StockWatch
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Plastic Products - Industrial
Board Meeting27 Oct 2026, 09:10 pm

Kkalpana Plastick: Board Approves Q2 FY27 Un-audited Results, Notes Open Offer Completion

AI Summary

Kkalpana Plastick Ltd held its 3rd Board Meeting for FY27 on October 27, 2026. The Board approved the un-audited financial results for the second quarter and half-year ended September 30, 2026, along with the Limited Review Report. A significant development was the note on the successful completion of the Open Offer by Mr. Ashish Begwani, who is set to acquire control of the company. Consequently, existing promoters Bbigplas Poly Private Limited and Mrs. Sarla Surana will cease to exercise control and be reclassified as 'Public'. The meeting also saw the approval of several director appointments, including Ms. Ayesha Begwani as Executive Director and Managing Director, and Mr. Ashish Begwani as Non-Executive Non-Independent Director, effective November 3, 2026, subject to shareholder approval. Additionally, Mr. Manish Kumar Jain was appointed Chief Financial Officer.

Key Highlights

  • Board approved un-audited financial results for Q2 and H1 FY27.
  • Open Offer by Mr. Ashish Begwani successfully completed.
  • Mr. Ashish Begwani to acquire control; promoters to be reclassified.
  • Several new directors appointed, including MD and CFO.
  • Appointments are subject to shareholder and regulatory approvals.