Tirth Plastic Revenue Jumps to Rs 957.85 Lakh

Revenue for FY 2025-26 stood at Rs 957.85 lakh compared to nil in the prior year, with a net profit of Rs 37.97 lakh.

Reader Takeaway: Revenue recovery is a positive sign, but persistent governance lapses and regulatory fines remain key pressure points.

What just happened

Tirth Plastic Ltd has released its financial results for the fiscal year ended March 31, 2026, showing a return to revenue generation. The company reported a net profit of Rs 37.97 lakh, up from Rs 1.32 lakh in the previous year. Basic Earnings Per Share (EPS) rose to Rs 0.85 from Rs 0.03.

Why this matters

The jump in operations indicates a shift in business activity. However, the report is accompanied by significant governance observations. The BSE imposed a fine of Rs 1,06,200 for failing to appoint a Company Secretary for two consecutive quarters, and the company failed to dematerialize its entire promoter shareholding. Additionally, an application for a preferential issue of shares was rejected due to missing documentation.

Management and Board Updates

The board saw a reshuffle on February 5, 2026, with the appointment of Ms. Nidhi Bharatbhai Gandhi as an Additional Independent Director. Simultaneously, CFO Mr. Abhishek Hagwane resigned, with Mr. Het Shah stepping into the role.

Risks to watch

Auditors have raised an 'Emphasis of Matter' regarding the company's failure to provide for employee gratuity, violating Indian Accounting Standard-19. Investors should remain cautious about the company’s ability to resolve these regulatory hurdles and improve internal compliance standards.

What to track next

Watch for updates on how the company plans to address the gratuity provisioning and ensure strict adherence to BSE filing requirements to avoid further penalties.