Financial Results Approval

The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report from statutory auditors Ashok Dhariwal & Co.

Standalone Financial Performance (Q1 FY27)

  • Revenue from operations: ₹11,526.36 lakh
  • Total income: ₹11,593.06 lakh (including other income of ₹66.70 lakh)
  • Total expenditure: ₹10,335.93 lakh
  • Profit before tax: ₹1,257.13 lakh
  • Tax expense: ₹357.05 lakh (deferred tax)
  • Net profit: ₹900.08 lakh
  • Earnings per share (basic/diluted): ₹8.42/₹8.37
  • Paid-up equity share capital: ₹10.67 crore (10,674,837 shares of ₹10 each)

Consolidated Financial Performance (Q1 FY27)

  • Revenue from operations: ₹17,419.32 lakh
  • Total income: ₹17,492.37 lakh (including other income of ₹73.05 lakh)
  • Total expenditure: ₹14,864.01 lakh
  • Profit before tax: ₹2,628.36 lakh
  • Tax expense: ₹793.74 lakh (current tax ₹349.94 lakh, deferred tax ₹443.80 lakh)
  • Net profit: ₹1,834.64 lakh
  • Net profit attributable to owners: ₹1,379.78 lakh
  • Earnings per share (basic/diluted): ₹17.19/₹17.08

Segment-wise Performance (Standalone)

  • Woven Sacks Division: Revenue ₹11,472.75 lakh, EBIT ₹1,486.00 lakh
  • Label Division: Revenue ₹53.61 lakh, EBIT ₹22.49 lakh

Management Changes

  • Re-appointment of Mr. Prakash Hiralal Parekh (DIN: 00158264) as Director recommended for shareholder approval
  • Re-appointment of Mr. Prakash Hiralal Parekh as Managing Director for 3 years effective November 1, 2026, subject to shareholder approval
  • Re-appointment of Mr. Sandeep Shah (DIN: 01850151) as Non-Executive Independent Director for 5 years effective August 9, 2026
  • Resignation of Mr. Dhrumil Shah as Chief Financial Officer effective August 12, 2026 for further career opportunities

Corporate Actions

  • Allotment of 16,780 equity shares of ₹10 each to eligible employees pursuant to ESOP scheme 2022 exercise
  • Exercise price: ₹10 per option
  • Money realized: ₹167,800
  • Paid-up capital increased from ₹10,674,8370 to ₹10,691,6170 (10,691,617 shares)
  • Options lapsed: 29,450
  • Total options in scheme: 250,000

AGM Arrangements

  • 42nd Annual General Meeting to be held on September 25, 2026 through VC/OAVM
  • Record date: September 18, 2026
  • Register of Members closure: September 19-25, 2026
  • Remote e-voting period: September 19, 2026 (9:00 AM) to September 24, 2026 (5:00 PM)
  • NSDL appointed for e-voting services
  • Ketan Vyas & Co. appointed as scrutinizer

Other Board Approvals

  • Approval of Board Report with annexures for FY ended March 31, 2026
  • Dissolution of Malaysian subsidiary HCP Plastene Bulkpack PLT
  • Adoption of new Articles of Association subject to shareholder approval

Meeting Details

The Board meeting commenced at 4:00 PM and concluded at 4:20 PM on August 12, 2026.