Financial Performance Highlights
Kanpur Plastipack delivered exceptional FY26 results with consolidated net profit surging 256% to ₹3,949.61 lakhs (₹36.89 Cr) from ₹1,110.54 lakhs in FY25. Revenue from operations increased 26% to ₹71,876.25 lakhs (₹726.67 Cr) driven by strong performance across all segments. EBITDA grew 37.89% to ₹74.76 Cr, while EPS reached ₹16.29. The company recommended a final dividend of ₹1.20 per share, subject to shareholder approval at the AGM.
Key financial ratios showed significant improvement: Return on Equity increased to 16.65% from 5.76%, Net Profit Margin expanded to 5.50% from 1.97%, and Debt-Equity Ratio improved to 0.13 from 0.39. The current ratio strengthened to 1.74 from 1.21, indicating improved liquidity.
Strategic Developments and Restructuring
The company disposed of its Cast Polypropylene Unit (CPP) as discontinued operations, recognizing an impairment loss of ₹1,161.93 lakhs in FY25. The sale was concluded on 16th May, 2025 for ₹5,023.50 lakhs. In a strategic expansion move, Kanpur Plastipack acquired 76.19% stake in UK-based Valex Ventures Limited for ₹801.73 lakhs through issuance of equity shares, resulting in goodwill of ₹672.23 lakhs. The company also established a joint venture with Essegomma S.p.A. of Italy for premium PP Taslan yarn production and diversified into technical textiles through non-woven fabrics manufacturing.
55th Annual General Meeting Details
The AGM is scheduled for 10th August 2026 at the company's registered office in Kanpur. Key resolutions include:
- Adoption of FY26 financial statements and declaration of final dividend
- Re-appointment of Manoj Agarwal as Chairman cum Managing Director for 3 years with revised remuneration
- Change in terms for Shashank Agarwal as Deputy Managing Director with increased basic remuneration
- Payment of remuneration to Usha Agarwal as Non-Executive Director
- Ratification of cost auditor remuneration
Voting will be conducted via remote e-voting through NSDL from 7th to 9th August 2026, with physical voting available at the AGM. The scrutinizer, CS Adesh Tandon, will submit results by 12th August 2026.
Government Grants and Contingent Items
The company received government grants totaling ₹90.84 lakhs under various schemes including ATUFS, UP Textile Policy, and UP Export Policy. DFIA benefits of ₹703.39 lakhs were disclosed as contingent assets due to uncertainty regarding future government policy on import duty structure. The company also disclosed contingent liabilities including counter guarantees of ₹790.77 lakhs and legal undertakings to DGFT of ₹21.66 lakhs.
Corporate Governance and Compliance
The company maintained promoter holding of 68.03% and confirmed compliance with all regulatory requirements. Employee strength stood at 1,491 as of 31st March 2026, with defined benefit obligation for gratuity at ₹1,102.73 lakhs. The audit was conducted by Rajiv Mehrotra & Associates, with key audit matters focusing on discontinued operations presentation, goodwill impairment assessment, and DFIA benefits recognition.
The document demonstrates Kanpur Plastipack's successful transformation through strategic divestment, international expansion, and strong operational performance, positioning the company for continued growth in the packaging and textiles sectors.