Announced Wed, 12 Aug · 13:47 IST
MPL Plastics Q1 loss Rs 12.81L, auditor flags going concern with adverse opinion
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-9.1%1-day move
₹6.29
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-9.1+1.7+1.0-7.0+0.8-7.5————
Up moveDown movePending
AI summary
MPL Plastics posted Q1 FY27 total income of just Rs 0.28 lakhs and net loss of Rs 12.81 lakhs, slightly better than Rs 15.39 lakhs loss a year ago. The auditor issued an adverse opinion citing material uncertainty over going concern. The company shut its Silvassa and Pune plants in FY24 and is undergoing winding up under IBC Section 10. Reserves are negative at Rs 1619 lakhs.
Likely market impact
Auditor adverse opinion and near-zero revenue signal severe distress. Shareholders face significant risk as company heads toward liquidation under IBC.