TPL Plastech Limited — Earnings Release 2026

May 26, 2026

TPL
May 26, 2026

To,

National Stock Exchange of India Ltd.
Exchange Plaza, 5th Floor,
Plot No. C-1, Block G,
Bandra – Kurla Complex,
Bandra (East), Mumbai – 400 051
Symbol: TPLPLASTEH

BSE Limited
1st Floor, New Trading Ring,
Rotunda Building,
P.J. Towers, Dalal Street,
Fort, Mumbai – 400 001
Scrip Code: 526582

Meeting Commencement Time	03:00 p.m.
Meeting Conclusion Time	06:50 p.m.

Dear Sir/Madam,

Sub: Outcome of Board Meeting held on May 26, 2026

Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of TPL Plastech Limited at its meeting held on May 26, 2026, inter-alia, transacted and approved the following businesses:

Financial Results

1. Considered and approved Audited (Consolidated & Standalone) Financial Results for the Quarter and Year ended 31st March, 2026 (Annexure – A).

2. Considered Auditors’ Report (Consolidated & Standalone) dated May 26, 2026, issued by the Statutory Auditors, M/s. Raman S. Shah & Associates, Chartered Accountants, for the Quarter and Year ended 31st March, 2026 (Annexure – B).

3. Declaration in respect of Auditors’ Report with Unmodified Opinion for the Financial Results, for the financial year ended 31st March, 2026 (Annexure – C).

Dividend

1. Recommended final dividend of Rs. 1.30/- (65%) per equity share of Face Value of Rs. 2/- each for the financial year ended 31st March, 2026, subject to the approval of the Shareholders at the ensuing Annual General Meeting.

TPL Plastech Ltd.
Registered Office : 102, 1st Floor, Centre Point, Somnath Daman Road, Somnath, Dabhel, Nani Daman, Daman - 396 210 • CIN : L25209DD1992PLC004656
Corporate Office: 203, Centre Point, J. B. Nagar, Andheri-Kurla Road, Near J. B. Nagar Chakala Metro Station, Andheri East, Mumbai - 400 059. • Tel : 022-6852 4200 • E-mail : info@tplplastech.in • Website : www.tplplastech.in

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TPL

You are requested to take note of the same.

Thanking you,

Yours Faithfully,

For TPL Plastech Limited

Hemant Soni

VP-Legal & Company Secretary & Compliance Officer

TPL Plastech Ltd.

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Annexure - A

TPL PLASTECH LIMITED CIN L25209DD1992PLC004656 Regd. Office:- 102, 1st Floor, Centre Point, Somnath Daman Road, Somnath, Dabhel, Nani Daman (U.T.)-396210 Corporate Office:- 203, Centre Point, J.B. Nagar, Andheri Kurla Road, Andheri East, Mumbai-400059 Tel: 022-6852 4200 Email: Info@tnpl.net.in Website: www.tplplastech.in
STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2026 (Rs. In Lakhs)
	Particulars	QUARTER ENDED			YEAR ENDED
		31.03.2026	31.12.2025	31.03.2025	31.03.2026	31.03.2025
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
1	INCOME
(a)	Revenue from Operations (Net of Taxes)	11,406.81	11,122.21	9,218.32	42,255.33	34,933.51
(b)	Other Income	5.57	1.80	1.80	10.97	6.60
	Total Income	11,412.39	11,124.01	9,220.12	42,266.31	34,940.11
2	EXPENDITURE
(a)	Cost of Materials Consumed	9,428.94	8,675.59	7,343.05	34,022.93	27,918.88
(b)	Changes in Inventories of Finished Goods & Work In Progress	(247.36)	226.94	(59.39)	(155.43)	(146.76)
(c)	Employee Benefits Expenses	275.80	259.38	204.15	1,071.83	904.71
(d)	Finance Costs	124.38	128.86	146.22	515.00	503.75
(e)	Depreciation and Amortization	155.92	154.00	134.03	593.30	548.92
(f)	Other Expenses	662.01	608.34	597.82	2,488.37	2,198.56
	Total Expenditure	10,399.69	10,053.10	8,365.88	38,536.00	31,928.06
3	Profit Before Tax (1-2)	1,012.70	1,070.91	854.24	3,730.31	3,012.05
4	Tax Expenses	207.21	201.59	171.51	823.24	652.76
5	Profit after tax for the period (3-4)	805.49	869.32	682.73	2,907.07	2,359.29
6	Other Comprehensive Income (Net of Tax)
	Items that will not be reclassified to Profit and Loss	2.43	-	(9.98)	2.43	(9.98)
	Other Comprehensive Income / (expenses)	2.43	-	(9.98)	2.43	(9.98)
7	Total Comprehensive Income for the Period (5+6)	807.92	869.32	672.75	2,909.49	2,349.31
8	Paid-up equity share capital (Face Value Rs. 2 each)	1,560.06	1,560.06	1,560.06	1,560.06	1,560.06
9	Basic and Diluted Earning Per Share (Face Value of Rs. 2 each fully paid-up)	1.03	1.11	0.88	3.73	3.02

