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Kkalpana Plastick Ltd (523652)

📊 BSE: 523652 🏢 Plastic Products - Industrial 📢 Latest filing: 25 Sep 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Kkalpana Plastick's revenue was ₹0.0 Cr, and net profit ₹-0.1 Cr.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹0.0	—	—
Operating profit	₹-0.2	loss widened	loss widened
Net profit	₹-0.1	—	to loss
EPS (₹)	-0.14	—	to loss

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Kkalpana Plastick: Post-offer ad released for open offer at Rs 28/share by Ashish Begwani

🟡 NEUTRAL ⭐ 6/10

M&A 📅 25 Sep 2026, 05:20 PM

VC Corporate Advisors published the post-offer advertisement regarding the open offer for Kkalpana Plastick Ltd by Acquirer Ashish Begwani. The open offer was made for up to 13,76,325 shares (26.00% of diluted equity) at an offer price of Rs 28.00 per equity share. Only 850 shares were tendered and accepted against the 13.76 lakh share offer size. The acquirer's post-offer holding stands at 17,25,487 shares (32.59% of diluted equity), including 17,24,637 shares (32.58%) agreed via SPA.

Open offer price fixed at Rs 28.00 per equity share against current market price of Rs 54.4
Only 850 shares tendered and accepted in the open offer vs 13,76,325 shares offered
Acquirer holds 17,25,487 shares (32.59%) post-offer including 17,24,637 shares from SPA
Public shareholding stands at 35,68,580 shares (67.41%) after completion of the offer

💡 Track the execution and formal transfer of shares under the Share Purchase Agreement (SPA), along with the formal reclassification of management and promoter status.

Open Offer for 26% Stake in Kkalpana Plastick Opens at ₹28.75 per Share

🟡 NEUTRAL ⭐ 9/10

M&A 📅 20 Aug 2026, 06:14 PM

VC Corporate Advisors has issued the Offer Opening Public Announcement cum Corrigendum for the open offer to acquire up to 14,37,420 fully paid-up equity shares of Kkalpana Plastick Ltd. The offer represents 26.00% of the company's total voting equity capital at an offer price of ₹28.75 per share in cash. The Committee of Independent Directors opined that the offer price of ₹28.75 is fair and reasonable under SEBI SAST Regulations. The offer is scheduled to open and close as detailed in the revised activity schedule.

Open offer to acquire up to 14,37,420 equity shares representing 26.00% of total equity/voting capital
Offer price fixed at ₹28.75 per fully paid-up equity share payable in cash
Committee of Independent Directors (IDC) confirmed offer price of ₹28.75 appears fair and reasonable
SEBI issued final observation letter for the Letter of Offer under Regulation 16(4) of SEBI SAST Regulations

💡 Track the tendering period dates and monitor the total acceptance level during the open offer window, noting that current market price (₹51.8) trades at a premium to the offer price (₹28.75).

Independent Directors Review Open Offer for 26.00% Stake (14.37 Lakh Shares) by Ashish Begwani

🔵 WATCH ⭐ 9/10

M&A 📅 17 Aug 2026, 12:25 PM

The Committee of Independent Directors of Kkalpana Plastick Limited met on August 17, 2026, to review and analyze the open offer made by acquirer Mr. Ashish Begwani. The open offer is for up to 14,37,420 equity shares of face value Rs. 10 each, representing 26.00% of the company's total voting capital under SEBI SAST Regulations. The formal recommendations of the committee will be published in the newspapers following the earlier Detailed Public Statement dated July 14, 2026. The development is material given Kkalpana Plastick's micro-cap size of Rs 27 Cr and nil TTM operational revenue.

Open offer by Mr. Ashish Begwani to acquire up to 14,37,420 equity shares of face value Rs. 10/- each.
The acquisition size represents 26.00% of the total paid-up equity and voting share capital.
Committee of Independent Directors analyzed and reviewed the offer on August 17, 2026.
Recommendations to be published in newspapers following the Detailed Public Statement dated July 14, 2026.

💡 Watch for the published recommendations of the Committee of Independent Directors and the Letter of Offer regarding the open offer price and tendering schedule.

Kkalpana Plastick Ltd Schedules 37th AGM for Sept 23, 2026; Re-appointment of Key Directors

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 14 Aug 2026, 03:21 PM

Kkalpana Plastick has scheduled its 37th Annual General Meeting (AGM) for September 23, 2026, via video conferencing. The agenda includes the re-appointment of Mr. Sajjan Kumar Sharma as Whole-Time Director for a five-year term starting November 1, 2026. Additionally, the company seeks approval for the re-appointment of two Independent Directors for five-year terms. This comes at a time when the company reports zero operational revenue for FY26 and FY25, despite a market capitalization of Rs 27 Cr.

