36th Annual report for the financial year 2024-25
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Innovative Tech Pack Limited filed its 36th Annual Report for the financial year ended March 31, 2025. Total income (sales and other income) fell to Rs 13,470.17 lakhs from Rs 14,339.32 lakhs in the previous year, a decline of about 6%. The company swung from a profit after tax of Rs 178.77 lakhs in FY24 to a marginal loss of Rs 1.81 lakhs in FY25. No dividend has been recommended, and the board cited 'inadequate profits' as the reason. The company is seeking shareholder approval to raise Managing Director Mr. Ketineni Satish Rao's monthly salary from Rs 3.5 lakh to Rs 6 lakh, framing it as part of a turnaround effort. Mr. Sridhar Das was appointed as Executive Director on January 24, 2025, and a new Secretarial Auditor (M/s Lalit Sharma & Associates) is proposed for a 5-year term. Auditors M/s Mahesh Yadav & Co continue, and no fraud or qualifications were reported.
The return to a loss (albeit a tiny one) and the skipped dividend are mildly negative for shareholders, though the loss is negligible in scale. The proposed hike in MD pay despite weak results and explicit mention of 'inadequate profits' could raise governance questions. Overall, expect limited stock-price reaction but watch for the September 30 AGM outcomes.