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

Kkalpana Plastick: Board Approves 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 Statutory Auditors' Limited Review Report. A significant development was the Board taking note of the successful completion of the Open Offer by Mr. Ashish Begwani, who will acquire control and become the Promoter by November 3, 2026. Consequently, existing promoters Bbigplas Poly Private Limited and Mrs. Sarla Surana will be reclassified to the 'Public' category. The meeting also saw the approval of several new director appointments, including Ms. Ayesha Begwani as Managing Director, and Mr. Ashish Begwani as Non-Executive Director, effective November 3, 2026. Mr. Manish Kumar Jain was appointed as the new Chief Financial Officer, also effective November 3, 2026.

Key Highlights

  • Board approved Q2 & H1 FY27 un-audited financial results.
  • Open Offer completed; Ashish Begwani to gain control by Nov 3.
  • Existing promoters to be reclassified to 'Public' category.
  • New MD, Directors, and CFO appointed, effective Nov 3.
  • Management and promoter changes signal a new strategic direction.