Q2 results approved; chairman resigns and two directors appointed

Key managerial personnel resignedPromoter family joins the boardManagement Changes View source PDF Explain this filing

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-2.1%Reaction day

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Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Plastic Products - Consumer peers, median of 6sector-1.0%-1.1% vs sector

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AI summary

The board approved September 2026 quarter and half-year unaudited results; auditors raised no material concerns. Standalone H1 profit after tax was Rs 1,710.89 lakh. Bhaskar Parekh resigned as chairman and whole-time director; Dilip Parekh became chairman and managing director. Hitendra Bhalaria joined as independent non-executive director; Shriya Chaudhary, Dilip's daughter, joined as whole-time director for five years pending shareholder approval.

Likely market impact

Continuity under Dilip Parekh and higher profit offer support, but the chairman's exit may weigh on sentiment. New appointments need shareholder approval.