Wim plast Limited has officially announced the completion of Mr. Sudhakar L. Mondkar's second term as Independent Director, effective from the close of business hours on March 7th, 2026. The cessation marks the end of his directorship tenure with the company due to the natural expiry of his term as outlined in the formal regulatory disclosure.

Regulatory Compliance and Disclosure

The disclosure was made in compliance with Section 149(11) of the Companies Act, 2013, and pursuant to Regulation 30 of SEBI Listing Regulations. The company communicated this development to BSE Limited through an official letter, where it is listed under scrip code 526586 and scrip ID WIMPLAST. The disclosure references the company's earlier communication dated February 14th, 2026, regarding the outcome of the board meeting.

Director Cessation Details

The following table outlines the key details of Mr. Mondkar's directorship cessation:

Formal Documentation Process

The regulatory disclosure includes comprehensive details as mandated under Regulation 30 read with Schedule III - Para A of Part A of the SEBI Listing Regulations. The formal documentation specifies that Mr. Mondkar ceased to be an Independent Director due to completion of his second term of office, with all details provided in Annexure-A of the official communication.

Company's Acknowledgment

Wim Plast Limited expressed formal appreciation for Mr. Mondkar's contributions during his tenure as Independent Director. The company thanked him for his valuable input during his directorship period and extended best wishes for his future endeavors. This acknowledgment was included in the official regulatory filing, reflecting the professional relationship maintained throughout his tenure.

Corporate Governance Compliance

The disclosure was digitally signed by Darsha Adodra, Company Secretary & Compliance Officer (FCS: 12831), on March 7th, 2026, ensuring proper authorization and compliance with corporate governance standards. The information has been made available on the company's website at https://www.cellowimplast.com/ for stakeholder access, maintaining transparency in corporate communications.

Wim Plast Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, following the board meeting held on February 14, 2026. The company reported quarterly revenue of ₹8,325.12 lakhs and net profit of ₹1,272.39 lakhs, demonstrating stable operational performance despite challenging market conditions.

Q3FY26 Financial Performance

The company's quarterly results showed revenue from operations of ₹8,325.12 lakhs compared to ₹9,307.72 lakhs in the corresponding quarter of the previous year. Net profit for the quarter stood at ₹1,272.39 lakhs against ₹1,348.56 lakhs in Q3FY25.

Nine-Month Performance Overview

For the nine months ended December 31, 2025, Wim Plast achieved revenue from operations of ₹25,745.28 lakhs compared to ₹26,161.65 lakhs in the corresponding period of the previous year. The company maintained profitability with net profit of ₹4,210.92 lakhs against ₹4,690.70 lakhs in the previous year.

Segment-wise Revenue Analysis

The company's primary business segment, Plastics, Furniture & allied products, generated revenue of ₹8,312.03 lakhs in Q3FY26 compared to ₹9,102.14 lakhs in Q3FY25. The Moulds segment contributed ₹13.09 lakhs during the quarter.

Exceptional Items and Key Highlights

The company recorded an exceptional item of ₹70.01 lakhs during the quarter, representing incremental provision towards Gratuity liability due to actuarial valuations considering the New Labour Codes effective November 21, 2025. This provision was disclosed separately considering its materiality and non-recurring nature.

Board Leadership Changes and Corporate Governance

Alongside the financial results, the board approved significant leadership changes with Mr. Sudhakar L. Mondkar's retirement as Independent Director effective March 7, 2026, and the appointment of Mr. Ramesh F. Ranka as Independent Director from March 8, 2026. The company also ratified the relocation of its corporate office to 17th Floor, Cello Corporate Annexe, Sonawala Road, Goregaon East, Mumbai, effective February 6, 2026.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors, with statutory auditor Jeswani & Rathore conducting a limited review of the quarterly and nine-month results.