StockWatch
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Plastic Products - Industrial
Board Meeting28 Oct 2026, 07:31 am

Kkalpana Plastick: Board Approves Q2 Results, Ashish Begwani to Gain Control

AI Summary

Kkalpana Plastick Ltd held its 3rd Board Meeting of the 2026-27 fiscal year on October 27, 2026. The board approved the unaudited financial results for the second quarter and half-year ended September 30, 2026, along with the auditor's limited review report. A significant development was the noted completion of the Open Offer by Mr. Ashish Begwani, who is set to acquire control of the company by November 3, 2026. Consequently, existing promoters Bbigplas Poly Private Limited and Mrs. Sarla Surana will cease to control the company and be reclassified as public shareholders. The meeting also saw the approval of several director appointments, including Ms. Ayesha Begwani as Managing Director, and Mr. Ashish Begwani as Non-Executive Non-Independent Director, along with four additional directors. Mr. Manish Kumar Jain was appointed as the Chief Financial Officer.

Key Highlights

  • Board approved unaudited financial results for Q2 and H1 FY27.
  • Mr. Ashish Begwani to acquire control of the company by Nov 3, 2026.
  • Existing promoters to be reclassified to 'Public' category.
  • Several director appointments approved, including MD and CFO.
  • Open Offer completion and compliance certificate noted.