Deccan Polypacks Limited appointed Mrs. Datla Sakuntala as the Chief Executive Officer (CEO) of the company effective June 29, 2026. She ceased to hold the office of Chief Financial Officer (CFO) consequent upon her elevation to the top executive role. The Board of Directors approved the personnel changes during its meeting held on June 29, 2026.

Mrs. Datla Sakuntala brings extensive experience in finance, corporate management, strategic planning, and business operations to her new role. Previously serving as the CFO, she played a significant role in the company's financial management and governance. As CEO, she will be responsible for the overall management and day-to-day affairs of the company.

The appointment was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI Master Circular. The Board resolved to entrust her with the overall management and day-to-day operations, exercising powers delegated by the Board.

Mrs. Datla Sakuntala is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority. The disclosures regarding her relationships with the Directors confirm she is the wife of Mr. Ramasurya Parmananda Raju Datla, Non-Executive Director, and the mother of Mr. Venkata Prudvi Raju Datla, Non-Executive Director.

Key Management Changes

Deccan Polypacks Limited reported a net loss of ₹35.81 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹90.52 lakh in the previous year, as operations remained discontinued. The company's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. The statutory auditors, GMK Associates, issued an unmodified opinion on the results, noting that the financial statements were prepared on a realizable value basis and that there was an absence of balance confirmations.

For the year ended March 31, 2026, the company reported total revenue of nil, down from ₹111.97 lakh in the prior year, which was entirely derived from other income in the discontinued operations. Total expenses increased to ₹35.81 lakh from ₹21.44 lakh in FY25, driven primarily by other expenses which rose to ₹32.64 lakh from ₹21.43 lakh. Employee benefit expenses for the year stood at ₹3.17 lakh, compared to nil in the previous year.

The basic and diluted earnings per share (EPS) for FY26 stood at -1.69, a decline from 4.28 in the previous year. For the quarter ended March 31, 2026, the company reported a net loss of ₹2.06 lakh, with an EPS of -0.10. The paid-up equity share capital remained unchanged at ₹211.50 lakh.

Financial Performance

The following table summarizes the standalone audited financial results for Deccan Polypacks Limited for the year ended March 31, 2026:

Balance Sheet Highlights

The company's balance sheet as of March 31, 2026, showed total assets of ₹4.88 lakh, a decrease from ₹14.41 lakh in the previous year. Cash and cash equivalents dropped significantly to ₹1.48 lakh from ₹11.00 lakh. Total equity stood at a negative ₹1,364.16 lakh, compared to a positive equity of ₹5.52 lakh in the prior year. Long-term borrowings surged to ₹1,367.87 lakh from ₹8.00 lakh, reflecting increased leverage during the year.

The auditors highlighted an emphasis of matter regarding the preparation of Ind AS financial statements on a realizable value basis and the absence of confirmation of balances. Despite these uncertainties, the auditors stated that the impact could not be determined and the opinion remained unmodified.