the previous year. The company generated revenue from operations of ₹957.85 lakh during the period, marking a return to operational activity after recording nil revenue in FY25.

The filing coincides with the company's preparation for its 40th Annual General Meeting (AGM), scheduled for September 26, 2026. The register of members and share transfer books will remain closed from September 20, 2026, to September 26, 2026, to facilitate the meeting and subsequent corporate actions.

Financial Performance

The company's financial results for FY26 reflect a shift from non-operational status in FY25, where income was derived solely from other sources. In FY26, revenue from operations stood at ₹957.85 lakh, primarily from the trading of acrylic solid surface, glue, and other materials. Total expenses were ₹911.70 lakh, including purchases of traded goods amounting to ₹879.08 lakh.

The profit before tax increased to ₹46.15 lakh from ₹1.32 lakh in FY25. Tax expense for the year was ₹8.18 lakh. Earnings per share (basic and diluted) stood at ₹0.85, compared to ₹0.03 in the previous year.

Key Agenda Items

The Board of Directors has scheduled several key resolutions for shareholder consideration during the virtual meeting conducted through video conference or other audio-visual means.

Ms. Gandhi was initially appointed as an Additional Director on February 5, 2026. Her formal appointment is subject to shareholder approval at the AGM. She holds no shares in the company and has no inter-se relationship with other directors or key managerial personnel.

Voting and Meeting Logistics

Shareholders are eligible to vote if their names appear in the register of members as on the cut-off date of September 19, 2026. Remote e-voting will commence on Wednesday, September 23, 2026, at 9:00 am and conclude on Friday, September 25, 2026, at 5:00 pm.

The company has engaged National Securities Depository Limited (NSDL) to facilitate the e-voting process. Mr. Anish Shah, a practicing Company Secretary, has been appointed as the scrutinizer to ensure a fair and transparent voting process. Results will be declared on or before Monday, September 28, 2026.