Tirth Plastic Limited reported a net profit of ₹37.97 lakh for the financial year ended March 31, 2026, a significant increase from ₹1.32 lakh in the previous year. The company's board of directors approved the audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 25, 2026. The approval is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also submitted an intimation regarding the publication of these results in a newspaper on May 26, 2026, under Regulation 47 of the SEBI regulations.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a net profit of ₹15.81 lakh, compared to ₹0.96 lakh in the same period last year. Revenue from operations for the quarter stood at ₹508.23 lakh, a substantial rise from ₹3.04 lakh in the corresponding quarter of the previous year. Total income for the full year ended March 31, 2026, was ₹957.85 lakh.

Key Financial Metrics

The statutory auditors performed an audit of the financial results for the quarter ended March 31, 2026, and issued an unmodified opinion. There are no qualifications in the audit report.

Internal Auditor Appointment

The board appointed M/S Shweta Jain & Co LLP as the internal auditor of the company for the financial year 2026-27. The firm, a practicing Chartered Accountant entity, was appointed during the meeting held on May 25, 2026.

Particulars of Appointment

The notice regarding the outcome was signed by Managing Director Mr. Jigar Mukeshbhai Shah.

Tirth Plastic Limited has executed a Memorandum of Understanding (MOU) with Mannibhadra Agro Private Limited (MAPL) on 13th May, 2026, establishing a framework for strategic association and proposed investment. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The MOU was signed by both parties and the disclosure was submitted by Managing Director Mr. Jigar Mukeshbhai Shah (DIN: 06605922).

Key Details of the MOU

The following table summarises the key parameters of the MOU as disclosed under Regulation 30:

Objectives of the Strategic Association

The MOU outlines a broad framework for collaboration between the two companies. The key objectives include:

• Strategic business collaboration between the parties
• Proposed investment by Tirth Plastic Limited into Mannibhadra Agro Private Limited
• Expansion of agro trading and allied business operations
• Development of domestic and international business opportunities
• Financial and strategic participation by Tirth Plastic Limited in Mannibhadra Agro Private Limited
• Future expansion, scaling, and business integration opportunities

Terms and Expected Benefits

The parties have expressed their desire to establish a strategic association for long-term business cooperation, investment participation, and expansion of agro-related business activities. The MOU is expected to facilitate strategic growth, business diversification, expanded market reach across domestic and international segments, enhanced financial participation, and long-term value creation for both parties.

It is important to note that no definitive agreements have been entered into at this stage. The MOU remains non-binding and is contingent upon the execution of definitive agreements, completion of due diligence, and receipt of applicable statutory and regulatory approvals. The proposed acquisition of approximately 20% stake in Mannibhadra Agro Private Limited is also subject to valuation and the aforementioned conditions.