Abril Paper Tech Limited concluded its Board of Directors meeting on March 20, 2026, announcing significant decisions regarding the company's manufacturing facility expansion plans. The meeting, held at their registered office in Surat, Gujarat, resulted in strategic changes to previously approved facility locations.

Board Meeting Outcomes

The board meeting, which commenced at 4:00 PM and concluded at 5:15 PM, addressed key business decisions affecting the company's operational expansion. The company formally communicated these decisions to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Facility Location Changes

The board made two critical decisions regarding manufacturing premises. The company decided not to execute the rent agreement for premises at Block no.9, Plot no.392 to 394, Shubham Textile Hub, Vill-Lindiad Ta-Mangrol Dis-Surat, Gujarat, which had been previously approved in the November 13, 2025 board meeting. Consequently, no additional manufacturing facility will be established at the Lindiad location.

New Manufacturing Facility Approval

The board approved the execution of a rent agreement for new premises situated at C-8 & C-9, Shivay Campus, Behind Heaven Party Plot, Puna-Valthan Canal Road, Kosamba, Surat-395013, Gujarat. The board further authorized the company to undertake permanent and temporary constructions, alterations, or modifications at the premises as required for business purposes. The company will establish its manufacturing facility at these new premises.

Corporate Governance and Communication

Vipul Karshanbhai Dobariya, serving as Chairman and Managing Director with DIN 10394570, digitally signed the official communication on March 20, 2026. The meeting notification and outcome were communicated to BSE Limited, demonstrating the company's commitment to transparent stakeholder communication and regulatory compliance.

Abril Paper Tech Limited, converted from partnership firm Abril International, maintains its registered office at 238/3, Shiva Industrial Estate, Jolva, Surat, Gujarat, while expanding its manufacturing capabilities through the newly approved Kosamba facility.

Abril Paper Tech Limited has informed the stock exchanges about receiving a GST demand intimation from tax authorities totaling ₹2,90,66,298 for alleged short payment of taxes across two financial years. The company disclosed this development under Regulation 30 of SEBI Listing Regulations on 23rd January, 2026.

GST Intimation Details

The company received intimation DRC-01A dated 22/01/2026 from the Directorate General of GST Intelligence Surat Zonal Unit on 22nd January, 2026 at 7:19 pm via email. The intimation pertains to tax ascertained as being payable under section 74(5)/74A(9) of the GST Act for FY 2023-24 and 2024-25.

Breakup of Tax Demand

The total demand of ₹2,90,66,298 comprises various GST components across two financial years:

Nature of Allegations

The GST authorities have alleged short payment of taxes due to application of lower tax rates. The intimation indicates that GST short paid/not paid along with interest and applicable penalty appears liable to be recovered from the company.

Company's Response

Abril Paper Tech has stated that based on its assessment, the demand is not maintainable. The company is currently evaluating the matter and will submit its reply within the prescribed time limit. Management has indicated that it does not envisage any relevant impact on the company's financials, operations, or other activities due to this demand.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company's scrip code is 544500 with ISIN INE15MX01014 and symbol ABRIL on BSE.