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.

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.