Amco India appointed Neeraj Gupta as an additional independent director on August 27, 2026. The board approved the five-year term during its meeting, pending shareholder ratification.

The appointment aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 2:00 pm and concluded at 3:20 pm on the same day.

Director Profile

Neeraj Gupta brings extensive experience in the real estate and corporate sectors. He holds a graduate degree from Delhi University and an MBA specializing in marketing from the University of Akron in Ohio, USA.

His professional background includes long-standing roles in corporate management, strategic oversight, and business operations. The disclosure notes his familiarity with governance, financial, and commercial matters.

Appointment Terms

The key details of the appointment are outlined below:

Gupta is not liable to retire by rotation. He affirmed that he is not debarred from holding the office of director by SEBI or any other authority, as required under BSE Circular no. LIST/COMP/14/2018-19 dated June 20, 2018.

The appointment remains provisional until approved by the company’s members.

Amco India returned to profitability in the first quarter of FY27, reporting a net profit of ₹94.34 lakh for the period ended June 30, 2026. This marks a significant turnaround from the net loss of ₹13.90 lakh posted in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹3,217.92 lakh, compared to ₹2,604.52 lakh in the same period last year, driven entirely by the Aluminium Foil segment.

The company's total income from operations increased to ₹3,248.70 lakh in Q1FY27, up from ₹2,635.02 lakh in the year-ago period. Expenses for the quarter totaled ₹3,121.21 lakh, a slight increase from the ₹2,648.92 lakh recorded in the corresponding three months of the previous year. Profit before exceptional items and tax for the quarter was reported at ₹127.49 lakh, a sharp improvement from the loss of ₹13.90 lakh in Q1FY26.

The Board of Directors approved the unaudited standalone financial results during a meeting held on July 22, 2026. The results were reviewed by the Audit Committee and are based on the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS 34). M/s. V. V Kale & Company, Statutory Auditors, provided the Limited Review Report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Segment-wise performance indicates that the entire revenue of ₹3,217.92 lakh was generated by the Aluminium Foil business, while the PVC Film/Sheeting segment reported no revenue for the quarter. The Aluminium Foil segment also contributed a profit of ₹116.42 lakh before other income and finance costs. Total capital employed by the company stood at ₹4,198.77 lakh as of June 30, 2026.

Earnings per share (EPS) for the quarter improved to ₹2.30 on a basic and diluted basis, compared to a loss of ₹0.34 per share in the same quarter of the previous year. The company confirmed that it does not have any subsidiary, associate, or joint venture companies for the respective period.

Financial Summary for Q1FY27