Tirth Plastic Limited will hold a board meeting on July 4, 2026, to consider a proposal for raising funds, which may include a preferential issue or other permissible modes determined by the board. The company aims to secure capital in the best interest of the firm, subject to approvals from statutory and regulatory authorities.

The meeting, scheduled under Regulation 29(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will also address any other business with the permission of the chair. The intimation was submitted to BSE Limited on July 1, 2026.

Agenda Details

The primary agenda item for the board meeting is the evaluation of fund-raising mechanisms. The board will deliberate on the suitable mode of fundraising, ensuring compliance with necessary regulatory frameworks.

The board's decision will be contingent upon obtaining the required clearances from relevant authorities before any implementation.

Tirth Plastic Limited has entered into a Memorandum of Understanding (MOU) with M/S Krishna Plastic Traders on June 3, 2026, to establish a framework for the strategic association and proposed investment involving the acquisition of the business undertaking of Krishna Plastic Traders (KPT). The agreement outlines the company's intent to evaluate and potentially take over the business operations, assets, property, employees, liabilities, contracts, intellectual property, licenses, and goodwill of KPT, subject to specific conditions.

The completion of the proposed acquisition is contingent upon satisfactory financial, technical, legal, and commercial due diligence, as well as an independent valuation of the business enterprise. Additionally, the transaction requires approval from the Board of Directors, shareholders, stock exchanges, and other relevant regulatory authorities before the execution of definitive agreements.

Terms of Consideration

Subject to the completion of valuation and receipt of necessary approvals, Tirth Plastic Limited plans to discharge the acquisition consideration through one or a combination of the following modes. The final structure will be determined based on valuation, compliance, tax efficiency, and mutual agreement between the parties involved.

Regulatory Disclosures

The disclosure was made to the stock exchanges pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the broad terms of the MOU do not involve any promoter or promoter group participation beyond the standard acquisition framework.