Detailed Summary

Key Decisions and Financial Results

The Board of Directors at their meeting held on November 06, 2026 (commenced at 4:00 PM, concluded at 4:22 PM) approved the following items:

1. Approval of Financial Results: The unaudited Standalone and Consolidated Financial Results for the quarter and Half Year ended September 30, 2026, were approved and taken on record. The statutory auditors' review report pursuant to Regulation 33 was also received.

2. Management Changes:

  • Change in Designation: Mr. Aman Prakash Parekh (DIN: 09501515) was redesignated from Whole-time Director to Executive Director of the Company, effective November 06, 2026, without any change in his directorship. He is the son of Mr. Prakash Hiralal Parekh.
  • Resignation of CFO: The Board noted and approved the resignation of Mr. Prakash Hiralal Parekh from the post of Chief Financial Officer (CFO), effective November 06, 2026, as per his resignation letter dated November 06, 2026. He resigned for personal reasons but will continue as Managing Director.
  • Appointment of New CFO: The Board approved the appointment of Mr. Aman Prakash Parekh as the Chief Financial Officer (CFO) of the Company, effective November 06, 2026. His profile notes he holds a Bachelor of Engineering from the University of Manchester and has more than 7 years of business experience.

3. ESOP Grant: The Board approved the grant of 140,100 (One Lakh Forty Thousand and One Hundred) ESOP options to eligible employees under the ESOP scheme 2022. The scheme is in terms of SEBI Regulations, 2021. The options are for 140,100 equity shares of ₹10/- each, with an exercise price of ₹10/- per option. The options may be exercised within 5 years from the date of vesting, as per the scheme terms. Diluted EPS impact is noted as not applicable at the time of grant.

Financial Performance Highlights (Consolidated)

For the Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹21,725.37 Lakhs (vs. ₹19,769.91 Lakhs in Q2 FY26)
  • Total Income: ₹21,905.74 Lakhs
  • Profit Before Tax (PBT): ₹1,216.90 Lakhs (vs. ₹683.57 Lakhs in Q2 FY26)
  • Tax Expense: ₹240.58 Lakhs
  • Net Profit for the period: ₹976.33 Lakhs (vs. ₹499.43 Lakhs in Q2 FY26)
  • Total Comprehensive Income: ₹985.97 Lakhs
  • Earnings Per Share (Basic) from Continuing Operations: ₹9.24 (vs. ₹4.67 in Q2 FY26)
  • Earnings Per Share (Diluted) from Continuing Operations: ₹9.18 (vs. ₹4.64 in Q2 FY26)

For the Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹39,144.68 Lakhs (vs. ₹32,344.42 Lakhs in H1 FY26)
  • Total Income: ₹39,398.11 Lakhs
  • Profit Before Tax (PBT): ₹3,845.28 Lakhs (vs. ₹1,654.15 Lakhs in H1 FY26)
  • Tax Expense: ₹1,034.32 Lakhs
  • Net Profit for the period: ₹2,810.96 Lakhs (vs. ₹1,213.59 Lakhs in H1 FY26)
  • Total Comprehensive Income: ₹2,821.24 Lakhs
  • Earnings Per Share (Basic) from Continuing Operations: ₹26.43 (vs. ₹11.38 in H1 FY26)
  • Earnings Per Share (Diluted) from Continuing Operations: ₹20.73 (vs. ₹11.32 in H1 FY26)

Segment-wise Performance (H1 FY27 Consolidated):

  • Woven Sacks Division Revenue: ₹39,033.27 Lakhs; Segment Result (PBIT): ₹4,966.22 Lakhs
  • Label Division Revenue: ₹111.41 Lakhs; Segment Result (PBIT): ₹28.91 Lakhs

Key Balance Sheet Items (Consolidated as of September 30, 2026):

  • Total Assets: ₹40,288.63 Lakhs
  • Total Equity: ₹13,548.62 Lakhs
  • Paid-up Equity Share Capital: ₹1,067.48 Lakhs (Face Value ₹10/- per share)

Standalone Financial Performance

For the Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹13,489.10 Lakhs
  • Net Profit for the period: ₹711.85 Lakhs
  • Earnings Per Share (Basic): ₹6.67

For the Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹25,015.45 Lakhs
  • Net Profit for the period: ₹1,611.90 Lakhs
  • Earnings Per Share (Basic): ₹15.10

Subsidiary Information

The review report notes the inclusion of interim financial results for the subsidiary, K P Woven Private Limited. As of September 30, 2026, the subsidiary reflected total assets of ₹21,012.30 Lakhs and for H1 FY27, total revenue of ₹11,788.73 Lakhs and net profit after tax of ₹264.49 Lakhs.

Auditor's Review

The unaudited financial results were reviewed by the statutory auditors, Ashok Dhariwal & Co. (Registration No. 100648W). Based on their review, nothing has come to their notice that causes them to believe that the statements were not prepared in accordance with the required recognition and measurement principles or that they contain any material misstatement.