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TPL

TPL PLASTECH LIMITED

CIN L25209DD1992PLC004656

Regd. Office:- 102, 1st Floor, Centre Point, Somnath Daman Road, Somnath, Dabhel, Nani Daman (U.T.)-396210

Corporate Office:- 203, Centre Point, J.B. Nagar, Andheri Kurla Road, Andheri East, Mumbai-400059

Tel: 022-6852 4200 Email: Info@tnpl.net.in Website: www.tplplastech.in

STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2026

(Rs. In Lakhs)

	Particulars	QUARTER ENDED			YEAR ENDED
		31.03.2026	31.12.2025	31.03.2025	31.03.2026	31.03.2025
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
1	INCOME
(a)	Revenue from Operations (Net of Taxes)	11,406.81	11,122.21	9,218.32	42,255.33	34,933.51
(b)	Other Income	5.57	1.80	1.80	10.97	6.60
	Total Income	11,412.39	11,124.01	9,220.12	42,266.31	34,940.11
2	EXPENDITURE
(a)	Cost of Materials Consumed	9,428.94	8,675.59	7,343.05	34,022.93	27,918.88
(b)	Changes in Inventories of Finished Goods & Work In Progress	(247.36)	226.94	(59.39)	(155.43)	(146.76)
(c)	Employee Benefits Expenses	275.80	259.38	204.15	1,071.83	904.71
(d)	Finance Costs	124.38	128.86	146.22	515.00	503.75
(e)	Depreciation and Amortization	155.92	154.00	134.03	593.30	548.92
(f)	Other Expenses	661.86	608.31	597.58	2,488.20	2,198.06
	Total Expenditure	10,399.54	10,053.07	8,365.64	38,535.83	31,927.56
3	Profit Before Tax (1-2)	1,012.85	1,070.93	854.48	3,730.48	3,012.55
4	Tax Expenses	207.21	201.59	171.51	823.24	652.76
5	Profit after tax for the period (3-4)	805.64	869.34	682.97	2,907.24	2,359.79
6	Other Comprehensive Income (Net of Tax)
	Items that will not be reclassified to Profit and Loss	2.43	-	(9.98)	2.43	(9.98)
	Other Comprehensive Income / (expenses)	2.43	-	(9.98)	2.43	(9.98)
7	Total Comprehensive Income for the Period (5+6)	808.07	869.34	672.99	2,909.66	2,349.81
8	Paid-up equity share capital (Face Value Rs. 2 each)	1,560.06	1,560.06	1,560.06	1,560.06	1,560.06
9	Basic and Diluted Earning Per Share	1.03	1.11	0.88	3.73	3.03
	(Face Value of Rs. 2 each fully paid-up)

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TPL

TPL PLASTECH LIMITED

CIN L25209DD1992PLC004656

Regd. Office:- 102, 1st Floor, Centre Point, Somnath Daman Road, Somnath, Dabhel, Nani Daman (U.T.)-396210

