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Tokyo Plast International Limited (TOKYOPLAST)

📊 NSE: TOKYOPLAST 🏢 Plastics Products 📅 Last Updated: 12/14/2025 14:26

📢 Recent Corporate Announcements

Tokyo Plast Issues 33rd AGM Notice; Proposes Executive Remuneration of ₹36 Lakh Each

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Sep 2026, 12:14 PM

Tokyo Plast International Limited has issued the notice for its 33rd Annual General Meeting scheduled on September 30, 2026, alongside its FY26 Annual Report. The agenda includes ordinary business along with special resolutions approving annual remuneration of ₹36,00,000 each for Whole-Time Directors Haresh Velji Shah and Priyaj Haresh Shah for a 3-year term (FY27 to FY29), payable even in case of inadequacy of profits. Additionally, shareholders' ratification is sought for ₹41,28,000 remuneration paid to related party Dharmil H. Shah for FY26. Standalone PAT for FY26 stood at ₹1.41 Cr against export earnings of ₹59.01 Cr.

33rd AGM scheduled to be held on September 30, 2026, via Video Conferencing.
Proposed remuneration of ₹36,00,000 p.a. for Haresh Velji Shah (WTD & CFO) from April 1, 2026, to March 31, 2029.
Proposed remuneration increase for Priyaj Haresh Shah (WTD) to ₹36,00,000 p.a. from ₹17,28,000 p.a.
Ratification sought for ₹41,28,000 remuneration paid to related party Dharmil H. Shah for FY26.
Reported FY26 Standalone Profit After Tax of ₹140.98 Lakhs and foreign exchange export inflows of ₹59.01 Cr.

💡 Track shareholder voting results following the AGM on September 30, 2026, particularly regarding promoter executive remuneration resolutions under profit inadequacy provisions.

Tokyo Plast Schedules 33rd AGM for September 30, 2026; Cut-off Date September 23

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Sep 2026, 04:14 PM

Tokyo Plast International Limited has scheduled its 33rd Annual General Meeting (AGM) for Wednesday, September 30, 2026, at 12:30 p.m. IST via Video Conferencing / OAVM. The company has established Wednesday, September 23, 2026, as the record/cut-off date to determine shareholder voting eligibility on the AGM resolutions. This filing represents a routine annual compliance procedure with no immediate operational or financial impact.

33rd Annual General Meeting scheduled for September 30, 2026 at 12:30 p.m. (IST)
AGM to be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
Cut-off date fixed as September 23, 2026 for determining voting eligibility

💡 Shareholders as of September 23, 2026 can track the AGM notice resolutions and subsequent voting outcomes for any strategic or governance updates.

Resignation of Company Secretary Sonal Gandhi effective July 31, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 31 Jul 2026, 10:55 PM

Tokyo Plast International Limited has announced the resignation of Ms. Sonal Gandhi from the position of Company Secretary and Compliance Officer, effective July 31, 2026. The Board of Directors accepted the resignation during a meeting held on the same day between 3:30 p.m. and 4:30 p.m. The resignation is attributed to personal reasons. Given the company's small-cap status with a market capitalization of ₹78 Cr and TTM revenue of ₹79 Cr, this is a routine administrative transition.

Resignation of Ms. Sonal Gandhi effective from the close of business on July 31, 2026
Board meeting to accept the resignation concluded within 1 hour (3:30 p.m. to 4:30 p.m.)
Company reported a TTM PAT of only ₹1 Cr against a revenue of ₹79 Cr
Promoter holding remains stable at 68.89% as of June 2026

💡 Investors should monitor the company's subsequent filing regarding the appointment of a new Company Secretary to ensure continuity in regulatory compliance.

Tokyo Plast Q1 Standalone Net Profit Jumps to ₹0.39 Cr; Revenue Up 9% YoY

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 27 Jul 2026, 04:30 PM

Tokyo Plast International reported a standalone revenue of ₹19.83 Cr for Q1 FY27, a 9% increase from ₹18.21 Cr in the same quarter last year. Standalone net profit saw a significant jump to ₹0.39 Cr from ₹0.10 Cr YoY, aided by a reduction in finance costs from ₹0.65 Cr to ₹0.49 Cr. However, the consolidated performance remains weighed down by its subsidiary, Pinnacle Drinkware, which reported a net loss of ₹0.60 Cr on zero revenue. The company also confirmed the appointment of S R Ranka & Co as internal auditors for the current fiscal year.

Standalone Revenue from operations grew 8.9% YoY to ₹19.83 Cr.
Standalone Net Profit increased nearly 4x to ₹0.39 Cr from ₹0.10 Cr in Q1 FY26.
Subsidiary Pinnacle Drinkware Private Limited reported a net loss of ₹59.84 lakhs for the quarter.
Finance costs reduced by 25% YoY to ₹48.56 lakhs from ₹65.03 lakhs.
Other expenses increased to ₹4.40 Cr from ₹3.25 Cr in the year-ago period.

