Key Decisions and Approvals
1. Financial Results Approval
The Board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors, M/s Ashok Dhariwal & Co. (FRN: 100648W), issued audit reports with unmodified opinions on both standalone and consolidated financial results.
2. Internal Auditor Appointment
Appointed M/s S.A. Gadhia & Company, Chartered Accountants, Gandhidham as Internal Auditors for the financial year 2026-27 effective April 1, 2026. The appointment was recommended by the Audit Committee in their meeting held earlier on the same day.
Profile of Internal Auditor: S.A. Gadhia & Company is a reputed firm based in Gandhidham, Kutch. A. Sajid Gadhia is a practicing Chartered Accountant with 25+ years of specialization in GST and indirect taxation, covering implementation, compliance, litigation, and strategic tax planning.
3. Policy Adoptions
The Board adopted the following policies pursuant to the Companies Act, 2013 and SEBI LODR Regulations:
- Corporate Social Responsibility (CSR) Policy
- Policy for determination of Materiality of events
- Policy on Related Party Transactions
- Whistle Blower Policy
4. Key Managerial Personnel Authorization
Authorized the following Key Managerial Personnel for determining materiality of events and making disclosures to stock exchanges under Regulation 30(5) of SEBI Listing Regulations effective May 28, 2026:
| Name | Designation | Email | Contact Details |
| Mr. Prakash Hiralal Parekh | Managing Director | prakash@champalalgroup.com | H.B. Jirawala House, Navbharat Society, Usmanpura, Ahmedabad-380013, Gujarat |
| Mr. Anil Shyamsunde Goval | Director | anil@champalalgroup.com | Nr. Panchshil Bus Stand, Usmanpura, Ahmedabad-380013, Gujarat |
| Mr. Aman Prakash Parekh | Wholetime Director | aman@champalalgroup.com | Tel No: +91-079-27550764 |
| Mr. Dhrumil Shah | Chief Financial Officer | finance9@champalalgroup.com | 7069097704 |
| Mr. Rishabh Kumar Jain | Company Secretary | csgpl@champalalgroup.com | |
Financial Results Summary
Consolidated Financial Results (Year ended March 31, 2026)
- Revenue from Operations: ₹58,750.76 lakhs (FY25: ₹46,343.54 lakhs)
- Total Income: ₹59,959.16 lakhs (FY25: ₹46,811.32 lakhs)
- Profit Before Tax: ₹3,980.12 lakhs (FY25: ₹1,797.96 lakhs)
- Profit After Tax: ₹2,879.23 lakhs (FY25: ₹1,333.08 lakhs)
- EPS (Basic): ₹27.01 (FY25: ₹12.57)
- EPS (Diluted): ₹21.60 (FY25: ₹12.50)
Standalone Financial Results (Year ended March 31, 2026)
- Revenue from Operations: ₹28,940.90 lakhs
- Total Income: ₹29,238.99 lakhs
- Profit Before Tax: ₹2,408.04 lakhs
- Profit After Tax: ₹1,724.63 lakhs
- EPS (Basic): ₹16.16
- EPS (Diluted): ₹16.06
Segment Information
The company operates in two main segments:
1. Woven Sacks Division: Revenue of ₹28,707.59 lakhs for FY26
2. Label Division: Revenue of ₹233.31 lakhs for FY26
Emphasis of Matter
The auditors drew attention to Note No. 4 regarding the dissolution of the company's Joint Venture, HCP Plastene Bulkpack Plt., Malaysia during the year in accordance with applicable Malaysian legal provisions. The investment was derecognized and resultant loss appropriately recognized in accordance with Ind AS 110. Management represented no further obligations, contingent liabilities, claims, or exposures outstanding as at the reporting date.
Subsidiary Information
The consolidated results include financial results of K P Woven Private Limited, which showed:
- Total assets: ₹20,579.63 lakhs as at March 31, 2026
- Total revenues: ₹40,215.62 lakhs for year ended March 31, 2026
- Net profit after tax: ₹1,149.10 lakhs
- Total comprehensive income: ₹1,153.19 lakhs
- Net cash inflows: ₹1,484.85 lakhs
Trading Window Update
The trading window for trading in securities of the Company will open on Monday, June 01, 2026.
Meeting Details
The Board Meeting commenced at 4:00 PM and concluded at 4:22 PM on May 28, 2026.