Corporate Office:- 203, Centre Point, J.B. Nagar, Andheri Kurla Road, Andheri East, Mumbai-400059

Tel: 022-6852 4200 Email: Info@tnpl.net.in Website: www.tplplastech.in

Statement of Assets and Liabilities as at 31st March, 2026

	STANDALONE		(Rs. In Lakhs)
	As at 31.03.2026	As at 31.03.2025	As at 31.03.2026	As at 31.03.2025
Particulars	(Audited)	(Audited)	(Audited)	(Audited)
ASSETS
Non-Current Assets
(a) Property, Plant & Equipment	8,806.14	9,029.34	8,806.14	9,029.34
(b) Capital Work-In-Progress	561.30	309.68	561.30	309.68
(c) Right of Use-Assets	171.58	246.72	171.58	246.72
(d) Financial Assets
(i) Investment	117.00	38.60	112.00	33.60
(ii) Deposit & Others financial assets	145.64	83.44	145.64	83.44
(e) Other Non Current Assets	134.57	140.87	134.57	140.87
Total Non Current Assets	9,936.22	9,848.64	9,931.22	9,843.64
Current Assets
(a) Inventories	6,826.72	6,192.76	6,826.72	6,192.76
(b) Financial Assets
(i) Trade Receivables	6,260.20	5,956.65	6,260.20	5,956.65
(ii) Cash and Cash Equivalents	6.53	8.88	10.96	13.55
(iii) Other Bank Balances	564.91	534.59	564.91	534.59
(c) Other Current Assets	1,297.19	1,283.59	1,297.19	1,283.59
Total Current Assets	14,955.54	13,976.47	14,959.98	13,981.14
Assets Classified as Held for Sale	710.48	710.48	710.48	710.48
Total Assets	25,602.24	24,535.59	25,601.68	24,535.26
Equity and Liabilities
Equity
(a) Equity Share Capital	1,560.06	1,560.06	1,560.06	1,560.06
(b) Other Equity	15,330.34	13,200.71	15,329.62	13,200.16
Total Equity	16,890.40	14,760.77	16,889.68	14,760.22
Liabilities
Non-Current Liabilities
(a) Financial Liabilities
(i) Borrowings	137.18	487.18	137.18	487.18
(ii) Lease Liabilities	128.43	218.25	128.43	218.25
(b) Deferred Tax Liabilities (Net)	900.52	881.87	900.52	881.87
Total Non Current Liabilities	1,166.13	1,587.30	1,166.13	1,587.30
Current Liabilities
(a) Financial Liabilities
(i) Borrowings	1,626.30	3,869.16	1,626.30	3,869.16
(ii) Trade Payables:-
Total Outstanding Dues of Micro and small enterprises	149.26	142.02	149.26	142.02
Total Outstanding Dues of Creditors other than Micro and small enterprises	5,098.31	3,561.52	5,098.47	3,561.64
(iii) Other Financial Liabilities	437.67	428.87	437.67	428.97
(b) Other Current Liabilities	88.37	42.92	88.37	42.92
(c) Provisions	31.09	41.36	31.09	41.36
(d) Current Tax Liabilities (Net)	114.70	101.67	114.70	101.67
Total Current Liabilities	7,545.71	8,187.52	7,545.86	8,187.74
Total Equity and Liabilities	25,602.24	24,535.59	25,601.68	24,535.26

P

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Notes

1. The above results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on 26th May, 2026.

2. The Company's operations fall under single segment namely Industrial Packaging in accordance with Indian Accounting Standard IND AS 108.

3. The Board of Directors have recommended a dividend of Rs. 1.30/- Per Share (65% of the face value of Rs. 2/- each equity share) for the financial year 2025-26. The payment of dividend is subject to approval of shareholders in the annual general meeting of the Company.

