Outcome of Board meeting held on 29th May, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Asia Pack Ltd reported audited financial results for FY2026 ending March 31, 2026. Total income declined to Rs 97.10 lakh from Rs 108.38 lakh in FY2025. Net profit dropped significantly to Rs 23.28 lakh from Rs 40.77 lakh in the previous year, a decline of about 43%. The company incurred a loss of Rs 3.14 lakh in Q4 FY26 compared to a profit of Rs 18.58 lakh in Q4 FY25. The Board approved appointment of Mr. Manish Kumar Kothari as new CEO, replacing Mr. Jitendra Purohit who left due to severe chronic illness. M/s Parikh Shah & Associates was appointed as internal auditor for FY2026-27. Statutory auditors issued an unmodified (clean) opinion on the financial statements.
The sharp decline in revenue and profitability, particularly the Q4 loss, combined with negative operating cash flow of Rs 37.71 lakh may concern investors. However, the clean auditor opinion and appointment of new professional CEO provide some stability. The CEO transition due to medical reasons is a management-level change but does not indicate fundamental business concerns.