Ddev Plastiks Board Approves Final Dividend, Confirms Auditor Appointments, and Amends Scope for BESS Projects
Ddev Plastiks Industries Limited announced the outcomes of its 1st Board Meeting for 2026-27, held on May 25, 2026. During the meeting, the Board considered and approved several key operational, financial, and statutory matters for the company.The Board took record of the audited financial results for the 4th Quarter and the full Financial Year ended March 31, 2026.
Dividend Recommendation and Shareholder Events
The Board recommended the declaration of a Final Dividend for the Financial Year ended March 31, 2026, at 125% (i.e., Rs. 1.25/- each per fully paid up equity shares of Re. 1/- each). This dividend recommendation is subject to approval by the shareholders at the ensuing Annual General Meeting (AGM).In connection with the dividend, the Board set the following dates:
- Record Date for Dividend: Saturday, September 19, 2026.
- Book Closure Dates: Sunday, September 20, 2026 to Saturday, September 26, 2026.
- AGM Date: The 6th AGM is scheduled for Saturday, September 26, 2026, to be held through Video Conferencing/Other Audio Visual Means.
Professional and Corporate Changes
The company also approved several professional and structural changes:Auditor Appointments:
The Board appointed new auditors for the Financial Year 2026-27:
- Cost Auditor: M/s D. Sabyasachi & Co. (Firm Regn No. 000369)
- Internal Auditor: M/s B. Chakrabarti & Associates (Firm Regn No. 305048E)
- Statutory Auditor: M/s B. Mukherjee & Co. (Firm Regn No. 302096E) was appointed for a further term of 5 years, commencing from the conclusion of the ensuing AGM, subject to shareholder approval.
Memorandum Amendment:
The Board resolved to amend the Objective Clause of the Memorandum of Association. The amendment aims to include activities related to the commencement and operation of Battery Energy Storage System (BESS) projects under the renewable energy sector, along with other allied and ancillary businesses.
Financial Performance Overview
The company released comprehensive financial data for the period ended March 31, 2026, alongside the respective figures for 2025.Financial Results (Rs. in Lacs):
The combined audited and unaudited financials show the company's total revenue from operations increasing to 76,566.28 in the quarter ended March 31, 2026.
| Particulars | Quarter Ended 31.03.26 (Audited) | Quarter Ended 31.03.25 (Audited) | Year Ended 31.03.26 (Audited) | Year Ended 31.03.25 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 76,566.28 | 73,264.25 | 204.787.27 | 260.332.37 |
| Total Income | 77,767.57 | 73,723.30 | 298.142.31 | 262,128.63 |
| Total Expenses | 70,418.98 | 67,027.39 | 270.778.95 | 237,064.23 |
| Profit/(Loss) before tax | 733,850 | 6,695.91 | 27,363.36 | 25,064.30 |
| Profit/(Loss) for the period | 545,172 | 480,420 | 20,181.63 | 18,549.69 |
| Earning per equity share (Basic) | 527 | 64 | 19.50 | 17.93 |
Balance Sheet Summary (Rs in Lacs):
The total assets increased to 144,371.62 as of March 31, 2026, compared to 115,460.29 on March 31, 2025.
| Particulars | As at 31-03-2026 (Audited) | As at 31-03-2025 (Audited) |
|---|---|---|
| TOTAL ASSETS | 144,371.62 | 115,460.29 |
| Total Non-Current Assets | 37,321.00 | 29,383.73 |
| Total Current Assets | 107,050.62 | 86,076.56 |
| TOTAL EQUITY AND LIABILITIES | ||
| Total Equity | 101,330.19 | 83,470.59 |
| Total Liabilities | 43,041.42 | 31,989.70 |
Cash Flow from Operations (Rs. in Lacs):
Net cash from operating activities for the year ended March 31, 2026, was 845,122, compared to 1,371,962 for the corresponding year in 2025.
| Particulars | 31st March, 2026 (Audited) | 31st March, 2025 (Audited) |
|---|---|---|
| Operating profit before Working Capital changes | 4,149.61 | 28,310.04 |
| Net cash from operating activities | 845,122 | 1,371,962 |
| Net cash from investing activities | (5,265.06) | N/A |
| Net cash from financing activities | N/A | N/A |
| Net Increase/Decrease in Cash and Bank balances | N/A | N/A |
The company also announced the recommendation of a total outflow of Rs. 1,293.46 lacs for the final dividend, along with a total outflow towards dividends of Rs. 1,810.84 lacs for the current financial year.
DDEVPLSTIK Stock Price Movement
Today, Ddev Plastiks Industries Limited shares gained slightly, settling at ₹238.00, marking an increase of 0.13% for the day. The stock saw robust trading action, operating on a volume of 332,382 shares after touching a high of ₹245.75.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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