HCP Plastene Board Approves Q1 FY27 Unaudited Results, ESOP Allotment
HCP Plastene Bulkpack Ltd's Board of Directors met on August 12, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved the re-appointment of Mr. Prakash Parekh as Director and Managing Director, and Mr. Sandeep Shah as Non-Executive Independent Director. Key decisions included approving the Board Report for FY26, finalizing arrangements for the 42nd Annual General Meeting (AGM) on September 25, 2026, and approving the allotment of 16,780 ESOPs, which increased the paid-up equity share capital. The resignation of CFO Mr. Dhrumil Shah was noted and approved. The company also adopted new Articles of Association, subject to shareholder approval.
Key Highlights
- Unaudited standalone and consolidated results for Q1 FY27 approved.
- Re-appointment of key directors, including MD, approved.
- 16,780 ESOPs allotted, increasing paid-up share capital.
- 42nd AGM scheduled for September 25, 2026, with e-voting arrangements.
- CFO resignation accepted; new Articles of Association adopted.
Price Impact
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