Ecoplast Limited has successfully conducted the National Company Law Tribunal (NCLT) mandated meetings for its equity shareholders and unsecured creditors to consider the proposed merger with Kunal Plastics Private Limited. This development marks a significant step in the corporate restructuring process for both companies.

Key Details of the Meetings

• Meeting Date: November 28, 2025
• Meetings Held: Equity Shareholders and Unsecured Creditors
• Meeting Format: Video Conferencing
• Purpose: To consider the Scheme of Amalgamation
• Attendance: 30 equity shareholders and 3 unsecured creditors
• Quorum: Achieved as required

Background and Legal Framework

The meetings were held in compliance with the NCLT Ahmedabad Bench's directive, which came in response to a Joint Company Scheme Application filed by Ecoplast Limited and Kunal Plastics Private Limited. This application was submitted under Sections 230 to 232 of the Companies Act, 2013, which govern the process of mergers and amalgamations.

Merger Specifics

Meeting Outcomes

While the meetings achieved the required quorum, the detailed voting results are yet to be submitted. Ecoplast Limited has indicated that these results will be provided separately as part of the ongoing corporate restructuring process.

Next Steps

1. Submission of detailed voting results from the meetings
2. Further proceedings based on the outcome of the shareholder and creditor votes
3. Continuation of the amalgamation process, subject to necessary approvals

This development represents a critical juncture in the merger process between Ecoplast Limited and Kunal Plastics Private Limited. The successful conduct of these meetings, as mandated by the NCLT, demonstrates progress in the proposed amalgamation.

Investors and stakeholders of Ecoplast Limited should closely monitor further announcements regarding the voting results and any additional details about the proposed merger scheme as the corporate restructuring process moves forward.

Ecoplast Limited , a Gujarat-based plastic film manufacturer, has announced its financial results for the first quarter of the fiscal year 2026, showcasing revenue growth and steady profitability.

Financial Performance

The company reported a standalone revenue from operations of Rs. 3,433.34 lacs for the quarter ended June 30, 2025, marking a 12.96% increase from Rs. 3,039.51 lacs in the same quarter of the previous year. The total income for the quarter stood at Rs. 3,526.27 lacs, up from Rs. 3,105.50 lacs year-over-year.

Profit and Earnings

Despite the revenue growth, Ecoplast's profit for the period saw a slight decrease. The company reported a profit of Rs. 206.61 lacs, compared to Rs. 218.56 lacs in the corresponding quarter last year. This resulted in a basic earnings per share (EPS) of Rs. 5.98, down from Rs. 7.29 in Q1 FY2025.

Consolidated Results

On a consolidated basis, which includes the results of its subsidiary Synergy Films Private Limited, Ecoplast Limited reported a total income of Rs. 3,527.92 lacs and a profit of Rs. 208.02 lacs for the quarter.

Key Financial Metrics

Management Approval

The Board of Directors of Ecoplast Limited approved both the standalone and consolidated results in a meeting held on August 8, 2025. The meeting commenced at 4:30 PM and concluded at 4:48 PM.

Company Overview

Ecoplast Limited is primarily engaged in the business of plastic film manufacturing. The company operates in a single business segment and primarily serves the Indian market, which is considered its single geographical segment.

The financial results have been prepared in accordance with Indian Accounting Standards (IND AS) as prescribed under section 133 of the Companies Act, 2013. The Limited Review Report of the Statutory Auditors does not contain any qualifications or modifications.

Investors and stakeholders can find more detailed information about the results on the company's website at www.ecoplastindia.com and in the corporate section of the BSE website at www.bseindia.com .