This is to inform the Exchange that at the meeting of the Board of Directors of Encode Packaging India Limited held on Friday 30th May 2025 at 05.00 PM at D-82, Focal Point Extension Jalandhar ....
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Awaiting price reaction for this filing.
Encode Packaging India's board met on 30th May 2025 and approved the audited financial results for Q4 and full year ended 31st March 2025, along with the balance sheet and cash flow statement. The statutory auditor M/s Rishab Aggarwal & Associates issued an unmodified (clean) opinion on the results. The company also noted the resignation of Ms. Shagun Dewan from the post of Company Secretary and Compliance Officer with immediate effect due to personal reasons. Total assets stood at Rs. 343.67 lakhs versus Rs. 362.85 lakhs in the previous year, while cash and cash equivalents fell sharply from Rs. 40.11 lakhs to Rs. 7.86 lakhs and property, plant and equipment dropped from Rs. 110.53 lakhs to Rs. 6.92 lakhs. Trade receivables, however, nearly doubled from Rs. 101.83 lakhs to Rs. 204.29 lakhs.
The clean audit opinion is a positive for shareholders, indicating no major red flags in the financials. However, the sharp drop in cash balances, the dramatic decline in fixed assets, and a leadership gap with the Company Secretary's sudden resignation may raise governance and liquidity concerns worth watching. The detailed income statement figures were not clearly readable in the filing.