Tirth Plastic completed its postal ballot voting process on August 23, 2026. The company transacted two key resolutions through e-voting and postal ballot methods, with results pending the scrutinizer's report.

The primary resolution involved the issuance of 45,00,000 (Forty-Five Lakhs) Fully Convertible Warrants on a preferential basis to persons in the Non-Promoter Category. Each warrant carries a face value of ₹10 and an issue price of ₹30. Holders have the right to convert one warrant into one equity share, as calculated in the valuation report provided by a registered valuer.

Governance Changes

The second resolution approved the appointment of Ms. Nidhi Bharatbhai Gandhi as a Non-Executive Independent Director. Her DIN is 11086584.

Regulatory Compliance

Tirth Plastic stated that voting results will be communicated to the exchanges subsequent to receiving the Scrutinizer report, in compliance with Regulation 44 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. The final outcome will also be published on the company's website.

Mr. Jigar Mukeshbhai Shah, Managing Director (DIN: 06605922), signed the disclosure letter addressed to the General Manager at BSE Limited.

Tirth Plastic reported a net profit of ₹19.91 lakh for the first quarter of FY27 (ended June 30, 2026), reversing a loss of ₹2.34 lakh recorded in the corresponding period of FY26. Revenue from operations rose to ₹522.64 lakh, up from zero in Q1FY26, driven by purchases of stock-in-trade totaling ₹490.60 lakh.

The company’s board of directors approved the unaudited standalone financial results during a meeting held on August 12, 2026. The results were accompanied by a limited review report issued by statutory auditors SSRV & Associates.

Financial Performance

Key financial metrics for the quarter highlight a return to profitability and operational activity:

For the full fiscal year ended March 31, 2026, the company reported total revenue of ₹957.85 lakh and a net profit of ₹37.97 lakh. Current tax expense for Q1FY27 was ₹5.17 lakh.

Corporate Actions

In addition to approving the financial results, the board finalized details for the upcoming Annual General Meeting (AGM). The company appointed M/s A Shah & Associates as the scrutinizer for the AGM and approved the draft notice, directors' report, and secretarial audit report for FY26.

The board also issued a corrigendum regarding the preferential issue of warrants. Mr. Pragneshkumar Girishchandra Dave was replaced as a proposed allottee following an SEBI order that rendered him ineligible. Mrs. Vandana Ben K Bhutiyani has been appointed as his replacement, with all other terms remaining unchanged.

What the Numbers Show

The shift from a loss to profit in Q1FY27 is directly linked to the resumption of operational revenue, which stood at zero in the prior year quarter. With total expenses at ₹497.56 lakh against revenue of ₹522.64 lakh, the company maintained a narrow operating margin, indicating tight cost control or low-margin trading activities given the high proportion of stock-in-trade purchases relative to total revenue.