Company Overview
La Opala RG Limited, a leading manufacturer of glassware and lifestyle products listed on BSE and NSE, reported its financial results for FY 2025-26 and announced its 39th Annual General Meeting.
Financial Performance FY 2025-26
The company reported revenue from operations of ₹309.06 crore, representing a 6.87% decline from ₹331.86 crore in the previous year. Profit After Tax decreased by 4.43% to ₹92.30 crore from ₹96.59 crore. Despite the revenue contraction, EBITDA margin improved significantly by 390 basis points to 37.31%, driven by cost optimization measures. Other income declined to ₹32.20 crore from ₹47.73 crore in FY 2024-25. The company recognized a one-time exceptional expense of ₹1.79 crore due to the implementation of New Labour Codes effective November 2025.
Dividend Recommendation
The Board recommended a final dividend of ₹5.00 per equity share (250% of face value ₹2 each) for FY 2025-26, subject to shareholder approval at the upcoming AGM. This compares to the previous year's dividend of ₹7.50 per share (375%). The dividend payment date is scheduled for on or before September 26, 2026, if approved.
Annual General Meeting Details
The 39th AGM is scheduled for August 27, 2026, at 2:00 PM IST through video conferencing/audio-visual means. The record date for dividend entitlement is August 20, 2026, with book closure from August 21 to August 27, 2026. Key agenda items include adoption of financial statements, dividend declaration, re-appointment of Mrs. Nidhi Jhunjhunwala as Executive Director, and appointment of new independent directors including Ms. Suparna Chakrabortti and Mr. Saradindu Dutta.
Financial Position and Operations
As of March 31, 2026, the company maintained a strong financial position with net worth of ₹820.36 crore and current ratio of 19.69. The investment portfolio stood at ₹592.79 crore, primarily in mutual funds (₹520.96 crore) and an unquoted equity investment in Genesis Exports Pvt. Ltd. (₹71.83 crore). Manufacturing operations included three facilities with total production capacity of 32,000 TPA for opalware, though Madhupur operations were suspended during the year. The distribution network spanned 265 distributors and over 23,000 retailers across 600+ towns with exports to 40+ countries.
Regulatory Compliance and Corporate Governance
The financial statements were prepared in compliance with Indian Accounting Standards (Ind AS) and approved by the Board on May 30, 2026. The company maintained CARE AA stable rating for long-term borrowings and CARE A1+ for short-term facilities. CSR expenditure amounted to ₹243.35 lakh focused on healthcare, education, and rural development. Contingent liabilities included income tax demands of ₹199.11 lakh and GST demands of ₹89.95 lakh under dispute.
Related Party Transactions and Management Changes
The company proposed appointment of Mr. Abhyuday Jhunjhunwala (relative of directors) as Vice President-Business Development at remuneration of ₹7.75 lakh per month. Related party transactions included dividends paid to Genesis Exports Pvt. Ltd. (₹388.24 lakh) and remuneration to key management personnel including Ajit Jhunjhunwala (₹69.63 lakh).
The comprehensive annual report contains detailed business review, financial statements, corporate governance report, and business responsibility sustainability report, providing shareholders with complete disclosure ahead of the AGM.