UFLEX Limited has informed the Exchange regarding Re-appointment of Mr. Paresh Nath Sharma as Non- Executive Independent Director of the company w.e.f. February 11, 2027.
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UFLEX Limited's Board approved audited financial results for Q4 and FY2026 ended March 31, 2026. Consolidated net profit more than doubled to Rs. 31,696 lakhs from Rs. 14,236 lakhs in FY2025, driven by strong performance in flexible packaging segment. Standalone net profit stood at Rs. 14,802 lakhs vs Rs. 21,445 lakhs in prior year. The Board recommended a dividend of Rs. 3 per equity share (30%) for FY2026, payable by August 27, 2026. The 37th AGM will be held on July 29, 2026. Additionally, the Board approved the re-appointment of Mr. Paresh Nath Sharma as Non-Executive Independent Director for a second term of 5 years from February 11, 2027 to February 10, 2032, subject to shareholder approval. Auditors issued unmodified opinions on the financial results. An emphasis of matter note highlights pending income tax demands and ongoing ITAT proceedings related to search proceedings conducted in February 2023.
Strong consolidated profit growth is positive for shareholders. The dividend and upcoming AGM provide near-term catalysts. The pending tax dispute creates some uncertainty but management believes it has a strong case.