💡 Investors should monitor the turnaround of the subsidiary Pinnacle Drinkware and the execution of the Marol property sale to further reduce the ₹33 Cr debt and improve liquidity.

Tokyo Plast submits Q1 FY27 SEBI Regulation 74(5) compliance certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jul 2026, 12:29 PM

Tokyo Plast International Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended June 30, 2026. The company's Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited, confirmed that share certificates received for dematerialization were processed and the securities were listed on the stock exchanges. The RTA also confirmed that certificates were mutilated and cancelled after due verification. This is a standard administrative filing required by all listed companies in India.

Compliance certificate issued for the quarter ended June 30, 2026
Confirmation provided by MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
Securities received for dematerialization were listed on the stock exchanges where earlier securities were listed
Register of members updated with depository names within prescribed timelines

💡 This is a routine regulatory filing. Investors should monitor the upcoming Q1 FY27 earnings results for updates on the company's strategy to sell idle property in Mumbai to reduce its Rs 33 Cr debt.

Tokyo Plast to Incorporate Retail Subsidiary with ₹4.99 Lakh Initial Capital

🟡 NEUTRAL ⭐ 4/10

EXPANSION 📅 30 Jun 2026, 04:41 PM

Tokyo Plast International Limited has approved the incorporation of a wholly owned subsidiary, Pinnacle Retail Private Limited, to focus on the retail distribution of its stainless steel and plastic drinkware products. The initial paid-up capital is set at ₹4,99,990, representing a very small fraction of the company's ₹63 Cr net worth. This move aims to create a dedicated, agile distribution channel for the company's 'Pinnacle' brand. While the initial investment is minor, it signals a strategic shift toward direct retail and trading operations.

Initial paid-up capital of ₹4,99,990 consisting of 49,999 equity shares of ₹10 each
100% ownership and control by Tokyo Plast International Limited
Proposed authorized capital of ₹5,00,000 for the new entity
Focus area restricted to trading and retail distribution of stainless steel and plastic products

💡 Monitor future quarterly results to see if this retail-focused subsidiary can improve the company's current operating profit margin of 8.8% through direct-to-consumer or better retail reach.

Tokyo Plast Announces Trading Window Closure from July 1, 2026, for Q1 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Jun 2026, 03:56 PM

Tokyo Plast International Limited has notified the exchanges regarding the closure of its trading window for all designated persons starting July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming Q1 financial results for the period ending June 30, 2026. The window will remain closed until 48 hours after the financial results are officially declared. The specific date for the board meeting to approve these results will be communicated at a later date.

Trading window closure effective from July 1, 2026, for the quarter ending June 30, 2026.
Restriction applies to all Designated Persons and their immediate relatives.
Window to reopen 48 hours after the declaration of Unaudited Financial Results.
Complies with SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 No immediate action is required as this is a routine regulatory filing. Investors should await the announcement of the board meeting date to assess the company's Q1 performance.

Tokyo Plast Reports Multiple Regulatory Lapses and BSE Penalty in FY26 Secretarial Audit

🔴 NEGATIVE ⭐ 6/10

REGULATORY 📅 26 May 2026, 05:05 PM

Tokyo Plast International Limited's Annual Secretarial Compliance Report for FY26 reveals several regulatory violations, including a penalty of ₹14,160 paid to BSE for failing to appoint a Company Secretary within the required three-month window. The audit also flagged significant issues such as promoter shares not being in dematerialized form and the failure to disclose an acquisition of 11,198 shares by a promoter group member. Additionally, the company faced lapses in trading window closures and regional language reporting requirements, indicating potential weaknesses in internal governance.

Fined ₹14,160 by BSE for failing to fill the Company Secretary and Compliance Officer vacancy within 3 months of resignation.
Promoter Haresh V Shah failed to comply with Regulation 31(2) requiring 100% promoter shareholding to be in dematerialized form.
Non-disclosure of 11,198 shares acquired by promoter group member Priti Haresh Shah during the April-June 2025 quarter.
Delayed trading window closure for Q4 FY25, with the stock exchange notified on April 18 instead of April 1.
Failure to publish financial results in the regional language (Gujarati) as mandated by Regulation 47 of SEBI LODR.

💡 Investors should view these multiple compliance failures as a red flag regarding the company's internal controls and corporate governance standards. While the financial impact of the fines is low, recurring lapses in insider trading disclosures and promoter share dematerialization warrant close monitoring.

Tokyo Plast Clarifies Unmodified Audit Opinion for FY26 Financial Results

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 14 May 2026, 05:29 PM

Tokyo Plast International Limited has submitted a formal clarification to the BSE and NSE regarding its financial results for the year ended March 31, 2026. The company explained that a mandatory declaration under Regulation 33(3)(d) was omitted from the original April 29, 2026, filing due to a clerical oversight. Crucially, the company confirmed that its statutory auditors, U B G & Co., issued an unmodified opinion on both standalone and consolidated financial statements. This filing resolves the regulatory discrepancy and confirms the reliability of the previously reported financial data.