4. The Government of India has consolidated 29 existing labour legislations into a united framework comprising four Labour Code viz Code on wages 2019, Code on Social Security 2020, Industrial Relation Code 2020 and Occupational Safety, Health and Working Condition Code 2020 (collectively referred to as the New Labour Codes). These Codes have been made effective from 21st November, 2025. The company has estimated and accounted for incremental liability which is not material to the financial results. The Company will re-evaluate the impact of these Labour Codes upon notification of the rules, corresponding State level regulations and further clarification/guidance in this matter.

5. The figures for the corresponding period have been regrouped and reclassified wherever necessary to make them comparable with the figures for the current period.

6. The figures of last quarter of Current and previous year are the balancing figures between the audited figures in respect of full financial year and the published unaudited year to date figures of nine months of respective year.

For TPL Plastech Limited

Mahinder Kumar Wadhwa
Chairman
DIN: 00064148

Place: Mumbai
Dated: 26th May, 2026

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TPL PLASTECH LIMITED
Statement of Cash Flow for the Year Ended 31st March, 2026
		(Rs. In Lakhs)
	PARTICULARS	Standalone		Consolidated
		For the Year Ended		For the Year Ended
		31st March 2026	31st March, 2025	31st March 2026	31st March, 2025
A.	CASH FLOW FROM OPERATING ACTIVITIES :
	Net Profit before tax and extra ordinary items	3,732.91	3,002.57	3,732.74	3,002.07
	Adjusted for:
	Depreciation	593.30	548.92	593.30	548.92
	Interest	515.00	503.75	515.00	503.75
	(Profit) / Loss on sale of property, plant & equipment (net)	(3.62)	-	(3.62)	-
	Operating Profit /(Loss) before Working Capital Changes	4,837.59	4,055.24	4,837.42	4,054.74
	Adjusted for:
	Trade and other Receivables	(403.37)	(660.40)	(403.37)	(660.40)
	Inventories	(633.96)	775.17	(633.96)	775.17
	Trade Payables	1,575.32	(1,857.78)	1,575.26	(1,857.61)
	Cash generated from operations	5,375.58	2,312.24	5,375.35	2,311.91
	Income Tax Paid	(792.23)	(679.82)	(792.23)	(679.82)
	Net cash from operating activities	4,583.34	1,632.41	4,583.11	1,632.08
B.	CASH FLOW FROM INVESTING ACTIVITIES:
	Purchase of property, plant & equipment (including capital advances)	(939.95)	(2,433.50)	(939.95)	(2,433.50)
	Sale of property, plant & equipment	397.00	221.91	397.00	221.91
	Equity Investment in Enerparc Solar Power 9 Pvt Ltd	(78.40)	(33.60)	(78.40)	(33.60)
	Net Cash used in investing activities	(621.35)	(2,245.19)	(621.35)	(2,245.19)
C.	CASH FLOW FROM FINANCING ACTIVITIES :
	Interest Paid	(515.00)	(503.75)	(515.00)	(503.75)
	Proceeds / (Repayments) of Borrowings ( net )	(2,592.86)	1,840.76	(2,592.86)	1,840.76
	Payment of Lease Liabilities	(76.45)	(100.66)	(76.45)	(100.66)
	Dividend Paid	(780.03)	(624.02)	(780.03)	(624.02)
	Net Cash used in financing activities	(3,964.35)	612.32	(3,964.35)	612.32
	Net increase / (decrease) in Cash and Cash Equivalents (A+B+C)	(2.35)	(0.46)	(2.58)	(0.79)
	Cash and Cash Equivalents at the beginning of the year	8.88	9.34	13.55	14.34
	Cash and Cash Equivalents at the end of the year	6.53	8.88	10.96	13.55

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Annexure - B

RAMAN S. SHAH & ASSOCIATES
CHARTERED ACCOUNTANTS

CA Raman S. Shah, B.Com ,F.C.A.
CA Santosh A. Sankhe, B.Com ,F.C.A.
CA Bharat C. Bhandari,B.Com ,F.C.A.

