NCLT Orders Ecoplast Limited to Hold Shareholder and Creditor Meetings for Kunal Plastics Merger

The National Company Law Tribunal (NCLT) Ahmedabad Bench has directed Ecoplast Limited to convene meetings of 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 NCLT Order

Order Date: October 14, 2025
Meetings to be Held: Equity Shareholders and Unsecured Creditors
Time Frame: Within 45 days of the order
Meeting Format: Video Conferencing / Other Audio Visual Means (VC/OAVM)
Purpose: To consider and approve the Scheme of Amalgamation, with or without modifications

Background and Legal Framework

The NCLT's directive comes 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

Aspect	Details
Transferor Company	Kunal Plastics Private Limited (KPPL)
Transferee Company	Ecoplast Limited
Scheme Type	Amalgamation
Regulatory Framework	Companies Act, 2013 and related rules

Company's Response

Ecoplast Limited has promptly informed the BSE Limited about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's disclosure highlights its commitment to transparency in corporate governance.

Next Steps

Ecoplast Limited will organize the mandated meetings within the specified 45-day timeframe.
Shareholders and creditors will have the opportunity to review and vote on the merger scheme.
The outcome of these meetings will be crucial in determining the future of the proposed amalgamation.

This NCLT order represents a critical juncture in the merger process between Ecoplast Limited and Kunal Plastics Private Limited. The upcoming shareholder and creditor meetings will play a pivotal role in shaping the future structure of these entities in the plastics industry.

Investors and stakeholders of Ecoplast Limited should closely monitor further announcements regarding the specific dates of these meetings and any additional details about the proposed merger scheme.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.68%	-0.59%	-4.06%	-31.20%	-15.71%	+542.86%

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

Metric (Standalone)	Q1 FY2026	Q1 FY2025	YoY Change
Revenue from Operations (Rs. lacs)	3,433.34	3,039.51	12.96%
Total Income (Rs. lacs)	3,526.27	3,105.50	13.55%
Profit (Rs. lacs)	206.61	218.56	-5.47%
Basic EPS (Rs.)	5.98	7.29	-17.97%

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 .