Outcome of Board Meeting of MPL Plastics Limited held on 28.05.2026 for approval of Audited financial resuls for the quarter and year ended 31.03.2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MPL Plastics Limited reported audited financial results for the year ended March 31, 2026. Total income increased to Rs. 39.49 Lakhs from Rs. 7.05 Lakhs in the prior year, though the company remains loss-making with a net loss of Rs. 16.99 Lakhs (improved from Rs. 47.64 Lakhs loss). The company has negative equity of Rs. 369.53 Lakhs and negative reserves of Rs. 1,619.38 Lakhs. Critically, the company's manufacturing operations at Silvassa and Pune plants were closed during 2023-24, and operations have completely ceased. The statutory auditor has highlighted a material uncertainty related to going concern, noting that these conditions cast significant doubt on the company's ability to continue as a going concern. The company's Board and shareholders had already approved initiation of corporate insolvency resolution process in April 2022.
This is a highly distressed company with operations shut down, negative equity, ongoing losses, and an active insolvency process. The going concern qualification signals extreme risk for shareholders and creditors. The stock is speculative and may be delisted.