Mr. NSK Aakarsh Raj has resigned as Whole-time Director of Bandaram Pharma Packtech Limited effective June 5, 2026. The resignation, tendered due to other professional and personal reasons, was accepted by the Board and is effective immediately.

The disclosure was made to BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there are no material reasons for the resignation other than those stated in the letter.

Details of Resignation

The company provided the following specifics regarding the change in its filing:

Deepak Bandaram, Chairman and Managing Director, signed the regulatory disclosure submitted to the exchange. The company has requested that necessary forms be submitted to the Registrar of Companies and the Stock Exchange to record the change.

Bandaram Pharma Packtech Limited reported a consolidated net profit of ₹44.81 lakh for the financial year ended March 31, 2026, while its standalone operations recorded a net loss of ₹115.91 lakh for the same period. The company's board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. The statutory auditors, M/s. M.M. Reddy & Co., issued an unmodified opinion on the standalone financial results but provided a modified opinion on the consolidated results, citing significant accounting irregularities at subsidiary VSR Paper and Packaging Limited.

The subsidiary recorded purchase and sale transactions with certain parties through the same ledger accounts, resulting in the netting off of trade receivables and payables. The auditors noted that management provided inadequate supporting documentation to establish the commercial substance of this treatment or the legal right of set-off for certain adjustments. Consequently, the auditors stated they were unable to obtain sufficient appropriate audit evidence regarding the completeness and accuracy of the adjusted trade receivables and payables, the validity of underlying transactions, and the consequential impact on the consolidated financial statements.

Financial Performance

For the full year FY26, the company reported a consolidated total income of ₹6,294.12 lakh, compared to ₹3,705.77 lakh in the previous year. On a standalone basis, total income stood at ₹1,096.82 lakh, down from ₹1,232.22 lakh in FY25. The consolidated figures include the financials of subsidiaries VSR Paper and Packaging Limited and Craftsmart Products Private Limited.

Key Financials (FY26)

Auditor Observations

The auditors highlighted that sundry debtors and creditors amounting to ₹1,240.80 lakh were adjusted by offsetting with various parties in the subsidiary's books. Consequently, the auditors could not determine whether adjustments were necessary to the reported consolidated profit of ₹44.13 lakh or total assets of ₹7,586.25 lakh. The management stated that it has taken note of the auditors' opinion and will take necessary actions subsequently.

Board Decisions

Alongside the results, the board appointed M/s. MGR & Co., Chartered Accountants, as internal auditors for the financial year 2026-27. The company confirmed that the financial statements were prepared in compliance with Regulation 33 of the SEBI (LODR) Regulations, 2015, and Indian Accounting Standards.