TOKYOPLAST - Tokyo Plast Intl
π’ Recent Corporate Announcements
Tokyo Plast International Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document confirms that for the quarter ended March 31, 2026, all share dematerialization requests were handled according to regulatory timelines. The Registrar and Share Transfer Agent, MUFG Intime India Private Limited, verified that physical certificates were cancelled and records updated. This filing is a routine administrative requirement for listed entities in India.
- Quarterly compliance for the period ending March 31, 2026, successfully completed.
- Confirmation provided by RTA MUFG Intime India Private Limited (formerly Link Intime).
- Verification that dematerialized securities are listed on the relevant stock exchanges.
- Physical share certificates were mutilated and cancelled after due verification.
Tokyo Plast International Limited has announced the closure of its trading window for all designated persons starting April 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming financial results for the quarter and year ending March 31, 2026. The window will remain closed until 48 hours after the financial results are officially declared to the exchanges. This is a standard regulatory procedure to prevent insider trading ahead of sensitive financial disclosures.
- Trading window closure effective from April 1, 2026, for all designated persons.
- Closure pertains to the financial results for the quarter and year ending March 31, 2026.
- Window will reopen 48 hours after the official declaration of financial results.
- The date for the Board Meeting to approve results will be announced separately.
Tokyo Plast International Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Registrar MUFG Intime India Private Limited, confirms that all dematerialization requests for the quarter ended December 31, 2025, were processed within the mandated timelines. It further verifies that physical certificates were mutilated and cancelled, and the names of the depositories were updated in the register of members. This is a standard procedural filing ensuring the integrity of the company's shareholding records.
- Compliance confirmed for the quarter ended December 31, 2025
- Dematerialization requests were accepted or rejected and processed within prescribed timelines
- Physical security certificates were mutilated and cancelled after due verification
- Registrar MUFG Intime India Private Limited (formerly Link Intime) issued the confirmation
- Securities are confirmed to be listed on the stock exchanges where earlier shares are listed
Tokyo Plast International Limited has issued a corrigendum regarding its financial results for the quarter and nine months ended December 31, 2025. The company clarified that an inadvertent clerical error led to the misclassification of certain expense figures in the initial submission. Management has explicitly stated that this correction does not affect the total expenses, profit/loss, or the overall financial position of the company. For Q3 FY26, the company reported a standalone total income of βΉ1,714.58 lakhs and a marginal standalone net loss of βΉ1.07 lakhs.
- Correction of clerical error in expense classification for Q3 and 9M FY26 results with no impact on bottom-line figures.
- Standalone Revenue from Operations for Q3 FY26 stood at βΉ1,714.40 lakhs compared to βΉ2,108.70 lakhs in the preceding quarter.
- Standalone Net Profit for the nine-month period ended December 31, 2025, remains at βΉ128.24 lakhs.
- Consolidated net loss for Q3 FY26 was reported at βΉ13.53 lakhs, primarily due to losses in its subsidiary Pinnacle Drinkware Private Limited.
- Total standalone expenses for Q3 FY26 were corrected but remained at βΉ1,705.19 lakhs.
Tokyo Plast International Limited has issued a corrigendum regarding its financial results for the quarter and nine months ended December 31, 2025. The company clarified that certain expense figures were incorrectly classified in the initial submission due to a clerical error. Management has confirmed that this correction does not impact the total expenses, profit/loss, or the overall financial position of the company. For Q3 FY26, the company reported standalone revenue of βΉ1,714.40 lakhs and a marginal standalone net loss of βΉ1.07 lakhs.
- Clerical error in expense classification corrected for Q3 and 9M FY26 results with no impact on bottom-line figures.
- Standalone Revenue for Q3 FY26 stood at βΉ1,714.40 lakhs, a decrease from βΉ1,905.36 lakhs in the corresponding quarter of the previous year.
- Standalone Net Loss for the quarter was βΉ1.07 lakhs, compared to a profit of βΉ8.12 lakhs in the same period last year.
