Board Meeting Details
The meeting commenced at 3:30 PM and concluded at 4:00 PM on August 13, 2026.
Financial Results Summary
Quarter Ended June 30, 2026 (Q1 FY27):
- Revenue from operations: ₹35.95 crore
- Other income: ₹6.41 lakh
- Total income: ₹36.06 crore
Comparative Figures:
- Previous quarter (Q4 FY26): Revenue from operations ₹33.20 crore, Other income ₹1.14 lakh, Total income ₹33.84 crore
- Year-ago quarter (Q1 FY26): Revenue from operations ₹32.58 crore, Other income ₹1.12 lakh, Total income ₹32.70 crore
Key Notes to Financial Results
1. Business Segment: The company is mainly engaged in manufacturing plastic bottles, jars, and caps. No separate reportable segments as per Ind AS 108.
2. Employee Payments:
- Contract workers' individual wage payments are above PF and ESI limits, so no liability arises
- ₹16.10 lakh paid in cash to workers upon their requests
3. Pending Liabilities: Bonus of ₹15.92 lakh pertaining to previous financial years remains unpaid as of June 30, 2026. Employee-wise and financial year-wise breakup not available.
4. Dividend Account Issue: Axis Bank charged fees on dividend account (A/C No. 917020067706115 for FY16-17), which the company claims is against the law. Communication with bank personnel for rectification is in process.
5. Unpaid Dividend: Total unpaid dividend as of June 30, 2026 amounts to approximately ₹12,68,043. Shareholder-wise and amount-wise records are not available for verification.
6. GST Reconciliation: GST input claimed in books of accounts and GSTR-3B are subject to reconciliation for period ended June 30, 2026.
7. Tax Treatment: Tax expenses recognized after considering deduction under section 80IE of Income Tax Act, 1961, for units situated in exempted zones.
8. Balance Confirmations: Balances of trade receivables, advances, unsecured loans, security deposits, and trade payables are subject to confirmation.
9. Internal Audit: No internal audit conducted during the quarter ended June 30, 2026. Management claims to have an internal audit team but no report available on records.
10. Other Income: Includes profit on sale of fixed assets amounting to ₹6 lakh.
11. Lease Payments: Rent includes lease rentals for premises without legitimate lease deeds.
12. MSME Payments: Company has not paid interest on amounts paid beyond 45 days to MSME creditors as per payment terms under supply agreements.
13. Regulatory Compliance: This statement is prepared as per Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Auditor's Limited Review Report
Mahesh Yadav and Company (Firm Registration No. 036520N) issued a limited review report concluding that nothing has come to their attention causing them to believe the financial results contain material misstatements.
Emphasis of Matters by Auditor
The auditor highlighted four emphasis matters:
- Note 3: Payment of wages in cash instead of banking channel as per Payment of Wages (Amendment) Act, 2017
- Note 4: Pending bonus payable for previous financial years till June 2026
- Note 9: No internal audit conducted for quarter ended June 30, 2026
- Note 12: Non-payment to MSME creditors within 45 days due to payment terms agreed with vendors
The report is not qualified in respect of these matters.
Additional Information
For more details on results, investors can visit the investor relationship section of the company's website (www.itplgroup.com) or financial results under corporate sections of www.bseindia.com.