BSEKkalpana Plastick LtdHighNeutral
Announced Wed, 28 Oct, 2026 · 24:02 IST

Open offer completed; Ashish Begwani to take control as new promoter

Revenue DeclinePat NegativeAuditor Mid Year ChangeResults View source PDFExplain this filing
Price reaction

Awaiting price reaction for this filing.

AI summary

Ashish Begwani’s open offer is complete; he is expected to become promoter and take control after share transfer by 3 Nov 2026, while existing promoters become public shareholders. Q2 FY27 saw no sales; total income fell to Rs 9.97 lakh from Rs 12.29 lakh, and first-half net loss was Rs 6.57 lakh versus Rs 2.29 lakh profit. Four directors resigned, new directors and a chief financial officer were appointed, and the statutory auditor resigns on 3 Nov.

Likely market impact

Control is expected to shift to Ashish Begwani, but weak sales, a half-year loss, board turnover and auditor change raise price volatility risk.