Announcement u/r 30 of SEBI (LODR) Regulations
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National Plastic Technologies Ltd has informed the stock exchanges that its Board of Directors approved the closure of the Faridabad plant effective March 31, 2026. Operations from Faridabad will be partially relocated and consolidated at the company's existing Puducherry plant. The Faridabad unit contributed around Rs. 40 crore in turnover during FY 2024-25, which is less than 13% of the company's total turnover of around Rs. 310 crore. The unit's net worth is less than 15% of the company's total consolidated net worth. The company expects a net turnover decrease of about Rs. 20 crore from the closure, but says shifting of existing machinery will result in cost savings, with negligible impact on overall profitability.
This is a cost-optimization move rather than a distress event. Shareholders may view the consolidation positively as it aims to improve operational efficiency and reduce costs, even though it comes with a modest ~Rs. 20 crore drop in revenue. The impact on profitability is expected to be negligible, so the stock price reaction is likely to be muted.