37th AGM scheduled for September 23, 2026, at 12:30 P.M. IST
Record date for determining member eligibility set for September 16, 2026
Proposed 5-year re-appointment of Mr. Sajjan Kumar Sharma as Whole-Time Director
Two Independent Directors, Mrs. Rashi Nagori Mehta and Ms. Shampa Paul, proposed for 5-year second terms
Company reported Rs 0.0 Cr revenue for the TTM period and FY26

💡 Investors should monitor the AGM for any management commentary regarding the resumption of business operations, as the company currently generates no revenue despite its listed status.

Kkalpana Plastick Ltd Reports FY26 Net Profit of ₹0.06 Cr on Zero Revenue

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 14 Aug 2026, 02:41 PM

Kkalpana Plastick Ltd has released its FY 2025-26 Annual Report, confirming a net profit of ₹0.06 crore despite generating zero operational revenue for the year. The company's financial activity is primarily driven by interest income from loans provided to related parties, totaling approximately ₹0.48 crore. Notably, the company has extended loans of ₹6.20 crore to its holding company, Bbigplas Poly Private Limited, which exceeds its reported net worth of ₹6 crore. The 37th Annual General Meeting (AGM) is scheduled for September 23, 2026.

Net Profit for FY26 stood at ₹5.99 lakhs, a decline from ₹8.74 lakhs in FY25
Operational revenue remained at ₹0 for the entire financial year
Loans provided to the holding company, Bbigplas Poly Private Limited, reached ₹6.20 crore as of March 31, 2026
Interest income from related parties amounted to ₹48.26 lakhs during the fiscal year
The 37th AGM is scheduled for September 23, 2026, to re-appoint directors and adopt financial statements

💡 Investors should monitor the AGM on September 23, 2026, for any management commentary regarding the resumption of business operations, as the company currently functions primarily as a lending vehicle for related parties.

Rs 28 Open Offer for 26% Stake in Kkalpana Plastick by Ashish Begwani

🔵 WATCH ⭐ 9/10

M&A 📅 14 Aug 2026, 01:33 PM

Mr. Ashish Begwani has issued a formal Letter of Offer to acquire up to 14,37,420 equity shares, representing 26% of Kkalpana Plastick Ltd, at a price of Rs 28 per share. This offer price is at a significant discount (~46%) to the current market price of Rs 51.8. The transaction triggers a change in control and management of the company, which currently reports zero operational revenue. The tendering period for public shareholders is scheduled from August 21, 2026, to September 4, 2026.

Offer price set at Rs 28 per share, significantly below the current market price of Rs 51.8
Acquisition of up to 14,37,420 shares representing 26.00% of total paid-up equity
Tendering period scheduled to open on August 21, 2026, and close on September 04, 2026
Target company currently has TTM revenue of Rs 0 Cr and a net worth of only Rs 6 Cr
The offer is made pursuant to a change in control and management under SEBI (SAST) Regulations

💡 Investors should evaluate the offer price against the current market price and monitor for any announcements regarding the new acquirer's business plan for the company, given its current non-operational status.

Kkalpana Plastick Ltd Schedules 37th AGM for Sept 23, 2026; Dispatches Annual Report Link

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Aug 2026, 05:51 PM

Kkalpana Plastick Ltd has announced its 37th Annual General Meeting (AGM) scheduled for September 23, 2026, via video conferencing. The company has dispatched letters to shareholders who have not registered their email addresses, providing a web-link to access the Annual Report for FY 2025-2026. This is a procedural filing in compliance with SEBI Regulation 36(1)(b). Despite a market capitalization of Rs 27 Cr, the company reported zero revenue for the trailing twelve months (TTM), making the upcoming annual report critical for understanding its operational status.

37th Annual General Meeting scheduled for September 23, 2026, at 12:30 P.M. IST
Annual Report for FY 2025-2026 to be made available on the company website by August 14, 2026
Shareholder record date (BENPOS) for the dispatch was August 07, 2026
Company currently reports Rs 0 Cr TTM revenue and a net worth of Rs 6 Cr
Promoter holding remains steady at 72.58% as of March 2026

💡 Investors should access the Annual Report via the provided link to review management's discussion on the lack of operational revenue and any future business revival plans.

Kkalpana Plastick sets September 16, 2026 as Record Date for 37th AGM

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Aug 2026, 06:07 PM

Kkalpana Plastick Ltd has announced its 37th Annual General Meeting (AGM) will be held on September 23, 2026, via video conferencing. The company has fixed September 16, 2026, as the record date to determine the eligibility of shareholders for e-voting. The register of members and share transfer books will remain closed from September 17 to September 23, 2026. This is a standard procedural announcement for a company currently reporting zero operational revenue.

