Established in 1972 as a partnership firm, MPL Plastics Ltd (formerly known as Milton Plastics Ltd) underwent conversion into a Public Limited Company on May 1st, 1992. Situated in Silvassa, the company specializes in jobwork/processing work of plastic and thermoware products. Presently, all operations have ceased due to various factors, significantly impacting the company's functioning.
The company manufactures a diverse range of products including plastic household items, insulated thermoware, vacuum flasks, blossomates, automobile industry components, engineering products made from plastics, and the Funny Bunny baby care product line comprising approximately 36 items. Additionally, the product range encompasses chinaware and glassware, all marketed under the Milton brand name.
Pioneering the Thermoware segment in India, the company developed its technology and technical expertise. In 1995, it formed a joint venture with Hong Kong-based Electricals and Electronics (EEL) to introduce domestic appliances such as sandwich toasters, hand mixers, and hair dryers.
In 1999, the company expanded its product portfolio with the introduction of six new ranges, including Microwavable Containers, Non-stick ware, Water Purification Systems, Soft Thermoware Products, Pet Bottles/Jars, and Glass-Based Tea and Dinnerware.
The Board of Directors recently decided to discontinue certain non-core activities, specifically polymers trading and lease/finance operations.
Furthermore, the company conducted a preferential issue of 32,50,000 shares to Sweet Solutions Limited, a business associate of the promoters. This resulted in a 26% increase in the promoters' stake compared to NIL % in the previous year. Subsequently, in 2001-02, due to the complete erosion of the company's net worth, it sought intervention from the Board for Industrial and Financial Reconstruction (BIFR).
The company manufactures a diverse range of products including plastic household items, insulated thermoware, vacuum flasks, blossomates, automobile industry components, engineering products made from plastics, and the Funny Bunny baby care product line comprising approximately 36 items. Additionally, the product range encompasses chinaware and glassware, all marketed under the Milton brand name.
Pioneering the Thermoware segment in India, the company developed its technology and technical expertise. In 1995, it formed a joint venture with Hong Kong-based Electricals and Electronics (EEL) to introduce domestic appliances such as sandwich toasters, hand mixers, and hair dryers.
In 1999, the company expanded its product portfolio with the introduction of six new ranges, including Microwavable Containers, Non-stick ware, Water Purification Systems, Soft Thermoware Products, Pet Bottles/Jars, and Glass-Based Tea and Dinnerware.
The Board of Directors recently decided to discontinue certain non-core activities, specifically polymers trading and lease/finance operations.
Furthermore, the company conducted a preferential issue of 32,50,000 shares to Sweet Solutions Limited, a business associate of the promoters. This resulted in a 26% increase in the promoters' stake compared to NIL % in the previous year. Subsequently, in 2001-02, due to the complete erosion of the company's net worth, it sought intervention from the Board for Industrial and Financial Reconstruction (BIFR).
