Financial Results for the quarter and year ended 31.03.2026
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MPL Plastics Limited reported total income of Rs. 39.49 Lakhs for FY2026, up significantly from Rs. 7.05 Lakhs in the previous year. However, the company recorded a net loss of Rs. 16.99 Lakhs for the year (improved from Rs. 47.64 Lakhs loss in FY2025). The auditors issued a Material Uncertainty Related to Going Concern note, warning that operations have been completely shut down at Silvassa and Pune plants since 2023-24 after assets were sold. The company has negative equity of Rs. 369.53 Lakhs and negative operating cash flow of Rs. 49.19 Lakhs. The Board had approved initiating Corporate Insolvency Resolution Process under IBC in March-April 2022, which was re-confirmed to BSE in July 2024.
This is a distressed company with ceased operations, negative equity, and ongoing insolvency proceedings. The stock carries extreme risk of liquidation or delisting. Any revenue shown is likely from asset divestments rather than business operations.