BOARD CONSIDERED AND APPROVED THE FINANCIAL RESULTS FOR THE QUARETER AND YEAR ENDED AS ON 31ST MARCH 2025 ALONG WITH APPOINTMENT OF SECRETARAIAL AUDITORS AND APPOINTMENT INTERNAL AUDITORS ....
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Apt Packaging Limited's board approved audited financial results for Q4 and FY25 on 28th May 2025. Total income for FY25 stood at Rs 1,359.79 lakhs, a sharp decline of about 68% from Rs 4,281.13 lakhs in FY24. Despite the revenue fall, the company swung back to a net profit of Rs 30.58 lakhs compared to a net loss of Rs 252.40 lakhs last year, with EPS of Rs 0.68 versus a negative Rs 4.43. The statutory auditor issued a qualified opinion flagging four issues: unpaid MSME interest of Rs 0.57 lakhs, unprovided GST liability of Rs 20.70 lakhs for FY20 under appeal, unreconciled trade balances, and non-provisioning of doubtful debts of Rs 11.45 lakhs. The auditor also drew attention to negative net worth of Rs 465.79 lakhs as on 31 March 2025, noting that a preferential allotment of Rs 1,965 lakhs completed on 8 May 2025 has since restored positive net worth. The board also appointed M/s Ganesh Palve & Associates as Secretarial Auditor for 5 years and Mr Akhilesh Bhalerao as Internal Auditor for 3 years.
Shareholders should note the dramatic revenue contraction alongside a turnaround in profitability and the negative net worth situation, which has been rescued by a large post-year-end equity infusion. The qualified audit opinion and unresolved tax/receivable issues are red flags that warrant caution despite the improved bottom line.