Board Meeting Details

A meeting of the Board of Directors was held on August 11, 2026, commencing at 12:00 noon and concluding at 2:45 p.m.

Key Matters Approved

1. Unaudited Standalone and Consolidated Financial Results

Upon the recommendation of the Audit Committee, the Board considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The Statutory Auditors, Singhi & Co., issued an unmodified review report on these results.

2. New Line of Business

Detailed Financial Results (Standalone)

Quarter Ended June 30, 2026 (₹ in Crore, except EPS)

| Particulars | Q1 FY27 (Jun-26) | Q4 FY26 (Mar-26) | Q1 FY26 (Jun-25) | FY26 (Mar-26) |

| Revenue from operations | 473.97 | 436.06 | 409.46 | 1,736.15 |

| Other income | 2.85 | 12.01 | 2.77 | 27.29 |

| Total Income | 476.82 | 448.07 | 412.23 | 1,763.44 |

| Total Expenses | 426.50 | 406.11 | 382.96 | 1,609.10 |

| Profit before exceptional items & tax | 50.32 | 41.96 | 29.27 | 154.34 |

| Exceptional Items | - | (2.22) | - | (13.52) |

| Profit before tax | 50.32 | 39.74 | 29.27 | 140.82 |

| Tax Expense | 12.69 | 18.57 | 6.54 | 43.63 |

| Profit after tax | 37.63 | 21.17 | 22.72 | 97.18 |

| Other Comprehensive Income (Net of Tax) | (0.44) | (0.61) | (0.15) | (0.35) |

| Total Comprehensive Income | 37.19 | 20.56 | 22.57 | 96.83 |

| Basic EPS (₹) | 41.35 | 23.27 | 24.97 | 106.79 |

| Diluted EPS (₹) | 41.35 | 23.27 | 24.97 | 106.79 |

| Paid-up Equity Share Capital | 9.10 | 9.10 | 9.10 | 9.10 |

Notes on Standalone Results:

  • The company operates in a single segment: Packaging.
  • The exceptional item of ₹2.22 crore for Q4 FY26 and ₹13.52 crore for FY26 relates to a provision for increased employee benefits obligations arising from the implementation of the Labour Codes, notified on November 21, 2025, for past service cost.

Detailed Financial Results (Consolidated)

Quarter Ended June 30, 2026 (₹ in Crore, except EPS)

| Particulars | Q1 FY27 (Jun-26) | Q4 FY26 (Mar-26) | Q1 FY26 (Jun-25) | FY26 (Mar-26) |

| Revenue from operations | 492.97 | 453.83 | 424.68 | 1,810.22 |

| Other income | 1.96 | 11.41 | 2.31 | 25.38 |

| Total Income | 494.94 | 465.24 | 426.99 | 1,835.59 |

| Total Expenses | 442.25 | 422.80 | 398.14 | 1,680.46 |

| Profit before exceptional items & tax | 52.69 | 42.45 | 28.85 | 155.13 |

| Exceptional Items | - | (2.22) | - | (13.79) |

| Profit before tax | 52.69 | 40.24 | 28.85 | 141.34 |

| Tax Expense | 12.68 | 18.51 | 6.53 | 43.55 |

| Profit after tax | 40.01 | 21.72 | 22.32 | 97.80 |

| Other Comprehensive Income (Net of Tax) | (0.52) | 1.30 | (0.04) | 3.18 |

| Total Comprehensive Income | 39.49 | 23.03 | 22.27 | 100.97 |

| Basic EPS (₹) | 43.96 | 23.87 | 24.52 | 107.47 |

| Diluted EPS (₹) | 43.96 | 23.87 | 24.52 | 107.47 |

| Paid-up Equity Share Capital | 9.10 | 9.10 | 9.10 | 9.10 |

Subsidiaries Included in Consolidation:

The consolidated results include the following subsidiaries:

1. TCPL Middle East FZE

2. Creative Offset Printers Private Ltd

3. Accura Technik Private Limited

Auditor's Note on Consolidated Results:

The auditors, Singhi & Co., did not review the financial results of one subsidiary company (unspecified). This subsidiary's results, which were reviewed by other auditors, reflect Revenue from operations of ₹2.53 Crores and a Net loss after tax of ₹(0.29) Crores. The auditor's conclusion is based on the reports of the other auditor.

Notes on Consolidated Results:

  • The Group operates in a single segment: Packaging.
  • The exceptional item of ₹2.22 crore for Q4 FY26 and ₹13.79 crore for FY26 relates to a provision for increased employee benefits obligations arising from the implementation of the Labour Codes, notified on November 21, 2025, for past service cost.

Details of New Line of Business

The Board approved a strategic diversification into manufacturing lithium-ion battery separator films.

Industry: Manufacture of lithium-ion battery separator films, a critical component of Advanced Chemistry Cell (ACC) batteries used in electric vehicles, grid-scale energy storage, and other applications.

Rationale & Capabilities: The new business builds on TCPL's established capabilities in specialized films, polymer processing, precision manufacturing, R&D, process control, and quality assurance.

Expected Benefits:

  • Enables participation in the ACC battery supply chain.
  • Positions the TCPL Group within India's rapidly expanding new-energy materials ecosystem.

Capacity & Investment:

  • Initial Capacity: 70 million square meters per annum, equivalent to supporting 6-8 GWh of lithium-ion battery cell production annually.
  • Long-term Vision: Phased expansion over 5-7 years to an annual production capacity of approximately 500 million square meters.
  • Estimated Investment: Approximately ₹125 crores to be invested over the next 18 months.

Implementation Timeline:

  • The project will be implemented over the next 18 months.
  • Initial Focus: Establishing manufacturing infrastructure, developing and validating the product, completing customer qualification processes, and building relationships with cell manufacturers.
  • Commercial Production Target: Q4 of FY2028.

Corporate Structure: The business will be operated through a new subsidiary company proposed to be incorporated for this purpose.

Compliance Officer

The disclosure was signed by Harish Venkappa Anchan, Compliance Officer of TCPL Packaging Limited.