Q2 revenue growth, profit decline, CEO succession and Bhuj plant opening

CEO resignedKey managerial personnel resignedDirector resignedManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+3.3%Reaction day

₹66.03

prior close

₹68.01

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Packaging peers, median of 64sector+1.2%+2.1% vs sector

On the reaction day the stock moved 2.1 pts more than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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30m

+2.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.3pendingpending+1.2+2.1

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UpDownMarket · Nifty Microcap 250Sector · Packaging peers, median of 64Pending

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AI summary

September 2026 results were approved. Consolidated quarterly revenue rose 20 percent to Rs 149.50 crore, but profit after tax fell 44 percent to Rs 8.38 crore. Half-year revenue was Rs 272.90 crore and profit Rs 12.32 crore. CEO Jayesh Ashar resigns on November 30; director Mangesh Sarfare takes over as CEO and KMP from December 1 for two years. The Bhuj unit can make 150,000 IBCs a year and may add about Rs 100 crore annually.

Likely market impact

Revenue growth and new capacity are positive, but lower profit and the CEO handover may weigh on sentiment. The successor supports continuity.