Latest news about MPL Plastics
MPL Plastics
5.82
-0.57(-8.92%)
Company Performance:
View Company Insights1D-8.92%
1M-4.43%
6M-27.16%
1Y-36.32%
5Y+20.50%
More news about MPL Plastics
11Nov 25
MPL Plastics Reports Zero Revenue, Faces Uncertainty as Operations Cease
MPL Plastics Limited has ceased all operations, reporting no revenue for Q2 and H1 FY2026. The company's Sivassa Pune plant has been closed, with plant machinery, land, building, and warehouse sold off. Auditors issued an adverse opinion on the company's ability to continue as a going concern. The Board and shareholders have approved initiating a corporate insolvency resolution process, and the company plans to wind up operations under the Insolvency and Bankruptcy Code, 2016.
14Aug 25
MPL Plastics Limited Appoints New Company Secretary Amid Ongoing Winding Up Process
MPL Plastics Limited has appointed Vishakha Jain as Company Secretary and Compliance Officer. The company's Board approved unaudited financial results for Q2 2025. However, the independent auditor, M/s. Jain Vinay and Associates, raised significant concerns about the company's financial health. The auditor issued an adverse opinion on MPL Plastics' ability to continue as a going concern, citing cessation of operations and material uncertainty. The company had previously initiated a corporate insolvency resolution process and intimated BSE about winding up under the Insolvency and Bankruptcy Code, 2016.
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