In terms of the provisions of Regulation 33 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at their meeting held today, ....
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Innovative Tech Pack Ltd reported FY2026 revenue of Rs 12,711.78 Lakhs, down 5.2% from Rs 13,409.53 Lakhs in FY2025. However, the company turned profitable with PAT of Rs 186.72 Lakhs compared to a loss of Rs 1.81 Lakhs in the previous year. EPS improved from Rs -0.01 to Rs 0.83. The auditor issued an unmodified (clean) opinion, but raised multiple 'Emphasis of Matter' points including: write-off of Rs 141.20 Lakhs debtors under NCLT litigation, Rs 651.47 Lakhs written off from Majestic Engineering (NCLT case), non-appointment of internal auditor for FY2025-26, and pending bonus payments of Rs 15.32 Lakhs from previous years. The company also paid Rs 94 Lakhs wages in cash instead of banking channels.
Positive turnaround from loss to profit, but significant governance concerns remain including non-appointment of internal auditor, pending trade receivable confirmations, and actuarial valuation gaps. Revenue decline of 5.2% is offset by cost control measures leading to profitability.