Ecoplast Limited delivered robust financial results for the quarter ended June 2026, with consolidated net profit rising 14.04% to ₹3.33 crore compared to ₹2.92 crore in the corresponding quarter of the previous year. The company's sales revenue surged 17.87% to ₹63.25 crore in Q1 FY27, up from ₹53.66 crore in Q1 FY26, demonstrating strong operational momentum. The operating profit margin improved to 9.58% from 7.85% in the previous year, while PBDT increased 18% to ₹6.26 crore and PBT grew 19% to ₹4.63 crore. This performance reflects the positive impact of the company's recent merger with Kunal Plastics Private Limited, which was sanctioned by the National Company Law Tribunal, Ahmedabad, on May 14, 2026.
Ecoplast Limited will seek shareholder approval for significant remuneration revisions for its top management at its 44th Annual General Meeting (AGM) scheduled for September 7, 2026. The pay hikes, effective from June 1, 2026, are driven by the expanded operational scale following the approved amalgamation with Kunal Plastics Private Limited, which was sanctioned by the National Company Law Tribunal, Ahmedabad, on May 14, 2026. The meeting, to be held at Shantivan Resort in Valsad, Gujarat, will also address the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the re-appointment of director Ravi Amulbhai Mehta.
The revised compensation packages include Managing Director Jaymin B. Desai with a basic salary of ₹9,89,218 per month, Whole-time Director Atul Baijal at ₹5,41,667 per month, Whole-time Director Aditya Nitinkumar Patel at ₹2,26,400 per month, and Whole-time Director Ravi Amulbhai Mehta at ₹3,20,200 per month. As reported by the company's explanatory statement, Desai's package includes leave travel allowance, medical allowance, and other allowances totaling ₹1,48,336 per month, alongside provident fund and superannuation contributions. Baijal's revision includes leave travel and medical allowances of ₹19,175 each per month, while Mehta's package features comprehensive allowances including house rent, conveyance, leave travel, medical, education, and hostel education allowances.
The company reported FY26 turnover of ₹22,108.23 lakh, representing growth from ₹20,778.26 lakh in FY25, but net profit declined from ₹1,377.01 lakh in FY25 to ₹1,198.12 lakh in FY26. While revenue expanded by approximately 6.4% year-on-year, net profit contracted by roughly 13% in FY26. This divergence suggests that the cost base or operational expenses may have risen faster than top-line growth, potentially reflecting integration costs from the Kunal Plastics merger or broader input cost pressures in the plastics manufacturing sector. The absence of dividends despite positive profitability indicates a strategy focused on retaining earnings for operational scaling or debt reduction rather than shareholder payouts.
Shareholders will also ratify the remuneration of M/s Kishore Bhatia & Associates as Cost Auditors for the financial year ending March 31, 2027. The firm, registered under FRN 00294, will receive ₹2,50,000 plus applicable taxes and out-of-pocket expenses. Ravi Amulbhai Mehta retires by rotation and offers himself for re-appointment. Remote e-voting will be facilitated by Central Depository Services (India) Limited (CDSL) from September 4, 2026, to September 6, 2026, with the record date for voting rights being August 31, 2026. Members holding shares in physical form must update their details with the Registrar and Share Transfer Agent, MUFG Intime India Private Limited, to participate effectively.