37th Annual General Meeting scheduled for September 23, 2026, at 12:30 P.M.
Record date for e-voting entitlement fixed as September 16, 2026
Book closure period set from September 17, 2026, to September 23, 2026
Remote e-voting period starts September 20, 2026 (09:00 AM) and ends September 22, 2026 (05:00 PM)

💡 Investors should review the upcoming AGM notice for any management commentary on business revival, as the company currently reports zero revenue and a high P/E of 471.0.

37th AGM Scheduled for Sept 23, 2026; Record Date Set for Sept 16

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Aug 2026, 06:01 PM

Kkalpana Plastick Ltd has announced its 37th Annual General Meeting (AGM) to be held on September 23, 2026, via video conferencing. The company has fixed September 16, 2026, as the record date (cut-off) to determine shareholder eligibility for e-voting. The Register of Members and Share Transfer Books will be closed from September 17 to September 23, 2026. This is a standard procedural filing for the company, which currently reports zero TTM revenue and a market capitalization of Rs 28 Cr.

37th Annual General Meeting scheduled for September 23, 2026, at 12:30 P.M.
Record date for e-voting eligibility fixed as September 16, 2026.
Book closure period set from September 17, 2026, to September 23, 2026.
Remote e-voting window opens September 20, 2026 (09:00 AM) and closes September 22, 2026 (05:00 PM).

💡 Investors should review the upcoming AGM notice for any special business or updates regarding the company's plan to generate revenue, as TTM revenue currently stands at Rs 0 Cr.

37th AGM Scheduled for Sept 23, 2026; Record Date Set for Sept 16

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 10 Aug 2026, 05:52 PM

Kkalpana Plastick Ltd has announced its 37th Annual General Meeting (AGM) to be held on September 23, 2026, via video conferencing. The company has fixed September 16, 2026, as the record date to determine shareholder eligibility for e-voting. The book closure period is scheduled from September 17 to September 23, 2026. This is a standard procedural filing for the company, which currently has a market capitalization of Rs 28 Cr and reported zero revenue for the TTM period.

37th Annual General Meeting scheduled for September 23, 2026, at 12:30 P.M. IST
Record date for e-voting eligibility fixed as September 16, 2026
Book closure period set from September 17, 2026, to September 23, 2026
Remote e-voting window opens September 20, 2026 (09:00 AM) and closes September 22, 2026 (05:00 PM)

💡 Investors should review the AGM notice for any proposed resolutions regarding business revival, given the company's current zero-revenue status (Rs 0 Cr TTM).

Kkalpana Plastick Reports Rs 7.57 Lacs Net Loss in Q1 FY27; 26% Open Offer Progresses

🔵 WATCH ⭐ 9/10

EARNINGS 📅 05 Aug 2026, 02:15 PM

Kkalpana Plastick reported zero operational revenue for the quarter ended June 30, 2026, continuing its status as a non-operational entity. The company posted a net loss of Rs 7.57 Lacs, a sharp decline from a profit of Rs 0.30 Lacs in the year-ago period, driven by a 100% increase in other expenses to Rs 12.76 Lacs. A critical development is the ongoing Open Offer by Mr. Ashish Begwani to acquire a 26% stake (14,37,420 shares), for which a Committee of Independent Directors has now been formed.

Revenue from operations remained at Rs 0.00 for Q1 FY27, consistent with the previous year.
Net loss of Rs 7.57 Lacs recorded against a profit of Rs 0.30 Lacs in Q1 FY26.
Other expenses doubled to Rs 12.76 Lacs from Rs 6.38 Lacs in the corresponding quarter last year.
Open Offer initiated by Mr. Ashish Begwani to acquire up to 26% of the total paid-up equity capital.
Committee of Independent Directors constituted to provide reasoned recommendations on the Open Offer.

💡 Monitor the upcoming recommendations from the Committee of Independent Directors regarding the Open Offer price and terms. Investors should focus on potential changes in business direction post-acquisition, as the company currently lacks operational revenue.

26% Open Offer Triggered; Q1 Revenue Remains at Zero for Kkalpana Plastick

🔵 WATCH ⭐ 9/10

M&A 📅 05 Aug 2026, 02:01 PM

Kkalpana Plastick reported zero operational revenue for Q1 FY27, continuing its trend of business inactivity. The company posted a net loss of ₹7.57 Lacs for the quarter, primarily due to administrative expenses exceeding its other income of ₹10.49 Lacs. A significant corporate action is underway as the Board formed a committee to evaluate an Open Offer from Mr. Ashish Begwani to acquire 26% of the company's equity. Given the current TTM revenue of ₹0 Cr and a high P/E of 471.0, the stock's valuation is likely tied to this potential change in control.

