Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ecoplast Ltd reported FY26 standalone revenue of Rs 22,108 Lacs, up 6.4% from Rs 20,778 Lacs in FY25. However, profit after tax declined 13% to Rs 1,198 Lacs from Rs 1,377 Lacs in the prior year. EPS fell to Rs 25.20 from Rs 31.72. The company had negative operating cash flow of Rs -209 Lacs (vs +Rs 1,316 Lacs in FY25), primarily due to a large increase in other non-current assets (Rs 1,571 Lacs). The board approved the merger of Kunal Plastics Private Limited (appointed date April 1, 2025, effective May 28, 2026) with a record date of June 12, 2026 for share exchange at 52:1 ratio. No dividend was declared for FY26. Statutory auditors issued an unmodified opinion with an emphasis of matter on the merger accounting.
The 13% PAT decline and negative operating cash flow are concerning for shareholders, though the company maintains low debt (D/E likely well below 1). The Kunal Plastics merger may provide future synergies. Unmodified audit opinion provides some comfort on financial reporting quality.