It is to be informed that Annexure B Statement of Deviation and Variation for proceed of preferential issue was inadvertently missed hence updated here as per requirement. There being no ....
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Awaiting price reaction for this filing.
Apt Packaging Ltd filed a clarification on August 3, 2025, acknowledging that it had inadvertently omitted required annexures from its August 1, 2025 board meeting outcome submission to BSE. The resubmission includes Q1 FY26 (quarter ended June 30, 2025) financial results showing total income of Rs. 476.09 lakhs and a marginal net profit of Rs. 0.98 lakhs (EPS Rs. 0.01), sharply lower than Rs. 16.40 lakhs profit in the year-ago quarter. The company also disclosed that Rs. 19.65 crores raised through a May 2025 preferential issue (85.6 lakh shares at Rs. 30 each, including a Rs. 20 premium) is being deployed, with a minor deviation of Rs. 109.34 lakhs over the approved allocation for debt repayment. The auditor issued a qualified review report flagging a Rs. 20.70 lakh GST liability under appeal, Rs. 11.45 lakh unprovided doubtful debts, manual FIFO stock valuation, and waived interest on unsecured loans. The board also appointed Suyog Machhar (promoter) and Vikas Tapdiya (independent) as additional directors effective August 1, 2025.
The filing is largely procedural (rectifying an omission) and is mildly negative on governance due to the qualified audit opinion and compliance lapse, while the Q1 results show very thin profitability. Retail investors should note the small-scale, auditor-flagged issues and the minor overshoot in preferential issue use, but there is no major shift in business outlook.