Submission of unaudited financial results for quarer ended 30.06.2025.
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Awaiting price reaction for this filing.
MPL Plastics reported nil revenue from operations for Q1 FY26 (quarter ended 30 June 2025), with total income of just Rs. 6 lakhs coming entirely from other income. The company posted a net loss of Rs. 15 lakhs for the quarter, widening from Rs. 8 lakhs loss in the same quarter last year. Full-year FY25 loss stood at Rs. 48 lakhs, and reserves are deeply negative at Rs. (1,603) lakhs against share capital of Rs. 1,250 lakhs. Manufacturing operations have been completely shut down since FY24 after selling plant, machinery, land and warehouse at Pune. The statutory auditor issued an adverse opinion, flagging material uncertainty on the company's ability to continue as a going concern, and noted that the company had already initiated winding-up proceedings under Section 10 of the Insolvency and Bankruptcy Code.
This is a deeply distressed situation for shareholders — the company has ceased operations, is undergoing voluntary winding-up under IBC, has negative reserves, and the auditor has cast serious doubt on its survival. Investors should treat this as a near-total loss scenario with very high risk.