MPL Plastics Ltd. Reports Adverse Going Concern Uncertainty in Q3 2025 Financials

MPL Plastics Limited has announced its quarterly unaudited financial results for the period ended 31st December, 2025. The company has faced a material uncertainty that may cast significant doubt on its ability to continue as a going concern. The Board of Directors and shareholders have already approved a special resolution for initiation of corporate insolvency resolution process under the provisions of the Code and applicable provisions. The company's manufacturing operations had stopped completely since plant & machinery, Land, Land & Building, Warehouse at Pune had been sold during the year 2023-24. The Statutory Auditors have carried out a Limited Review of the financial statements for the quarter and nine months ended 31st December, 2025.