Board Meeting Outcome For Financial Results For Quarter Ended December 31, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
MPL Plastics reported virtually no revenue from operations for Q3 FY26, with total income of only Rs. 6 lakhs coming entirely from 'other income.' The company posted a net loss of Rs. 6 lakhs for the quarter and Rs. 33 lakhs for the nine months ended December 31, 2025, against a loss of Rs. 34 lakhs in the prior-year period. Earnings per share stood at (0.05) for the quarter and (0.26) for nine months, while reserves were deep in the red at Rs. (1,603) lakhs. Manufacturing operations remain shut since FY24 (Silvassa and Pune plants closed), and the company had already initiated corporate insolvency proceedings in 2022 and informed BSE of voluntary winding-up under Section 10 of the IBC in July 2024. The statutory auditor has issued an adverse opinion citing material uncertainty about the company's ability to continue as a going concern.
Extremely negative for shareholders — the business is non-operational, the auditor has flagged a going-concern doubt with an adverse opinion, and the company is in the process of winding up under the IBC. Investors should treat this stock as effectively distressed with very high risk of total loss.