Independent Auditors Report on annual consolidated Financial Results of TPL Plastech Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To

The Board of Directors of
TPL Plastech Limited

Report on the Audit of the Consolidated Financial Results

Opinion

We have audited the accompanying Statement of Consolidated Financial Results of TPL Plastech Limited ("the Holding Company") and its subsidiaries (holding company and its subsidiaries together referred to as "the Group") for the quarter and year ended 31 March 2026 ("the Statement"), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate financial statements / financial information of the subsidiaries, (refer to other matter paras), the Statement:

1. includes the results of the following entities:
   a) Prokube Containers Private Limited.

2. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

3. give a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the consolidated net profit and consolidated total other comprehensive income and other financial information of the Group for quarter and year ended 31 March 2026.

Head Office :- Sam Plaza, 'A' Wing, Ind Floor, H.K. Irani Road, Dahanu Road (W) 401602
Branch Office:-
1) A-102, Ist Floor, Inder Darshan Building, Jamli Gali, Borivali (W), Mumbai (W), 400092
2) 118-121, Ist Floor, "Harmony Plaza", Tarapur Road, Boisar, 401501

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RAMAN S. SHAH & ASSOCIATES CHARTERED ACCOUNTANTS

CA Raman S. Shah, B.Com ,F.C.A.
CA Santosh A. Sankhe, B.Com ,F.C.A.
CA Bharat C. Bhandari,B.Com ,F.C.A.

CA INDIA

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under Section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the consolidated financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and the audit evidence obtained by the other auditors in terms of their reports referred to in "Other Matters" paragraph below, is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Consolidated Financial Results

These consolidated financial results have been prepared on the basis of the consolidated annual financial statements.

The Holding Company's Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations.

The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring accuracy and completeness of accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the consolidated financial results, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board

Head Office :- Sam Plaza,'A' Wing,Ind Floor,H.K.Irani Road,Dahanu Road (W) 401602 Branch Office:-
1)A-102,Ist Floor,Inder Darshan Building,Jamli Gali,Borivali(W),Mumbai(W),400092
2)118-121,Ist Floor,"Harmony Plaza",Tarapur Road,Boisar,401501

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RAMAN S. SHAH & ASSOCIATES CHARTERED ACCOUNTANTS

CA Raman S. Shah, B.Com ,F.C.A.
CA Santosh A. Sankhe, B.Com ,F.C.A.
CA Bharat C. Bhandari,B.Com ,F.C.A.

CA INDIA

of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of consolidated financial statements on whether the Group has adequate internal financial controls with reference to consolidated financial statements in place and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the respective Board of Directors.
• Conclude on the appropriateness of the respective Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we

Head Office :- Sam Plaza,'A' Wing,Ind Floor,H.K.Irani Road,Dahanu Road (W) 401602 Branch Office:-

1)A-102,Ist Floor,Inder Darshan Building,Jamli Gali,Borivali(W),Mumbai(W),400092

2)118-121,Ist Floor,"Harmony Plaza",Tarapur Road,Boisar,401501

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RAMAN S. SHAH & ASSOCIATES CHARTERED ACCOUNTANTS

CA Raman S. Shah, B.Com ,F.C.A.
CA Santosh A. Sankhe, B.Com ,F.C.A.
CA Bharat C. Bhandari,B.Com ,F.C.A.

CA INDIA

conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the financial results / financial information of the entities within the Group to express an opinion on the consolidated financial results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated financial results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

Materiality is the magnitude of misstatements in the consolidated financial results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the consolidated financial statements may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the consolidated financial statements.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(g) of the Listing Regulations, as amended, to the extent applicable.

Head Office :- Sam Plaza,'A' Wing,IInd Floor,H.K.Irani Road,Dahanu Road (W) 401602 Branch Office:-

1)A-102,Ist Floor,Inder Darshan Building,Jamli Gali,Borivali(W),Mumbai(W),400092

2)118-121,Ist Floor,"Harmony Plaza",Tarapur Road,Boisar,401501

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RAMAN S. SHAH & ASSOCIATES CHARTERED ACCOUNTANTS

CA Raman S. Shah, B.Com, F.C.A.
CA Santosh A. Sankhe, B.Com, F.C.A.
CA Bharat C. Bhandari, B.Com, F.C.A.

