Outcome of the Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Ambitious Plastomac Company Ltd met on May 20, 2026 and approved the audited financial results for Q4 and full year ended March 31, 2026. The company reported revenue from operations of Rs 1,109.62 Lakhs, a significant 66% increase from Rs 667.88 Lakhs in the previous year. Net profit for FY2026 stood at Rs 15.19 Lakhs, nearly doubling from Rs 7.91 Lakhs in FY2025. EPS improved to Rs 0.26 from Rs 0.14 previously. The statutory auditor M/s Fenil P Shah and Associates issued an UNMODIFIED (clean) opinion on the financial results. The Board also re-appointed M/s Parthkumar & Associates as Secretarial Auditor and M/s K. P. Sompura & Co. as Internal Auditor for FY 2026-27. Note: The company has negative equity of Rs 51.53 Lakhs and is involved in ongoing income tax litigations.
The strong revenue growth and near-doubling of net profit are positive signals, and the clean audit opinion adds credibility. However, the company's negative equity position (accumulated losses) and ongoing tax litigations are risk factors that shareholders should monitor closely.