Key Quantitative Figures

Financial Performance (FY 2025-26 vs FY 2024-25):

  • Total Income: ₹128.27 crore (₹111.67 crore in previous year)
  • Revenue from Operations: ₹126.44 crore (₹110.33 crore in previous year) - 14.60% increase
  • Export Turnover: ₹33.97 crore (₹16.57 crore in previous year) - 104.97% increase
  • Profit Before Tax: ₹1.66 crore (₹2.43 crore in previous year) - after exceptional item of ₹0.17 crore
  • Net Profit: ₹1.37 crore (₹1.76 crore in previous year) - 22.30% decrease
  • Earnings Per Share (Basic & Diluted): ₹2.26 (₹2.91 in previous year)
  • Total Assets: ₹49.03 crore (₹41.35 crore in previous year)
  • Borrowings: ₹21.78 crore (₹11.11 crore in previous year)
  • Equity Share Capital: ₹6.06 crore (unchanged)

Other Financial Data:

  • Finance Cost: ₹1.62 crore (₹1.29 crore in previous year)
  • Depreciation: ₹1.29 crore (₹0.74 crore in previous year)
  • Employee Benefit Expense: ₹0.51 crore (₹0.52 crore in previous year)
  • Inventory: ₹15.76 crore (₹12.92 crore in previous year)
  • Trade Receivables: ₹15.04 crore (₹12.39 crore in previous year)

Dates of Action

  • AGM Date: 24th September 2026 at 4:00 PM through Video Conference
  • Record Date for AGM: 18th September 2026
  • Book Closure: 21st September 2026 to 23rd September 2026 (both days inclusive)
  • E-voting Period: 21st September 2026 (9:00 AM) to 23rd September 2026 (5:00 PM)
  • MD Reappointment Tenure: 1st June 2026 to 31st May 2029
  • Company Secretary Change: Ms. Anuradha Dubey ceased on 10/10/2025; Mr. Amish Ashar appointed w.e.f 12/11/2025

Parties Involved

Board of Directors:

  • Ms. Mridu Arora (Chairperson, Non-executive Director)
  • Mr. Sandeep Arora (Managing Director)
  • Mr. Tejas Shah (Non-executive Independent Director)
  • Mr. Vipul Desai (Non-executive Independent Director)

Key Managerial Personnel:

  • Mr. Ajeet Singh (Chief Financial Officer)
  • Mr. Amish Ashar (Company Secretary & Compliance Officer)

Auditors:

  • Statutory Auditors: M/s Haziyani & Associates, Chartered Accountants
  • Secretarial Auditor: CS Prashant Diwan, Practicing Company Secretary
  • Cost Auditor: M/s S K Agarwal & Associates (FRN: 100322)

Registrar and Share Transfer Agent:

MUFG Intime India Private Limited

Business Operations and Performance

Products and Business:

The company manufactures adhesive tapes and specialty adhesives and emulsions. The BOPP self-adhesive tape market is expanding rapidly driven by e-commerce, logistics, and manufacturing. Despite raw material price volatility tied to crude oil, overall demand remained steady.

Market Environment:

The operating environment remained competitive with fluctuations in BOPP film demand and product realizations. Prices of BOPP film, adhesives and other petrochemical-based inputs remained susceptible to movements in polypropylene, crude oil, energy and transportation costs.

Operational Highlights:

  • Focus on operational efficiency, disciplined cost control, and value-added customized tape solutions
  • Continued efforts to cater to evolving customer requirements through printed, customized and application-specific adhesive tapes
  • Specialty Adhesives & Emulsions business continued to cater to applications in paper, paperboard, packaging and other industrial sectors

Resolutions Proposed at AGM

Ordinary Business:

1. Adoption of Audited Financial Statements for FY 2025-26

2. Re-appointment of Ms. Mridu Arora as Director retiring by rotation

Special Business:

3. Re-appointment of Mr. Sandeep Arora as Managing Director for 3 years w.e.f 1st June 2026 at remuneration of ₹3,00,000 per month in the salary grade of ₹1,50,000 to ₹3,50,000 per month (all inclusive)

4. Ratification of Remuneration of Cost Auditors for FY 2026-27 fixed at ₹70,000 plus applicable taxes and out-of-pocket expenses

Capital Structure Impact

No change in equity share capital during the year. The company has 60,61,000 equity shares of ₹10 each fully paid up.

Cash Flow Implications

  • Cash from Operating Activities: (₹7.01) crore negative
  • Cash from Investing Activities: (₹2.01) crore negative
  • Cash from Financing Activities: ₹9.05 crore positive
  • Cash and Cash Equivalents at end: ₹9.35 lakh (₹7.17 lakh in previous year)

Contingent Liabilities

GST Disputes:

1. GST Appellate Tribunal matter for period 01/07/2017 to 31/03/2022: ₹17.47 lakh (₹6.57 lakh paid as part payment)

2. GST Appeals matter for period 01/04/2019 to 31/03/2024: ₹136.61 lakh (₹13.66 lakh paid as part payment)

Dividend Policy

No dividend recommended for FY 2025-26 to conserve reserves.

Internal Financial Controls

The company has adequate internal financial controls with reference to financial statements. During the year, such controls were tested and no reportable material weakness was observed.

Related Party Transactions

All related party transactions were in the ordinary course of business and on arm's length basis. Significant transactions include:

  • Loan from Sonal Impex Limited: ₹4.88 crore outstanding as at 31st March 2026
  • Interest paid to Sonal Impex Limited: ₹57.60 lakh
  • Corporate guarantee charges paid: ₹11.00 lakh
  • Rent paid to Sonal Ropes Limited: ₹4.80 lakh

Forward-looking Statements

The management continues to explore new avenues for growth, improve operational efficiencies and expand production and business opportunities with a view to enhancing profitability. The long-term outlook for the Indian BOPP self-adhesive tape industry remains positive.