Ecoplast Limited announced significant board restructuring following a meeting held on December 29, 2025, with key leadership appointments that will take effect from January 1, 2026. The packaging sector company's board approved two major changes aimed at strengthening its governance and operational capabilities.

New Independent Director Appointment

The board, based on recommendations from the Nomination and Remuneration Committee, appointed Mr. Jayesh Jashvantlal Shah as Additional Director (Non-Executive Independent). The appointment details are structured as follows:

Mr. Shah brings extensive professional expertise to the board, with more than three decades of experience in accounting, auditing, taxation, and related financial areas. The company confirmed that he has not been debarred from holding directorial positions by SEBI or any other regulatory authority.

Executive Promotion to Whole-time Director

In a parallel move, the board approved the designation change of Mr. Jay Ketan Shroff from Non-Executive Director to Whole-time Director, effective from the same date. This promotion reflects the company's confidence in his capabilities and strategic vision.

Mr. Shroff's professional background spans various roles in the financial sector, with particular strength in investment banking, mergers and acquisitions, and public market operations. The company disclosed that he is related to Mr. Jaymin B. Desai, the Managing Director of Ecoplast Limited.

Regulatory Compliance and Approval Process

Both appointments require shareholder approval to become fully effective. The company has fulfilled all disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and the SEBI Master Circular dated November 11, 2024.

The board meeting, which commenced at 12:00 PM and concluded at 12:16 PM, demonstrates the company's commitment to strengthening its leadership structure. These strategic appointments position Ecoplast Limited to leverage enhanced expertise in financial management, strategic planning, and operational oversight as the company continues its growth trajectory in the packaging sector.

Ecoplast Ltd , a leading player in the plastic industry, has announced a significant capacity expansion plan, demonstrating its commitment to growth and meeting market demands. The company's Board of Directors has approved the addition of new extrusion film and coating plants, with a total investment of Rs 12.75 crore.

Expansion Details

The capacity expansion plan includes:

This expansion builds upon Ecoplast's current operations, which are running at 100% capacity utilization:

• Existing Extrusion Capacity: 5,760 MT per annum
• Existing SPF Capacity: 4,080 MT per annum

Financial Implications

The Rs 12.75 crore investment for this expansion will be financed through a combination of internal accruals and borrowings. This approach suggests a balanced funding strategy, leveraging the company's financial strength while maintaining financial flexibility.

Balance Sheet Analysis

A review of Ecoplast Ltd's recent balance sheet data reveals a strong financial position, supporting its expansion plans:

The company's robust growth in total assets and shareholders' capital over the past year indicates a strong financial foundation for undertaking this expansion. The significant increase in current assets suggests improved liquidity, which could partially support the investment plans.

Market Implications

This capacity expansion is likely to strengthen Ecoplast Ltd's market position in the plastic industry. The addition of 1,800 MT in extrusion film plant capacity and 1,680 MT in coating plant capacity represents a substantial increase in the company's production capabilities, potentially leading to increased market share and revenue growth in the coming years.

The phased implementation of the expansion, with completion dates set for June and December 2026, indicates a strategic approach to growth, allowing the company to gradually increase its production capacity while managing the associated risks and capital expenditure.

Investors and industry observers will likely watch closely how this expansion impacts Ecoplast's financial performance and market position in the coming years, particularly given the company's current full capacity utilization and the significant scale of this expansion plan.