Date and Nature of Communication
Rajshree Polypack Limited responded to the National Stock Exchange of India Limited's email dated June 25, 2026, which sought clarification regarding the company's Audited Financial Results submitted to the Exchange following a Board Meeting.
Company's Clarification on Financial Results
The exchange raised two primary observations:
1. Machine Readable Form/Legible Copy Not Submitted:
The company enclosed the Machine-Readable Form/legible copy of the Audited Financial Results for the exchange's reference and records.
2. Identical Figures in Standalone & Consolidated Financial Results:
The company provided a detailed explanation for the identical figures appearing in both standalone and consolidated financial results:
- The company has only one joint venture, Olive Ecopak Private Limited, classified under Ind AS 111 - Joint Arrangements
- Investments in the joint venture are accounted for using the Equity Method as per Ind AS 28 - Investments in Associates and Joint Ventures
- In the consolidated financial statements, the investment is presented as a single line item under Non-current Assets in the Balance Sheet
- The company's Share of Profit or Loss from the joint venture is recognized as a single line item in the Statement of Profit and Loss
- During Q3 FY2024-25, the accumulated share of losses from the joint venture exceeded the carrying amount of the company's investment
- As per Ind AS 28, the company recognized share of losses only up to the extent of its investment, reducing the carrying amount to Nil
- No further share of losses was recognized in Q4 FY2025-26, resulting in identical standalone and consolidated figures
- This accounting treatment is disclosed in Note No. 4 of the Consolidated Audited Financial Results
- The statutory auditors have reviewed and confirmed this treatment complies with applicable Ind AS
The company noted this is the fifth consecutive quarter (Q4 FY2024-25 and Q1-Q3 FY2025-26) where identical results required the same explanation, which was previously accepted by the exchange.
Regulatory Compliance Reference
The company referenced compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements. The independent auditor's report (JASS & Co LLP) confirmed the financial results comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Results Details
Consolidated Financial Results for Year Ended March 31, 2026:
- Revenue from Operations: ₹3,321.839 lakhs
- Total Income: ₹3,386.147 lakhs
- Total Expenses: ₹3,157.506 lakhs
- Profit Before Tax: ₹2,286.41 lakhs
- Profit for the Period: ₹1,725.25 lakhs
- Total Comprehensive Income: ₹1,721.70 lakhs
- Basic EPS: ₹2.32
- Diluted EPS: ₹2.32
Standalone Financial Results for Year Ended March 31, 2026:
- Revenue from Operations: ₹3,321.839 lakhs
- Total Income: ₹3,386.147 lakhs
- Total Expenses: ₹3,157.506 lakhs
- Profit Before Tax: ₹2,286.41 lakhs
- Profit for the Period: ₹1,725.25 lakhs
- Total Comprehensive Income: ₹1,721.70 lakhs
- Basic EPS: ₹2.32
- Diluted EPS: ₹2.32
Joint Venture Details:
- Company's share of net loss after tax from Olive Ecopak Private Limited: ₹946.37 lakhs for April 1, 2025 to March 31, 2026