Reappointment of Executive Director
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
National Plastic Technologies reported Q1 FY26 revenue from operations of Rs 7,407.25 lakhs, up about 7.9% year-on-year from Rs 6,867.47 lakhs in Q1 FY25. Net profit stood at Rs 222.35 lakhs (vs Rs 208.52 lakhs YoY), with diluted EPS of Rs 3.66. The board approved appointing M/s. P Muthukumaran & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) and reappointed Mr. Venkatesan N as Executive Director for three years effective April 12, 2026. Separately, Mrs. Manju Parakh declined reappointment as Non-executive Director, and the board recommended appointing Mr. Alok Parakh in her place, subject to shareholder approval at the upcoming AGM.
Steady YoY revenue and profit growth signals operational stability for the moulded plastic products maker. Board reshuffle within the Parakh family (Arihant Parakh remains MD) suggests continuity of promoter control with no material governance concerns; routine reappointments are unlikely to move the stock.