Ambitious Plastomac Reports Mixed Financial Performance with Revenue Growth but Declining Profitability

Ambitious Plastomac Company Limited's board approved un-audited financial results showing revenue increased to Rs 217.05 lakhs in the quarter ended September 30, 2025 from Rs 140.55 lakhs in the previous year, while net profit declined to Rs 3.72 lakhs from Rs 9.27 lakhs. The company's six-month revenue reached Rs 530.52 lakhs compared to Rs 357.60 lakhs in the corresponding period, though profitability pressures persist with total comprehensive income dropping significantly.

Ambitious Plastomac Appoints New Statutory Auditor Following Resignation

Ambitious Plastomac Company Limited's Board of Directors approved the appointment of M/s Fenil P Shah Associates, Chartered Accountants, as the company's new statutory auditor effective November 4, 2025. The appointment fills a casual vacancy created by the resignation of M/s Pankaj K Shah Associates on September 1, 2025. The new auditor will hold office until the conclusion of the ensuing Annual General Meeting, subject to member approval within three months. Fenil Shah is a Chartered Accountant and Cost and Management Accountant who founded the peer-reviewed accounting firm based in Ahmedabad, with experience across manufacturing, healthcare, banking, pharmaceuticals, and financial services sectors.

Ambitious Plactomac Company Limited Approves Quarterly Results for June 30, 2025

Ambitious Plactomac Company Limited's Board of Directors approved unaudited financial results for the quarter ended June 30, 2025, during a meeting held on August 13, 2025. The board did not consider or approve any proposals for increasing authorized share capital or fund raising through various methods including preferential issue, convertible instruments, or private placement. The statutory auditors issued a qualified opinion on the financial results, citing the company's failure to provide for interest expense on income tax liability of Rs. 6.13 lakhs and income tax demands totaling Rs. 5.34 lakhs for assessment years 2006-07 and 2007-08. This resulted in an overstatement of profit by Rs. 6.13 lakhs and understatement of balance sheet items by Rs. 11.47 lakhs. The auditors noted the accounting treatment was not in accordance with Indian Accounting Standard 12 on Income taxes.