What is the current operational status of MPL Plastics?

The company has zero revenue from operations. Its manufacturing facilities in Silvassa and Pune are completely shut down.

How severe is the company's financial position?

The company has negative reserves exceeding **₹16 crores**, which significantly outweighs its paid-up equity capital. Its market capitalization is currently **₹8 crores**.

Have insolvency proceedings been initiated?

Yes. Shareholders approved a resolution to initiate a corporate insolvency resolution process as early as 2022.

What did the statutory auditors conclude?

The auditors issued a warning regarding material uncertainty about the company's ability to continue as a going concern.

Earnings · Plastic Products · Micro cap

MPL Plastics reports zero revenue as going-concern risks mount

The company posted a net loss of ₹16.99 lakhs for FY26, with manufacturing plants in Silvassa and Pune remaining shuttered.

— 1 earlier story on MPL Plastics Ltd. →

MILTONPLAS 28 May 2026 · 3:21 PM IST Verify on BSE · NSE

Mkt cap₹7.94 cr

ROE13.49%

₹16.99 lakhs Net loss reported for the financial year ended March 31, 2026.

What's new

Auditors flagged material uncertainty regarding the company's ability to continue as a going concern.
Operations at both Silvassa and Pune manufacturing plants remain completely shut down.
Negative reserves now exceed ₹16 crores, far surpassing paid-up equity capital.

Why this matters

The company is effectively a shell with no active operations and a balance sheet deep in the red. With insolvency proceedings already approved by shareholders in 2022, the latest audit confirms the firm is in a state of terminal financial distress.

What we're watching

Updates on the status of the corporate insolvency resolution process.
Any further erosion of the remaining ₹8 crore market capitalization.
Final liquidation or restructuring timelines.

The full read

MPL Plastics ended FY26 with ₹0 in revenue and a net loss of ₹16.99 lakhs. The company's statutory auditors formally flagged material uncertainty regarding its ability to continue as a going concern, citing the total closure of manufacturing plants in Silvassa and Pune. The balance sheet is in a state of severe erosion, with negative reserves exceeding ₹16 crores—a figure that dwarfs the company's ₹8 crore market capitalization. Shareholders voted to initiate a corporate insolvency resolution process back in 2022. This audited report confirms the firm's operational collapse. No path to recovery exists in the current financials. The company is waiting for the insolvency process to conclude.

Questions answered

What is the current operational status of MPL Plastics?: The company has zero revenue from operations. Its manufacturing facilities in Silvassa and Pune are completely shut down.
How severe is the company's financial position?: The company has negative reserves exceeding ₹16 crores, which significantly outweighs its paid-up equity capital. Its market capitalization is currently ₹8 crores.
Have insolvency proceedings been initiated?: Yes. Shareholders approved a resolution to initiate a corporate insolvency resolution process as early as 2022.
What did the statutory auditors conclude?: The auditors issued a warning regarding material uncertainty about the company's ability to continue as a going concern.

Mentioned: Silvassa plant · Pune plant · FY26

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

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28 May 2026 · 3:21 PM IST MPL Plastics reports zero revenue as going-concern risks mount
today MPL Plastics reports zero revenue as operations remain suspended