Please find announcement under Regulation 30 of SEBI (LODR) Regulations, 2015 as per the document attached.
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Tirth Plastic Limited has entered into a non-binding MOU with Mannibhadra Agro Private Limited (MAPL) on 13 May 2026 to establish a strategic association. Under the terms, TPL proposes to invest up to INR 5 crore (approximately Rs. 5,00,00,000) in MAPL and initially acquire approximately 20% stake in the company. The investment is subject to due diligence, execution of definitive agreements, valuation, and applicable regulatory approvals. The MOU aims to facilitate strategic business collaboration, agro trading expansion, and development of domestic and international business opportunities. The transaction is not a related party transaction and does not involve any promoter group interest.
The proposed investment marks Tirth Plastic's entry into the agro trading sector, representing a strategic diversification away from its core plastic business. Since the MOU is non-binding and subject to several conditions, the actual acquisition remains contingent on further negotiations and approvals.