Pursuant to Regulation 30 and 33 of the SEBI [LODR) Regulations 2015, as amended from time to time, please note that the Board of Directors of the company in its meeting held today Thursday, ....
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Technopack Polymers' board, meeting on May 29, 2025, approved the audited financial results for the half-year and full year ended March 31, 2025, along with an unmodified (clean) audit opinion from statutory auditor Karia & Associates. The board also appointed M/s. G R Shah & Associates as Secretarial Auditor and M/s. Padaliya & Associates as Internal Auditor for FY24-25. The company, which makes PET preforms and HDPE beverage caps, had earlier allotted 54,00,000 bonus shares in a 1:1 ratio on January 29, 2025, doubling paid-up capital from ₹5.40 crore to ₹10.80 crore. IPO funds of ₹786.50 lakhs have been fully utilised as per the original objects with no deviation, as confirmed by the auditor. The auditor flagged an Emphasis of Matter about the third-party accounting software (PROFITNx) where audit trail verification at the database level could not be independently confirmed.
Clean audit opinion with no deviation in IPO fund use is a positive signal for shareholders. The 1:1 bonus issue effectively doubles share count, which can improve liquidity but dilutes per-share metrics (EPS has been restated accordingly). Investors should track post-bonus per-share earnings and watch the software-related audit trail disclosure flagged in the Emphasis of Matter.