Intimation under Regualtion 30 (LODR) about Resignation of Mr. Jainam Prashant Dholakia as Director of the Company.
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Kahan Packaging's Board, at its May 16, 2025 meeting, approved the audited standalone financial results for FY ended March 31, 2025. Total revenue rose to Rs. 2,852.38 lakhs from Rs. 2,475.84 lakhs in FY24 (about 15% growth), while net profit increased to Rs. 112.10 lakhs from Rs. 100.22 lakhs. EPS dipped to Rs. 4.12 (from Rs. 4.59), partly due to an expanded equity base, and the Board did not recommend any dividend, choosing to retain profits. In a separate decision, Mr. Jainam Prashant Dholakia (DIN 10343866), Executive Director and son of Managing Director Prashant Dholakia, resigned citing personal and unavoidable circumstances, effective immediately. The Board also deferred the appointment of a new statutory auditor (to replace M/s. Dhanesh Amritlal And Associates, whose term expires at the upcoming AGM) to a future date.
Steady revenue and profit growth along with a clean audit opinion are positives, but the per-share earnings decline and an unexplained auditor selection delay may draw scrutiny. The exit of a promoter-family Executive Director is a KMP-level change that shareholders should monitor, though the Managing Director remains in place and day-to-day operations are not expected to be affected.