Tirth Plastic
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Tirth Plastic Limited issued a revised board‑meeting outcome on July 6, 2026, correcting its earlier disclosure of a preferential issue of 45 lakh equity shares. The company clarified that the board had actually approved a preferential issue of up to 45 lakh convertible warrants, and not equity shares. The revision stems from an inadvertent error in the July 4 outcome filing. All other terms of the fundraising proposal remain unchanged, and the warrant issue remains subject to shareholder and regulatory approvals.
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Tirth Plastic Limited issued a revised board‑meeting outcome on July 6, 2026, correcting its earlier disclosure of a preferential issue of 45 lakh equity shares. The company clarified that the board had actually approved a preferential issue of up to 45 lakh convertible warrants, and not equity shares. The revision stems from an inadvertent error in the July 4 outcome filing. All other terms of the fundraising proposal remain unchanged, and the warrant issue remains subject to shareholder and regulatory approvals.
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Tirth Plastic Limited’s board approved a preferential allotment of up to 45 lakh equity shares to non‑promoter investors at a price of ₹28 per share, including a ₹18 premium. The fundraise, if fully subscribed, would bring in about ₹12.6 crore—well in excess of the company’s current market capitalisation of ₹10 crore. The allottees include 42 individuals and entities, with no promoter participation, and the issue is subject to shareholder approval through a postal ballot.
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Tirth Plastic Limited’s board approved a preferential allotment of up to 45 lakh equity shares to non‑promoter investors at a price of ₹28 per share, including a ₹18 premium. The fundraise, if fully subscribed, would bring in about ₹12.6 crore—well in excess of the company’s current market capitalisation of ₹10 crore. The allottees include 42 individuals and entities, with no promoter participation, and the issue is subject to shareholder approval through a postal ballot.
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June 3 (Reuters) - Tirth Plastic Ltd TIRP.BO:
TIRTH PLASTIC - ENTERS MOU WITH KRISHNA PLASTIC TRADERS
Source text: ID:nBSE4ZhTCF
Further company coverage: TIRP.BO
(([email protected];))
June 3 (Reuters) - Tirth Plastic Ltd TIRP.BO:
TIRTH PLASTIC - ENTERS MOU WITH KRISHNA PLASTIC TRADERS
Source text: ID:nBSE4ZhTCF
Further company coverage: TIRP.BO
(([email protected];))
Feb 6 (Reuters) - Tirth Plastic Ltd TIRP.BO:
TIRTH PLASTIC LTD - APPOINTS HET KALPESHKUMAR SHAH AS CHIEF FINANCIAL OFFICER
TIRTH PLASTIC LTD - RESIGNATION OF CFO ABHISHEK SANJAY HAGWANE
Source text: ID:nBSEc2Fvlw
Further company coverage: TIRP.BO
(([email protected];))
Feb 6 (Reuters) - Tirth Plastic Ltd TIRP.BO:
TIRTH PLASTIC LTD - APPOINTS HET KALPESHKUMAR SHAH AS CHIEF FINANCIAL OFFICER
TIRTH PLASTIC LTD - RESIGNATION OF CFO ABHISHEK SANJAY HAGWANE
Source text: ID:nBSEc2Fvlw
Further company coverage: TIRP.BO
(([email protected];))
Feb 5 (Reuters) - Tirth Plastic Ltd TIRP.BO:
TIRTH PLASTIC LTD - APPOINTMENT OF HET KALPESHKUMAR SHAH AS CFO
Source text: ID:nBSEbqZdFK
Further company coverage: TIRP.BO
(([email protected];;))
Feb 5 (Reuters) - Tirth Plastic Ltd TIRP.BO:
TIRTH PLASTIC LTD - APPOINTMENT OF HET KALPESHKUMAR SHAH AS CFO
Source text: ID:nBSEbqZdFK
Further company coverage: TIRP.BO
(([email protected];;))
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What does Tirth Plastic do?
Tirth Plastic Ltd, based in Ahmedabad, Gujarat, is a company engaged in dealing with all kinds of packaging materials and related activities.
Who are the competitors of Tirth Plastic?
Tirth Plastic major competitors are Aadi Industries, Solve Plastic Prod., Ashish Polyplast, MPL Plastics, Kuwer Industries, Padmanabh Alloy&Poly, Union Qlty Plastics. Market Cap of Tirth Plastic is ₹9 Crs. While the median market cap of its peers are ₹8 Crs.
Is Tirth Plastic financially stable compared to its competitors?
Tirth Plastic seems to be less financially stable compared to its competitors. Altman Z score of Tirth Plastic is 2.05 and is ranked 4 out of its 8 competitors.
Does Tirth Plastic pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Tirth Plastic latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Tirth Plastic allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances
How strong is Tirth Plastic balance sheet?
Balance sheet of Tirth Plastic is moderately strong, But short term working capital might become an issue for this company.
Is the profitablity of Tirth Plastic improving?
Yes, profit is increasing. The profit of Tirth Plastic is ₹0.01 Crs for Mar 2025, ₹0 Crs for Mar 2024 and -₹0.02 Crs for Mar 2023
Is the debt of Tirth Plastic increasing or decreasing?
Yes, The net debt of Tirth Plastic is increasing. Latest net debt of Tirth Plastic is -₹0.07 Crs as of Mar-26. This is greater than Mar-25 when it was -₹0.25 Crs.
Is Tirth Plastic stock expensive?
Tirth Plastic is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Tirth Plastic is 24.79, while 3 year average PE is 112. Also latest EV/EBITDA of Tirth Plastic is 19.33 while 3yr average is 8.86.
Has the share price of Tirth Plastic grown faster than its competition?
Tirth Plastic has given better returns compared to its competitors. Tirth Plastic has grown at ~67.59% over the last 1yrs while peers have grown at a median rate of -12.7%
Is the promoter bullish about Tirth Plastic?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Tirth Plastic is 23.53% and last quarter promoter holding is 23.53%.
Are mutual funds buying/selling Tirth Plastic?
There is Insufficient data to gauge this.