Statutory auditors U B G & Co. issued an unmodified opinion for the financial year ended March 31, 2026.
The clarification follows a discrepancy notice received from the BSE on April 30, 2026.
The missing declaration under Regulation 33(3)(d) has now been officially filed with the exchanges.
Management attributed the initial omission to an inadvertent clerical error during document compilation.
The original financial results were timely submitted on April 29, 2026.

💡 This is a procedural regulatory filing that does not change the company's financial standing. Investors can remain confident in the reported FY26 numbers as they have received a clean, unmodified audit opinion.

Tokyo Plast FY26 Net Profit Rises to ₹1.40 Cr; Revenue Up 9.4% YoY with Strong Q4 Recovery

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 29 Apr 2026, 10:47 PM

Tokyo Plast International Limited reported a steady performance for FY26, with annual revenue from operations growing 9.4% to ₹79.31 crore. The company's net profit for the full year reached ₹1.40 crore, up from ₹1.32 crore in the previous fiscal. A standout feature was the strong Q4 performance, where revenue grew 29% sequentially and net profit jumped to ₹53.10 lakhs from just ₹7.54 lakhs in Q3. Additionally, the company demonstrated significantly improved liquidity, with net cash from operating activities rising 75% to ₹10.85 crore.

Annual Revenue from Operations increased to ₹79.31 crore in FY26 from ₹72.47 crore in FY25.
Q4 FY26 Net Profit surged to ₹53.10 lakhs, representing a massive sequential recovery from ₹7.54 lakhs in Q3.
Net cash flow from operating activities improved significantly to ₹10.85 crore compared to ₹6.19 crore last year.
Full-year Earnings Per Share (EPS) rose to ₹1.48 from ₹1.39 in the previous year.
Total Comprehensive Income for the year grew by 38% to ₹1.93 crore, aided by other comprehensive income gains.

💡 Investors should monitor if the strong momentum seen in Q4 can be sustained into the next fiscal year. The significant improvement in operating cash flows is a healthy sign for this small-cap entity.

Tokyo Plast Submits SEBI Reg 74(5) Compliance Certificate for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 14 Apr 2026, 11:21 AM

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.

💡 This is a standard procedural update with no impact on stock fundamentals; investors should monitor upcoming earnings reports for material performance updates.

Tokyo Plast International Announces Trading Window Closure from April 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Mar 2026, 04:31 PM

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.

💡 No action is required as this is a routine regulatory filing. Investors should await the announcement of the board meeting date for the actual financial performance results.

Tokyo Plast Complies with SEBI Regulation 74(5) for Quarter Ended December 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Jan 2026, 04:22 PM

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

💡 No action is required from investors as this is a routine administrative filing confirming regulatory compliance regarding share dematerialization.

Tokyo Plast Issues Corrigendum for Q3 FY26 Results; No Impact on Net Profit

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 14 Jan 2026, 12:58 PM

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 ₹1,714.58 lakhs and a marginal standalone net loss of ₹1.07 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 ₹1,714.40 lakhs compared to ₹2,108.70 lakhs in the preceding quarter.
Standalone Net Profit for the nine-month period ended December 31, 2025, remains at ₹128.24 lakhs.
Consolidated net loss for Q3 FY26 was reported at ₹13.53 lakhs, primarily due to losses in its subsidiary Pinnacle Drinkware Private Limited.
Total standalone expenses for Q3 FY26 were corrected but remained at ₹1,705.19 lakhs.

💡 Investors should acknowledge the correction as a routine administrative update that does not change the company's financial health. The focus should remain on the company's declining quarterly revenue and thin profit margins.

Tokyo Plast Issues Corrigendum for Q3 FY26 Results; No Impact on Net Profit

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 14 Jan 2026, 12:23 PM

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 ₹1,714.40 lakhs and a marginal standalone net loss of ₹1.07 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 ₹1,714.40 lakhs, a decrease from ₹1,905.36 lakhs in the corresponding quarter of the previous year.
Standalone Net Loss for the quarter was ₹1.07 lakhs, compared to a profit of ₹8.12 lakhs in the same period last year.
For the nine-month period ended December 31, 2025, standalone Net Profit reached ₹128.24 lakhs on a revenue of ₹5,643.83 lakhs.
Consolidated Q3 FY26 results showed a net loss of ₹13.53 lakhs, primarily due to losses in the subsidiary Pinnacle Drinkware Private Limited.

💡 Investors should treat this as a routine administrative update as the fundamental financial performance remains unchanged from the initial report. The focus should remain on the company's declining quarterly revenue and the impact of subsidiary losses on consolidated performance.

View All TOKYOPLAST Announcements on Live Market Tracking →

💰 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.