CA INDIA

Other Matter

The consolidated financial results include the audited financial results of Prokube Containers Private Limited subsidiary whose financial statements reflect Group's share of total assets of Rs.4.44 Lakhs as at 31 March 2026, Group's share of total revenue from operations of Rs. NIL and Rs. NIL and Group's share of total net profit/(loss) after tax of (Rs.0.17 Lakhs) and (Rs.0.17 Lakhs) for the quarter and year ended 31 March 2026 respectively, and net cash flows amounting to Rs. NIL for the year ended 31 March 2026, as considered in the consolidated financial results, which have been audited by their respective independent auditors. These audited financial statements have been furnished to us by the board of directors and our opinion on the audited consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on such audited annual financial statement.

In our opinion, and according to the information and explanations given to us by the Board of Directors, this annual financial statement is not material to the Group.

Our opinion on the audited consolidated annual financial results is not modified in respect of the above matter with respect to our reliance on the work done and the report of the other auditor.

For RAMAN S. SHAH & ASSOCIATES CHARTERED ACCOUNTANTS

Firm Registration No.: 119891W

BHARATKUMAR Digitally signed by
BHARATKUMAR CHHIBUBHAI

CHHIBUBHAI BHANDARI
Date: 2026.05.26 20:06:32
+05'30'

CA BHARAT C. BHANDARI

Partner

Membership No :- 106122

Place : Mumbai

Date: 26th May,2026

UDIN:- 26106122NMYOET9814

Head Office :- Sam Plaza, 'A' Wing, Ind Floor, H.K. Irani Road, Dahanu Road (W) 401602 Branch Office:-

1) A-102, Ist Floor, Inder Darshan Building, Jamli Gali, Borivali (W), Mumbai (W), 400092

2) 118-121, Ist Floor, "Harmony Plaza", Tarapur Road, Boisar, 401501

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RAMAN S. SHAH & ASSOCIATES CHARTERED ACCOUNTANTS

CA Raman S. Shah, B.Com ,F.C.A.
CA Santosh A. Sankhe, B.Com ,F.C.A.
CA Bharat C. Bhandari,B.Com ,F.C.A.

CA INDIA

Independent Auditors Report on annual financial results of TPL Plastech Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To

The Board of Directors of

TPL Plastech Limited

Report on the Audit of the Standalone Financial Results

Opinion

We have audited the accompanying standalone financial results of TPL Plastech Limited (the "Company") for the quarter and year ended 31 March 2026, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, these standalone financial results:

1. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
2. give a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS) and other accounting principles generally accepted in India of the net profit and total other comprehensive income and other financial information of the Company for quarter and year ended 31 March 2026.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Head Office :- Sam Plaza,'A' Wing,IInd Floor,H.K.Irani Road,Dahanu Road (W) 401602 Branch Office:-

1)A-102,Ist Floor,Inder Darshan Building,Jamli Gali,Borivali(W),Mumbai(W),400092

2)118-121,Ist Floor,"Harmony Plaza",Tarapur Road,Boisar,401501

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RAMAN S. SHAH & ASSOCIATES CHARTERED ACCOUNTANTS

CA Raman S. Shah, B.Com ,F.C.A.
CA Santosh A. Sankhe, B.Com ,F.C.A.
CA Bharat C. Bhandari,B.Com ,F.C.A.

CA INDIA

Management's Responsibilities for the Standalone Financial Results

These standalone financial results have been prepared on the basis of the standalone annual financial statements.

The Company's Board of Directors are responsible for the preparation and presentation of these standalone financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations.

This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial results, the Management and the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Management and the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.

