MPL Plastics News

MPL Plastics Reports Q3 FY26 Loss of Rs 6 Lakhs

MPL Plastics Limited posted a net loss of Rs 6 lakhs for Q3 FY26 ended December 31, 2025, with total income of Rs 6 lakhs from other income sources as operations remain closed.

MPL Plastics Reports Zero Revenue as Operations Remain Closed, Faces Material Uncertainty on Going Concern

MPL Plastics Limited reported zero revenue from operations for the quarter and six months ended September 30, 2025. The company has closed down its operations at Sivassa Pune plant, with manufacturing operations completely stopped since plant machinery, land, building, and warehouse at Pune were sold. The auditors issued an adverse opinion regarding the company's ability to continue as a going concern, citing material uncertainty. The Board and shareholders had previously approved a special resolution for initiation of corporate insolvency resolution process, and the company intimated BSE regarding winding up under Section 10 of the Insolvency and Bankruptcy Code, 2016. The quarterly results were approved by the Board of Directors on November 11, 2025.

MPL Plastics Limited Appoints New Company Secretary Amid Ongoing Winding Up Process

MPL Plastics Limited has appointed Vishakha Jain as Company Secretary and Compliance Officer. The company's auditor has issued an adverse opinion regarding its ability to continue as a going concern, noting that the company has closed down its operations. The Board and shareholders had previously approved initiation of corporate insolvency resolution process in March-April 2022, and the company intimated BSE about winding up under Section 10 of the Insolvency and Bankruptcy Code in July 2024. The auditor's review was conducted for the quarter ended June 30, 2025, highlighting material uncertainty about the company's going concern status.