Revenue from operations remained at ₹0.00 for the quarter ended June 30, 2026
Net loss of ₹7.57 Lacs reported for Q1 FY27 compared to a profit of ₹0.30 Lacs in Q1 FY26
Open offer initiated for 14,37,420 equity shares, representing 26.00% of the total voting capital
Other income of ₹10.49 Lacs was the only source of revenue for the period
Committee of Independent Directors formed to provide recommendations on the Open Offer by Mr. Ashish Begwani

💡 Monitor the Independent Directors' recommendation on the Open Offer and watch for any announcements regarding the acquirer's plans to restart or inject new business into this shell-like entity.

Board Meeting Scheduled for August 5, 2026, to Approve Q1 FY27 Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 27 Jul 2026, 02:19 PM

Kkalpana Plastick Ltd has announced a board meeting on August 5, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. This is a routine regulatory filing under SEBI LODR regulations. The company currently operates with zero TTM revenue and a small market capitalization of ₹24 Cr. The trading window for insiders remains closed from July 1, 2026, until August 7, 2026.

Board meeting scheduled for August 5, 2026, at 12:30 P.M. in Kolkata
Agenda focuses on approving Un-Audited Financial Results for the quarter ended June 30, 2026
Trading window for insiders is closed from July 1, 2026, to August 7, 2026
Company reports TTM revenue of ₹0 Cr and a TTM PAT of ₹0 Cr
Market capitalization stands at ₹24 Cr with a high P/E ratio of 407.0

💡 Investors should monitor the results on August 5 to check for any signs of operational activity or revenue generation, as the company has reported zero revenue in recent quarters.

Rs 28 Open Offer for 26% Stake in Kkalpana Plastick by Ashish Begwani

🔵 WATCH ⭐ 9/10

M&A 📅 21 Jul 2026, 06:59 PM

Mr. Ashish Begwani has submitted a Draft Letter of Offer to acquire up to 14,37,420 shares, representing a 26% stake in Kkalpana Plastick Ltd. The offer price is set at Rs 28 per share, which is a significant discount to the current market price of Rs 36.8. This mandatory open offer follows a Share Purchase Agreement dated July 07, 2026, aimed at a change in control and management. Given the company's current zero-revenue status and small market cap of Rs 20 Cr, this represents a total management transition.

Open offer price of Rs 28 per share for up to 14,37,420 equity shares.
Offer represents 26.00% of the total paid-up equity and voting share capital.
Registered valuer has certified the fair value of equity shares at Rs 12.71 per share.
Tendering period is scheduled to open on August 28, 2026, and close on September 10, 2026.
The acquisition triggers a complete change in control and management of the Target Company.

💡 Investors should monitor the SEBI observation letter for any potential upward revision of the offer price, though the current offer is well below the market price. The primary factor to watch is the new acquirer's plan to revive the company, which currently reports zero revenue.

₹23.00 Open Offer for 26% Stake in Kkalpana Plastick Following Change in Control

🔵 WATCH ⭐ 9/10

M&A 📅 14 Jul 2026, 04:45 PM

An Open Offer has been triggered for Kkalpana Plastick Ltd following a Share Purchase Agreement (SPA) where the Acquirers (Dhirendra Kumar and others) agreed to buy a 61.70% stake from existing promoters. The offer seeks to acquire an additional 26% stake (14,35,780 shares) from public shareholders at ₹23.00 per share, totaling ₹3.30 Cr. The offer price is at a significant discount to the current market price of ₹35.1. The company currently has negligible operations, reporting a total income of only ₹4.44 Lakhs and a net loss of ₹1.18 Lakhs for FY26.

Acquisition of 61.70% stake (34,11,330 shares) via SPA triggered the mandatory open offer.
Open Offer price set at ₹23.00 per share, a ~34% discount to the current market price of ₹35.1.
Total Open Offer size is 14,35,780 shares representing 26% of the voting share capital.
Escrow account established with ₹83.00 Lakhs, covering 25.13% of the total offer consideration.
Target company financials show minimal activity with FY26 total income of ₹4.44 Lakhs and a Net Worth of ₹914.11 Lakhs.

💡 Monitor the transition to new management and any announcements regarding a new business direction, given the current negligible revenue. Tendering in the open offer may not be financially attractive unless the market price falls below ₹23.00.

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