Intimation of Disclosures under regulation 30A for the appointment of Additional Director Mr. Suyog Machhar and Mr. Vikas Tapdiya respectively on the board pursuant to compliance of Listing ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Apt Packaging's board, which met on 1 August 2025, approved the unaudited standalone financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations rose sharply to Rs. 476.00 lakhs from Rs. 303.58 lakhs in Q1 FY25, but net profit slipped to Rs. 0.98 lakhs from Rs. 3.58 lakhs, and total comprehensive income fell to Rs. 1.87 lakhs vs Rs. 14.69 lakhs. The statutory auditor (Gautam N Associates) issued a qualified review opinion flagging four issues: unprovided GST liability of Rs. 20.70 lakhs (under appeal), doubtful debts of Rs. 11.45 lakhs not provided, manual stock valuation pending system implementation, and interest not booked on unsecured loans due to a waiver. The board also issued 5,50,000 equity shares at Rs. 30 each (Rs. 10 face + Rs. 20 premium) on a preferential basis, raising about Rs. 10.65 crores. Additionally, Mr. Suyog Machhar (promoter, Machhar family) and Mr. Vikas Tapdiya (Independent Director, also on Machhar Industries board) were appointed as Additional Directors, subject to shareholder approval at the upcoming AGM.
Mixed picture for shareholders — strong top-line growth but weaker bottom line and a qualified auditor's opinion raise governance and recovery concerns. The promoter family strengthening its board presence and a fresh Rs. 10.65 crore equity infusion may be viewed as a sign of commitment, but investors should watch resolution of the GST appeal and doubtful debts.