National Plastic Industries Ltd — Board Meeting, 30-05-2025: Board Meeting

National Plastic Industries Limited has announced a board meeting on to approve the financial results for the quarter and half-year. The Board approved the audited financial results for the year ended 31st March 2025 with an unmodified auditor’s opinion. Revenue from operations stood at Rs. 96.95 Cr, slightly lower than the previous year. Net profit for the year was Rs. 3.75 Cr compared to Rs. 1.62 Cr last year. The Board did not declare any dividend. The company appointed M/s Ragini Chokshi & Associates as Secretarial Auditors for five years and re-appointed M/s Parekh Sharma & Associates as Internal Auditors. Mr. Harsh Parekh was approved for re-appointment as Whole-Time Director. The Board constituted a CSR committee and approved a CSR policy focusing on healthcare and social development initiatives. The company maintains an adequate internal financial control system, with no material uncertainties on going concern. Related party transaction policies were updated to ensure transparency and compliance. Outstanding borrowings reduced significantly from Rs. 52 Cr to Rs. 24.2 Cr, improving the financial position. Cash balance declined due to reduced borrowings and investment in fixed assets.