Kkalpana Plastick Ltd has completed a change in control as Mr. Ashish Begwani becomes the new promoter. The company is set to rebrand as Campbell Ventures and has executed a complete overhaul of its board, key management personnel, and auditors. These sweeping corporate changes signal a new strategic direction, requiring investors to monitor the transition phase closely as the incoming management takes full charge.
Kkalpana Plastick Announces Major Promoter Shift and Corporate Overhaul
Total Revenue for Q2 FY27 stood at Rs 0.0997 crore, with a Profit of Rs 0.01 crore.
Reader Takeaway: A complete change in control and leadership marks a transition to new management and a likely business pivot.
What just happened
Kkalpana Plastick Ltd has officially completed its change in control following an open offer by Mr. Ashish Begwani, who now becomes the company's Promoter. Simultaneously, the company has initiated a comprehensive restructuring process. This includes a proposed name change to "Campbell Ventures Limited" or "Campbell Ventures and Hospitality Limited" and a relocation of its registered office to New Town, Kolkata.
Why this matters
The company is witnessing a fundamental transformation in its governance. Effective November 3, 2026, the existing promoter group—Bbigplas Poly Private Limited and Mrs. Sarla Surana—will reclassify to the "Public" category. This shift is accompanied by a wholesale resignation of board members and key management, including the resignation of the Chief Financial Officer. The board has also accepted the resignations of the Statutory and Internal Auditors, citing the change in management control.
Board and Management Reshuffle
New leadership appointments include Ms. Ayesha Begwani as Managing Director and Mr. Ashish Begwani as Non-Executive Non-Independent Director. Several new independent directors have joined, while the company has appointed Mr. Manish Kumar Jain as the new CFO. These changes mark the total exit of the former leadership team and the installation of a new management structure.
Risks to watch
Investors should exercise caution during this transition period. The simultaneous resignation of the entire audit team and the majority of the previous board creates a vacuum of oversight that must be filled by the new management team. Additionally, the strategic shift toward "Hospitality" implied by the new proposed company name suggests a change in business model, the execution of which remains untested.
Context Metrics
In Q2 FY27, the company reported a total revenue of Rs 0.0997 crore compared to Rs 0.1229 crore in the year-ago period. Profit for the same quarter was Rs 0.01 crore, down from Rs 0.0199 crore in Q2 FY26. H1 FY27 results show a loss of Rs 0.0657 crore compared to a profit of Rs 0.0229 crore in H1 FY26.