Board approves Q3 results, re-appoints MD and CEO for 3 years

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Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-2.2% vs market

Packaging peers, median of 62sector-0.2%-2.8% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 2.8 pts less than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Board approved Q3 FY26 results showing weakness. Standalone revenue at Rs 25,006 lacs, down from Rs 27,472 lacs YoY, with net loss of Rs 489 lacs versus profit of Rs 1,861 lacs. 9-month standalone net loss of Rs 395 lacs vs profit of Rs 2,488 lacs earlier. Consolidated Q3 net loss of Rs 1,241 lacs. Mr. Arvind Singhania re-appointed as MD and CEO and Mr. Pradeep Kumar Rustagi for 3 years from April 2026, subject to shareholder approval via postal ballot.

Likely market impact

Weak Q3 results with losses may pressure the stock. Re-appointments provide leadership continuity. Postal ballot result awaited.