Meeting Details
The Board meeting was held on Wednesday, 12th August 2026, commencing at 3:15 PM and concluding at 3:45 PM.
Approved Items
1. Financial Results Approval
Approved the Unaudited Financial Results (Standalone) of the Company for the quarter ended 30th June 2026. The results were reviewed and recommended by the Audit Committee pursuant to Regulation 33 of the SEBI Listing Regulations. The statutory auditors issued a Limited Review Report on these financial results.
2. Internal Auditor Appointment
Appointed M/s. Binay Kumar & Co. Chartered Accountants as the Internal Auditors of the Company for the financial year 2026-2027, effective from 12th August 2026. This appointment follows the resignation of previous internal auditors M/s. DTSB & Associates, which was effective from 15th July 2026.
Auditor Profile Details:
- Established in 2011
- Office address: No.F-001/2, Muddinapalya Road, Bharathnagar, 1st Stage, Magadi Road, Bangalore - 560091
- Registered with ICAI with FRN/MRN: 013309S/220213
- Services provided: Audit and Assurance, Tax Audit under Income-Tax Act, Certification Services
3. Bank Account Transfer
Approved transfer of Company's Current Bank Account from State Bank of India, SME Maraimalai Nagar Branch, Kancheepuram District to State Bank of India, Anna Nagar, Chennai Branch.
4. Property Sale
Took note of the sale of Company's property situated at C-44, SIDCO Industrial Estate, Maraimalai Nagar, Chengalpattu District, Tamil Nadu-603209.
Financial Reporting Framework
The financial results:
- Were prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34)
- Follow recognition and measurement principles prescribed under section 133 of the Companies Act 2013
- The company adopted Ind AS from 1st April 2017
- Format modified to comply with SEBI Circular dated 5th July 2016, Ind AS and Schedule III of Companies Act, 2013
Business Segment Information
The Company has one reportable business segment: Manufacture of Flexible Intermediate Bulk Containers.