Head Office :- Sam Plaza,'A' Wing,IInd Floor,H.K.Irani Road,Dahanu Road (W) 401602 Branch Office:-

1)A-102,Ist Floor,Inder Darshan Building,Jamli Gali,Borivali(W),Mumbai(W),400092

2)118-121,Ist Floor,"Harmony Plaza",Tarapur Road,Boisar,401501

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RAMAN S. SHAH & ASSOCIATES CHARTERED ACCOUNTANTS

CA Raman S. Shah, B.Com ,F.C.A.
CA Santosh A. Sankhe, B.Com ,F.C.A.
CA Bharat C. Bhandari,B.Com ,F.C.A.

CA INDIA

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.

• Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the standalone financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the standalone financial results of the Company to express an opinion on the financial results.

Head Office :- Sam Plaza,'A' Wing,Ind Floor,H.K.Irani Road,Dahanu Road (W) 401602 Branch Office:-

1)A-102,Ist Floor,Inder Darshan Building,Jamli Gali,Borivali(W),Mumbai(W),400092

2)118-121,Ist Floor,"Harmony Plaza",Tarapur Road,Boisar,401501

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RAMAN S. SHAH & ASSOCIATES CHARTERED ACCOUNTANTS

CA Raman S. Shah, B.Com, F.C.A.
CA Santosh A. Sankhe, B.Com, F.C.A.
CA Bharat C. Bhandari, B.Com, F.C.A.

Materiality is the magnitude of misstatements in the standalone financial results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the standalone financial statements may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the standalone financial statements.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matter

The Statement includes the results for the quarters ended 31 March 2026 and 31 March 2025, which are the balancing figures between the audited figures for the respective full financial years and the published year-to-date audited figures up to the third quarter of the respective financial years.

For RAMAN S. SHAH & ASSOCIATES CHARTERED ACCOUNTANTS

Firm Registration No.: 119891W

BHARATKUMA Digitally signed by
BHARATKUMAR

R CHHIBUBHAI CHHIBUBHAI BHANDARI
Date: 2026.05.26
16:30:29 +05'30'

CA BHARAT C. BHANDARI
Partner
Membership No :- 106122
Place : Mumbai
Date : 26th May,2026
UDIN:- 26106122XKZMIN6406

Head Office :- Sam Plaza, 'A' Wing, IInd Floor, H.K. Irani Road, Dahanu Road (W) 401602 Branch Office:-
1) A-102, Ist Floor, Inder Darshan Building, Jamli Gali, Borivali (W), Mumbai (W), 400092
2) 118-121, Ist Floor, "Harmony Plaza", Tarapur Road, Boisar, 401501

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TPL

Annexure - C

May 26, 2026

To,

National Stock Exchange of India Ltd.
Exchange Plaza, 5th Floor,
Plot No. C-1, Block G,
Bandra – Kurla Complex,
Bandra (East), Mumbai – 400 051
Symbol: TPLPLASTEH

BSE Limited
1st Floor, New Trading Ring,
Rotunda Building,
P.J. Towers, Dalal Street,
Fort, Mumbai – 400 001
Scrip Code: 526582

Dear Sir/Madam,

Sub: Audit Report with Unmodified Opinion

Ref: Declaration pursuant to Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015

We hereby confirm that:

Pursuant to provisions of Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, Auditors’ Report on (Consolidated & Standalone) Audited Financial Results of the Company for the Quarter and Financial Year ended 31st March, 2026 issued by the Statutory Auditors of Company is with unmodified opinion.

This is for your information and records please.

Thanking you,

Yours faithfully,

For TPL Plastech Limited

TPL Plastech Ltd.

Registered Office : 102, 1st Floor, Centre Point, Somnath Daman Road, Somnath, Dabhel, Nani Daman, Daman - 396 210 • CIN : L25209DD1992PLC004656

Corporate Office: 203, Centre Point, J. B. Nagar, Andheri-Kurla Road, Near J. B. Nagar Chakala Metro Station, Andheri East. Mumbai - 400 059. • Tel : 022-6852 4200 • E-mail : info@tplplastech.in • Website : www.tplplastech.in