Key Dates

  • 63rd AGM Date: Friday, 7th August, 2026 at 11:00 AM
  • AGM Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Record Date: 31st July, 2026 for dividend eligibility and e-voting
  • Remote e-voting Period: 3rd August, 2026 (9:00 AM) to 6th August, 2026 (5:00 PM)
  • Book Closure: 1st August, 2026 to 7th August, 2026

Financial Performance (FY2026)

  • Total Revenue: ₹24,623.63 lakhs (Previous year: ₹23,310.77 lakhs)
  • Revenue from Operations: ₹24,586.42 lakhs (6% increase)
  • Profit before depreciation and tax: ₹655.04 lakhs (Previous year: ₹812.39 lakhs)
  • Depreciation: ₹352.52 lakhs (Previous year: ₹300.36 lakhs)
  • Tax Expense: ₹123.39 lakhs (Previous year: ₹127.55 lakhs)
  • Net Profit: ₹179.13 lakhs (Previous year: ₹384.48 lakhs)
  • Earnings per Share: ₹19.43 (Previous year: ₹41.69)

Dividend Declaration

  • Recommended dividend of ₹12.00 per equity share of ₹10 each
  • Total dividend payout: ₹110.66 lakhs
  • Dividend payment date: By 20th August, 2026

Operational Highlights

  • Metal Can Division Sales: ₹23,497 lakhs (7% increase from ₹22,028 lakhs)
  • Export Sales: ₹273 lakhs (48% decrease from ₹526 lakhs)
  • Sugar Cone Division Sales: ₹1,084 lakhs (8% decrease from ₹1,175 lakhs)
  • Foreign Exchange Earned: ₹275.09 lakhs
  • Foreign Exchange Used: ₹1,409.38 lakhs

Capital Structure

  • Paid-up Equity Share Capital: ₹92.21 lakhs (9,22,133 equity shares of ₹10 each)
  • Reserves & Surplus: ₹8,981.90 lakhs
  • Shareholders' Funds: ₹9,074.11 lakhs
  • Book Value per Share: ₹984.04

AGM Agenda Items

Ordinary Business

1. Adoption of audited financial statements for FY2026

2. Declaration of dividend of ₹12.00 per share

3. Re-appointment of Shri Kirat M. Patel as Director retiring by rotation

4. Re-appointment of Shri Utsav R. Kapadia as Director retiring by rotation

Special Business

5. Appointment of Shri Chandrahas Zaveri as Independent Director for 5 years

6. Continuation of directorship of Shri Utsav R. Kapadia beyond age 75 years

7. Ratification of remuneration of ₹1,00,000 plus taxes to M/s. P.D. Modh & Associates as Cost Auditor for FY2027

Board Composition Changes

  • Shri Laxman D. Vaidya (Independent Director) completed tenure on 8th August, 2025
  • Shri Atul Kumar Agarwal (Nominee Director) resigned on 20th August, 2025
  • Shri Dhiraj Kumar Chaudhary appointed as Non-Executive Nominee Director representing GCMMF on 16th October, 2025
  • Shri Chandrahas Zaveri appointed as Additional Independent Director on 25th June, 2026

Corporate Governance

  • Board Meetings: 5 meetings held during FY2026
  • Audit Committee: 4 meetings held, reconstituted on 9th February, 2026
  • Fine Paid: ₹1,84,000 plus GST to BSE for non-compliance with Audit Committee composition requirements
  • Whistle Blower Policy: Implemented and operational
  • CSR Expenditure: ₹14.46 lakhs spent during FY2026

Shareholding Pattern (as on 31st March, 2026)

  • Promoter Holding: 44.81% (4,13,205 shares)
  • Public Holding: 55.19%
  • GCMMF Holding: 25.81% (2,38,016 shares)
  • Dematerialized Shares: 99.99% of total share capital

Risk Factors Identified

  • Raw material price fluctuations
  • Competition from unorganized sector
  • Alternative packaging materials
  • Lower profit margins
  • Foreign exchange rate fluctuations

Important Notes

  • Unclaimed dividend for FY2018-19 amounting to ₹4,310 due for transfer to IEPF on 11th September, 2026
  • 1,698 equity shares lying in unclaimed IEPF account
  • Company rating: CRISIL BBB/Stable for long-term facilities and CRISIL A3+ for short-term facilities