Mpl Plastics Ltd — Important, 24-08-2026: Company Update

MPL Plastics' latest annual report reveals its manufacturing operations ceased in FY24, with assets sold, casting material uncertainty on its going concern status. Shareholders previously approved a corporate insolvency resolution process. For FY26, the company reported a loss of 0.17 Cr on revenue of 0.39 Cr, an improvement from last year's 0.48 Cr loss. No dividend was suggested for approval. Significant contingent tax liabilities exceeding 26 Cr remain under dispute. A new CFO was appointed, and the re-appointment of a Director and Statutory Auditors is proposed. Additionally, 1.25 Cr preferential shares for promoters await BSE listing.