Disclosures for approved Quarterly Unaudited results for the quarter ended as on 30th Sept 2025 and Approved Resignation tendered by Mr Gheverchand Bothara and Mrs Rupali bothara as an ....
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Apt Packaging Ltd reported unaudited results for Q2 FY26 (ended Sept 30, 2025) with total income of Rs. 588.54 lakhs, up sharply from Rs. 290.02 lakhs in the same quarter last year. Net profit for the quarter stood at Rs. 45.43 lakhs versus Rs. 5.50 lakhs a year ago. For the half year, total income was Rs. 1,064.63 lakhs and net profit Rs. 26.42 lakhs, an improvement over Rs. 21.90 lakhs in H1 FY25. The auditor issued a qualified limited review report flagging four items: pending GST liability of Rs. 20.70 lakhs for FY20 (under appeal), Rs. 11.45 lakhs of doubtful debts not provided for, weak inventory valuation methodology, and unpaid interest on related-party loans (waived). The board also accepted the resignations of two Independent Directors – Mr. Gheverchand Bothara (effective Oct 1, 2025) and Mrs. Rupali Bothara (effective Sept 21, 2025) – both on completion of two consecutive 5-year terms as required under the Companies Act, with no other material reasons cited. The company also confirmed utilisation of Rs. 1,815.92 lakhs out of Rs. 1,965 lakhs raised via a May 2025 preferential issue.
Strong year-on-year jump in revenue and profit signals an operational recovery, but recurring auditor qualifications on GST, doubtful debts, and weak inventory systems remain red flags for investors. The exit of the two Independent Directors is routine (statutory tenure limit), not a governance concern, though the board will need to fill two independent director seats soon.