Shree Ganesh Elastoplast Limited's Board of Directors held a meeting on March 2, 2026, to approve the initiation of a postal ballot process for amending the company's main object clause. The meeting, which commenced at 5:00 PM and concluded at 5:30 PM, focused on enabling the company to expand its business activities through the addition of consultancy services.

Proposed Object Clause Amendment

The board considered the addition of a new object clause to the existing main objects clause of the Memorandum of Association. The proposed Main Object Clause No: III (A) (7) will enable the company to carry on business providing managerial, supervisory, technical, engineering, and professional services to industry, mines, and manufacturing units. The clause specifically covers services for determining timely and qualitative production of various mineral products, mine products, and industrial products, including supervision of manufacturing processes for coal, iron, aluminium, zinc, copper, metals, lignite, and other related products.

Board Meeting Decisions

The board made several key decisions during the meeting:

E-Voting Schedule and Timeline

The company has established a comprehensive calendar of events for the postal ballot process. The e-voting period will commence on Friday, March 13, 2026, at 10:00 AM and conclude on Monday, April 13, 2026, at 5:00 PM. Key milestones in the process include:

Compliance and Documentation

The postal ballot process will be conducted in compliance with Regulation 29-30 of the SEBI (LODR) 2015 as amended. The company will dispatch postal ballot notices to shareholders by registered post and publish newspaper advertisements as required under rule 22(3) of Companies (Management & Administration) Rules, 2014. The scrutinizer will submit the report to the director on April 16, 2026, followed by the declaration of results and intimation to the stock exchange on the same day.

Corporate Information

Shree Ganesh Elastoplast Limited operates with CIN L25200GJ1994PLC021666 and maintains its registered office at 413, 4th Floor, Sankalp Square 3B, Nr. Taj Skyline, SBR, Ahmedabad-58. The meeting outcome was signed by Mihir R Shah, Whole Time Director (DIN: 02055933), and the company will file the approved resolution with the Registrar of Companies along with necessary forms and supporting documents by April 30, 2026.

Shree Ganesh Elastoplast Limited , a company engaged in commodity trading and stock trading, has reported a significant increase in its net profit for the financial year ended March 31, 2021. The company's performance shows a remarkable turnaround compared to the previous year.

Financial Highlights

• Net profit rose to Rs 50.96 lakh in FY2021, up from Rs 8.72 lakh in the previous year, marking a substantial 485% increase.
• Total income grew to Rs 1,247.22 lakh, compared to Rs 646.38 lakh in the previous year, representing a 93% year-on-year growth.
• Earnings per share (EPS) improved to Rs 0.93 in FY2021 from Rs 0.16 in the previous year.

Quarterly Performance

Despite the overall positive annual results, the company reported a quarterly loss in Q4 FY2021:

Business Focus

Shree Ganesh Elastoplast Limited operates solely in commodity trading and stock trading business. The significant increase in total income suggests a substantial growth in trading activities during the fiscal year.

Audit Opinion

The company's audited financial results received an unmodified opinion from statutory auditors, indicating that the financial statements present a true and fair view of the company's affairs.

Management's Perspective

While the company has not provided specific comments from the management, the substantial increase in profitability and revenue suggests effective execution of trading strategies and possibly favorable market conditions during the year.

The contrast between the strong annual performance and the quarterly loss in Q4 may indicate some challenges faced towards the end of the fiscal year, possibly due to market volatility or other factors affecting the trading business.

Investors and stakeholders will likely be watching closely to see if Shree Ganesh Elastoplast can maintain this growth trajectory in the coming years and address the factors leading to the Q4 loss.