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.

Tirth Plastic shareholders approved the issuance of 45,00,000 Fully Convertible Warrants and the appointment of a new independent director through a postal ballot process concluded on August 23, 2026.

The company submitted the voting results to the Bombay Stock Exchange on August 24, 2026, following the scrutiny report by M/S A. Shah and Associates. Both special resolutions passed with overwhelming support from public non-institutional shareholders, while promoters and institutional investors did not participate in the voting process.

Voting Results

The postal ballot involved 9,351 shareholders on the record date of July 21, 2026. The e-voting period ran from July 25, 2026, until August 23, 2026. No physical postal ballots were received; all votes were cast via remote e-voting.

Resolution 1: Warrant Issuance

The first resolution authorized the preferential issuance of 45,00,000 Fully Convertible Warrants to non-promoter category persons. Each warrant has a face value of ₹10 and an issue price of ₹30. Holders can convert one warrant into one equity share based on the registered valuer's report.

Promoters and promoter group hold 10,47,160 shares but did not cast any votes. The resolution passed with the requisite majority under Section 108 of the Companies Act, 2013.

Resolution 2: Director Appointment

The second resolution approved the appointment of Ms. Nidhi Bharatbhai Gandhi (DIN: 11086584) as a Non-Executive Independent Director. Unlike the first resolution, promoters were interested in this agenda item but still abstained from voting.

This resolution also passed with the requisite majority. The low number of votes against (17) indicates strong consensus among participating shareholders for the governance change.

Regulatory Compliance

Mr. Jigar Mukeshbhai Shah, Managing Director (DIN: 06605922), signed the disclosure letter addressed to the General Manager at BSE Limited. The results comply with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The final outcome is published on the company's website alongside the scrutinizer's report.