- For the nine-month period ended December 31, 2025, standalone Net Profit reached βΉ128.24 lakhs on a revenue of βΉ5,643.83 lakhs.
- Consolidated Q3 FY26 results showed a net loss of βΉ13.53 lakhs, primarily due to losses in the subsidiary Pinnacle Drinkware Private Limited.
Tokyo Plast International reported a standalone revenue of βΉ17.14 crore for the quarter ended December 31, 2025, marking a decline from βΉ19.05 crore in the same period last year. The company posted a marginal standalone net loss of βΉ1.07 lakhs for the quarter, down from a profit of βΉ8.12 lakhs year-on-year, largely due to compressed margins and tax expenses. On a consolidated basis, the net loss was wider at βΉ13.53 lakhs for Q3 FY26. Despite the weak quarter, the nine-month standalone net profit improved to βΉ1.28 crore compared to βΉ0.85 crore in the previous year.
- Standalone revenue for Q3 FY26 decreased 10% YoY to βΉ17.14 crore from βΉ19.05 crore.
- Reported a standalone net loss of βΉ1.07 lakhs in Q3 FY26 against a profit of βΉ8.12 lakhs in Q3 FY25.
- Consolidated net loss for the quarter stood at βΉ13.53 lakhs, reflecting losses in subsidiary operations.
- Standalone 9-month net profit showed growth, reaching βΉ1.28 crore vs βΉ0.85 crore in the prior year.
- Total standalone expenses for the quarter were βΉ17.05 crore, with raw material costs accounting for βΉ11.08 crore.
Tokyo Plast International reported a weak set of numbers for Q3 FY26, with standalone revenue declining 10% YoY to βΉ17.14 crore. The company swung to a marginal standalone net loss of βΉ1.07 lakhs for the quarter, compared to a profit of βΉ8.12 lakhs in the same period last year and βΉ69.69 lakhs in the preceding quarter. While the 9-month standalone profit of βΉ1.28 crore remains higher than the previous year's βΉ0.85 crore, the sharp sequential drop in performance is a concern. Consolidated results were further weighed down by a βΉ12.46 lakh loss from its subsidiary, Pinnacle Drinkware Private Limited.
- Standalone Revenue from Operations fell 10% YoY to βΉ1714.40 lakhs from βΉ1905.36 lakhs.
- Standalone Net Profit swung to a loss of βΉ1.07 lakhs from a profit of βΉ8.12 lakhs in Q3 FY25.
- Quarter-on-Quarter (QoQ) revenue declined by 18.7% compared to βΉ2108.70 lakhs in Q2 FY26.
- Subsidiary Pinnacle Drinkware Private Limited reported a net loss of βΉ12.46 lakhs for the quarter.
- Standalone 9-month net profit improved to βΉ128.24 lakhs compared to βΉ84.91 lakhs in the previous year.
Tokyo Plast International Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This move is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations for the quarter ending December 31, 2025. The window will remain closed until 48 hours after the declaration of the company's unaudited financial results. The specific date for the board meeting to approve these results will be communicated separately.
- Trading window closure effective from January 1, 2026.
- Closure is in relation to the unaudited financial results for the quarter ended December 31, 2025.
- Restriction applies to Directors, Promoters, KMPs, and designated employees.
- Trading window will reopen 48 hours after the financial results are declared.
Tokyo Plast International Limited held its Extraordinary General Meeting (EGM) on Wednesday, December 10, 2025, at 12:00 PM via video conferencing. The deemed venue for the EGM was the company's registered office. The company submitted the Scrutinizerβs Report pursuant to Regulation 44 (3) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
- EGM held on December 10, 2025 at 12:00 PM
- Scrutinizerβs Report submitted pursuant to Regulation 44 (3)
- Registered office is Plot No.363/1, (1,2,3), Shree Ganesh Industrial Estate, KachigaumRoad, Daman β 396 210(U.T.)
