TCPL Packaging Limited has informed the Exchange regarding Appointment of Mr. S G Nanavati and Mr. Vidur Kanoria as Non- Executive Director of the company w.e.f. May 28, 2026.
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TCPL Packaging Limited held its Board meeting on May 28, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. Standalone revenue from operations grew to Rs. 1,73,615 lakhs from Rs. 1,69,638 lakhs in the previous year. However, standalone profit after tax declined to Rs. 9,718 lakhs from Rs. 14,127 lakhs, impacted by an exceptional charge of Rs. 1,352 lakhs due to new Labour Codes. The Board recommended a dividend of Rs. 25 per share (250%) for FY 2025-26, subject to shareholder approval at the 38th AGM on August 11, 2026. Mr. S G Nanavati (69, Chartered Accountant) and Mr. Vidur Kanoria (32, Business Administration graduate) were re-appointed as Executive Directors for 3-year terms from June 2026 and May 2026 respectively.
Profit decline due to Labour Code charges is a one-time hit, but revenue growth and strong dividend signal operational stability. The re-appointment of Mr. Vidur Kanoria, who belongs to the Kanoria promoter family, indicates continuity in family-led management.