Board Meeting Details

The Board of Directors meeting commenced at 3:30 PM and concluded at 4:00 PM on Sunday, August 9, 2026.

Key Agenda Items Approved

1. Financial Results Approval

The Board approved the Un-audited Standalone and Consolidated Financial Results along with Limited Review Report from statutory auditors for Q1 ended June 30, 2026, pursuant to Regulation 33 of SEBI LODR.

2. Management Appointment

Mr. Ravikumar Ramnarayan Pasi (Membership No. ACS-28167) appointed as Company Secretary and Compliance Officer (Key Managerial Personnel) effective August 9, 2026 under Regulation 6 and 30 of SEBI LODR.

Profile Details: M.Com, LL.M, Associate Member of ICSI with over 15 years experience in Company Secretary, Regulatory Compliance, Corporate Affairs and Treasury. Expertise in Companies Act 2013, SEBI Listing Regulations and other corporate laws.

3. Authorization for Materiality Determination

The Board authorized the following KMPs to determine materiality of events and make disclosures to stock exchanges under Regulation 30(5):

  • Mr. Alpesh Tulsibhai Patel (Chairman and Managing Director)
  • Mr. Pravinkumar Ambalal Patel (Whole-Time Director)
  • Mr. Rashminbhai Tulsibhai Patel (Whole-Time Director)
  • Mr. Ajay Kumar Dubey (Chief Financial Officer)
  • Mr. Ravikumar Pasi (Company Secretary & Compliance Officer)

Contact: +91 9925171483, Email: compliance@knackpackaging.com

Financial Results Summary

Consolidated Financial Results (₹ in millions)

Income Statement:

  • Revenue from operations: ₹2,624.59 (Q1 FY27) vs ₹1,860.12 (Q1 FY26) - 41.1% YoY growth
  • Other Income: ₹23.12 vs ₹11.05
  • Total Income: ₹2,647.71 vs ₹1,871.17
  • Cost of materials consumed: ₹1,818.03 vs ₹1,144.74
  • Employee Benefits Expense: ₹152.39 vs ₹103.12
  • Finance Costs: ₹40.26 vs ₹38.63
  • Depreciation: ₹98.60 vs ₹69.31
  • Other Expenses: ₹383.16 vs ₹289.41
  • Profit before joint venture share and tax: ₹452.87 vs ₹278.48
  • Share of loss from joint venture: ₹(34.45) vs ₹0
  • Profit before tax: ₹418.42 vs ₹278.48
  • Tax expense: ₹113.14 vs ₹72.13
  • Net profit after tax: ₹305.28 vs ₹206.35 - 47.9% YoY growth
  • EPS: ₹3.05 vs ₹2.06

Comparative Figures:

  • Q4 FY26 Revenue: ₹2,142.70 million
  • Q4 FY26 Net profit: ₹244.35 million
  • FY26 Annual Revenue: ₹8,234.34 million
  • FY26 Annual Net profit: ₹927.24 million

Standalone Financial Results (₹ in millions)

Income Statement:

  • Revenue from operations: ₹2,568.15 (Q1 FY27) vs ₹1,830.16 (Q1 FY26) - 40.3% YoY growth
  • Other Income: ₹22.81 vs ₹13.91
  • Total Income: ₹2,590.96 vs ₹1,844.07
  • Profit before tax: ₹419.11 vs ₹267.44
  • Tax expense: ₹104.05 vs ₹69.24
  • Net profit after tax: ₹315.06 vs ₹198.20 - 59.0% YoY growth
  • EPS: ₹3.15 vs ₹1.98

Notes to Financial Results

Corporate Structure

Consolidated results include:

  • Knack Packaging SA (RF) PTY Ltd. (Subsidiary) - Total assets: ₹110.79 million, Revenue: ₹157.18 million, Net profit: ₹25.38 million for Q1 FY27
  • Sayem Knack S.A. de C.V. (Joint Venture) - Share of net loss: ₹34.45 million for Q1 FY27

Joint Venture Details

Company entered joint venture agreement on April 28, 2025 with:

  • Sacos Y Empaques Internacionales S.A. de C.V. (40%)
  • Mauricio Ferretis Diaz Infante (10%)
  • Company holding 50% ownership in Sayem Knack S.A. de C.V.

Capital commitment of USD 0.5 million fulfilled on August 6, 2025. Equity interests transferred to Bessher Holding S.A.P.I. de C.V. on December 30, 2025, with company maintaining 50% interest.

Corporate Developments

  • Incorporated Knack Packaging (FZC) SPC in Oman on September 15, 2025 - entity did not commence operations and was placed under liquidation on May 24, 2026
  • Issued 9,50,00,000 bonus shares (19:1 ratio) on May 14, 2025 through capitalization of free reserves
  • Completed IPO on July 8, 2026: 2,58,65,164 equity shares at ₹170 per share (face value ₹10)
  • Fresh issue: 2,23,65,164 shares aggregating ₹3,800 million
  • Offer for sale: 35,00,000 shares aggregating ₹595 million
  • Listed on NSE and BSE

Accounting Policies

  • Adopted Ind AS from April 1, 2023 with transition date April 1, 2022
  • Exceptional item of ₹10.77 million in FY26 related to Labor Codes impact on employee benefits
  • Figures for previous quarters not subjected to limited review as company was not listed during those periods