Tokyo Plast International Limited held its Extraordinary General Meeting (EGM) on Wednesday, December 10, 2025, at 12:00 PM via video conferencing. The deemed venue for the EGM was the company's registered office. The company submitted the Scrutinizerβs Report pursuant to Regulation 44 (3) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
- EGM held on December 10, 2025 at 12:00 PM
- Scrutinizerβs Report submitted pursuant to Regulation 44 (3)
- Registered office is Plot No.363/1, (1,2,3), Shree Ganesh Industrial Estate, KachigaumRoad, Daman β 396 210(U.T.)
Tokyo Plast International Limited convened an Extraordinary General Meeting (EGM) on December 10, 2025, via video conferencing, with 53 shareholders in attendance. The meeting addressed the approval for the sale of the Companyβs immovable property. Mr. Haresh Velji Shah chaired the proceedings after Mr. Velji L. Shah expressed his inability to attend. Members who had not voted electronically were provided an opportunity to vote during the meeting.
- EGM held on December 10, 2025
- EGM was attended by 53 shareholders
- Approval sought for sale of Companyβs immovable property
- Mr. Haresh Velji Shah chaired the meeting
Financial Performance
Revenue Growth by Segment
Total operating income grew 9.5% YoY to INR 72.4 Cr in Fiscal 2025, up from INR 66.1 Cr in Fiscal 2024. Segment-specific growth percentages are not disclosed.
Geographic Revenue Split
Not disclosed in available documents, though the company operates manufacturing facilities in Daman and Kandla, Gujarat.
Profitability Margins
Net profit margin (PAT margin) improved from 1.51% in Fiscal 2024 to 1.83% in Fiscal 2025. Reported PAT grew 30% YoY to INR 1.3 Cr.
EBITDA Margin
Operating margins are monitored for a threshold of 5%; a fall below this level is considered a downward rating factor. Specific EBITDA % for FY25 is not explicitly stated.
Credit Rating & Borrowing
Crisil BB+/Stable for long-term and Crisil A4+ for short-term bank facilities totaling INR 28 Cr. Bank limits were utilized at approximately 85% for the 12 months ending September 2025.
Operational Drivers
Raw Materials
Plastic resins and polymers used for manufacturing plastic thermoware products. Specific cost percentages per material are not disclosed.
Strategic Growth
Expected Growth Rate
9.50%
Growth Strategy
The company is executing a strategy to optimize its asset base by selling idle immovable property in Marol, Mumbai (817.50 sq. meters) to M/s. Afitaplus Ventures LLP. Proceeds will be used to pay off debt, enhance working capital, and reinvest in growth-aligned business areas.
Products & Services
Plastic thermoware products including lunch boxes, ice cooler boxes, and ice jugs.
Brand Portfolio
Pinnacle
New Products/Services
Continuous product development is mentioned as a driver for a diversified portfolio, though specific new launch contribution % is not disclosed.
External Factors
Industry Trends
The household plastic products industry is evolving through continuous product development and geographical diversification. TPIL is positioning itself by leveraging its 40-year promoter experience to maintain supplier and customer relationships.
Competitive Landscape
The company faces a moderate scale of operations (INR 60-80 Cr range) compared to larger industry peers.
Competitive Moat
Durable advantage stems from the four-decade-long experience of promoters in the household plastic products industry and the established 'Pinnacle' brand name.
Regulatory & Governance
Industry Regulations
Compliance with Section 102 of the Companies Act, 2013 and SEBI Listing Obligations & Disclosure Requirements (LODR) for the disposal of substantial company undertakings (property sale).
Risk Analysis
Key Uncertainties
Working capital intensity (221 days GCA) and moderate scale of operations (INR 72.4 Cr revenue) are primary business risks that could impact liquidity if revenue growth stalls.
Geographic Concentration Risk
Manufacturing facilities are concentrated in Daman and Kandla, Gujarat.
Credit & Counterparty Risk
Net cash accruals to adjusted debt stood at 0.17 times for Fiscal 2025, indicating moderate debt protection metrics.