Financial Performance Highlights
Revenue from Operations: ₹11,757.95 lakhs (FY 2025-26) vs ₹12,672.49 lakhs (FY 2024-25), decrease of 6.73%
EBITDA: ₹1,681.79 lakhs (FY 2025-26) vs ₹1,024.19 lakhs (FY 2024-25), significant improvement
Net Profit (PAT): ₹850.21 lakhs (FY 2025-26) vs ₹323.71 lakhs (FY 2024-25), growth of 162.65%
Return on Equity (ROE): 19.65% (FY 2025-26) vs 9.13% (FY 2024-25)
Return on Capital Employed (ROCE): 16.16% (FY 2025-26) vs 9.37% (FY 2024-25)
Exceptional Item
The profitability includes ₹150 lakhs received from an out-of-court settlement with New India Assurance Co. Ltd. regarding a fire insurance claim from 2013.
Dividend Declaration
The Board has recommended a final dividend of 7.5% (₹0.75 per equity share) for FY 2025-26, subject to shareholder approval at the AGM.
Operational Developments
- Company obtained various certifications including BRC, ISO 22000, FSSC 22000, ISO 45001
- Focused on promoting value-added products like Type D Bags and patented Baffle Liner Bags
- Solar power project implementation nearing completion
- Trading division revenue increased to ₹528.73 lakhs (4.42% growth)
AGM Details
Date and Time: July 30, 2026, 10:30 AM IST
Venue: Through Video Conference (VC) or Other Audio Visual Means
Deemed Venue: Registered Office at Chennai
AGM Agenda Items
Ordinary Business:
1. Adoption of financial statements for FY 2025-26
2. Re-appointment of Shri G.S. Srinivas (DIN: 01922225) who retires by rotation
3. Declaration of dividend
4. Revision of remuneration of Statutory Auditors M/s. DPV & Associates
Special Business: None
Corporate Structure
Board of Directors:
- Renuka Mohan Rao (Chairperson, Independent Director)
- Subhashini Subramanian (Independent Director)
- G.S. Anilkumar (Managing Director)
- Rajendra Kumar P (Independent Director)
- G.S. Srinivas (Director)
Key Managerial Personnel:
- G.A. Darshan (Chief Financial Officer)
- Sunil Kumar Alluri (Company Secretary and Compliance Officer)
Statutory Auditors: M/s DPV & Associates (Chartered Accountants)
Secretarial Auditors: M/s. Lakshmmi Subramanian & Associates
Bankers: Axis Bank Limited
Registrars & Share Transfer Agent: M/s. Cameo Corporate Services Limited
Capital Structure
Authorized Share Capital: ₹14,60,00,000 divided into 14,000,000 equity shares of ₹10 each and 600,000 Class B shares of ₹10 each
Issued, Subscribed & Paid-up Capital: ₹8,78,17,000 consisting of 8,373,700 equity shares of ₹10 each and 408,000 forfeited shares of ₹10 each
Key Ratios
Debt-Equity Ratio: 0.85 (FY 2025-26) vs 1.22 (FY 2024-25)
Debt Service Coverage Ratio: 3.14 (FY 2025-26) vs 2.42 (FY 2024-25)
Net Profit Ratio: 7.11% (FY 2025-26) vs 2.55% (FY 2024-25)
Segment Performance
Manufacturing Business: Revenue ₹11,291.29 lakhs, Result ₹893.61 lakhs
Polymer Trading Business: Revenue ₹528.73 lakhs, Result ₹403.48 lakhs
Future Outlook
The company plans to:
- Invest in renewable energy through solar power systems
- Implement automation across operational areas
- Expand production capacity
- Explore new domestic and international markets
- Develop new products through continuous R&D