Duro Pack posted revenue from operations of ₹3,986.33 lakh for FY26, up 21% from ₹3,282.51 lakh in FY25, even as net profit after tax fell to ₹184.80 lakh from ₹239.55 lakh.

The company submitted its Annual Report for FY26 to BSE Limited on September 4, 2026, pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report covers audited financial statements for the year ended March 31, 2026, and forms part of the notice for the 38th Annual General Meeting scheduled for September 29, 2026.

Financial performance

The following table summarises the company's key financial results for FY26 compared to FY25.

Total income rose to ₹3,993.32 lakh from ₹3,405.82 lakh. However, other income declined sharply to ₹6.99 lakh from ₹123.31 lakh, the prior year having included a ₹113.87 lakh profit on sale of mutual funds. Profit before tax fell to ₹257.56 lakh from ₹312.60 lakh, and profit after tax declined to ₹184.80 lakh from ₹239.55 lakh. Total expenses rose to ₹3,735.76 lakh from ₹3,093.22 lakh, driven by higher material costs of ₹2,640.50 lakh and employee benefit expenses of ₹439.09 lakh. The board decided not to declare any dividend for FY26, carrying forward the entire profit to augment financial resources.

What the numbers show

The 21% rise in revenue from operations reflects stronger product sales, with plastic bags contributing ₹2,977.66 lakh and laminated films ₹619.81 lakh to total product sales of ₹3,900.53 lakh. The decline in net profit is largely attributable to the absence of the one-time mutual fund sale gain that boosted other income in FY25, alongside higher raw material and operating costs. The net profit ratio contracted to 4.64% from 7.30% in FY25, and return on equity fell to 8.65% from 12.35%, both reflecting the combined effect of lower absolute profit and higher net sales.

Balance sheet highlights

The company remains debt-free, with no borrowings reported. Net cash from operating activities improved to ₹269.07 lakh from ₹123.96 lakh. Capital expenditure during the year stood at ₹224.95 lakh, including additions to plant and machinery of ₹166.61 lakh and vehicles of ₹33.90 lakh. The company commissioned a 602 KW solar plant during the year, expected to save ₹50 lakh annually in energy costs.

AGM and governance

The 38th AGM agenda includes adoption of audited financial statements for the year ended March 31, 2026, and the reappointment of Mr. Vivek Jain (DIN: 01753065) as a director, who retires by rotation. Mr. Jain, aged 62, serves as Managing Director with approximately 37 years of experience in the packaging industry. He holds 9,46,990 equity shares in the company and drew remuneration of ₹39 lakh per annum. He attended all 5 board meetings held during the year.

The board as on March 31, 2026 comprised five members: Mr. Vivek Jain (Managing Director), Mr. Vineet Jain (Whole-time Director and CFO), Ms. Atula Jain (Director), Mr. Udai Nath Piplani (Independent Director), and Mr. Shekhar Singal (Independent Director). During the year, Mr. Anil Kumar Rustogi resigned as Company Secretary with effect from November 13, 2025, and Mr. Aman Pal (Membership No. A78414) was appointed in his place with effect from November 14, 2025.

Statutory audit was conducted by M/s PVSP & Co., Chartered Accountants (FRN: 008940N), appointed for five years from the conclusion of the 34th AGM to the conclusion of the 39th AGM. Secretarial audit was conducted by M/s DR Associates, Company Secretaries, for FY26. Both audits returned clean opinions with no instances of fraud reported. The company's issued equity share capital remained unchanged at ₹527.22 lakh, comprising 52,72,200 equity shares of ₹10 each.

Duro Pack Limited has re-appointed M/s Akhilesh Agarwal & Associates as its internal auditor for the financial year 2026-27. The Board of Directors approved the move on September 2, 2026.

The appointment follows a recommendation from the company’s Audit Committee. It aligns with Section 138 of the Companies Act, 2013 and Rule 13 of the Companies (Accounts) Rules, 2014.

Regulatory Compliance

The re-appointment is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also adheres to Part A of Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

Auditor Profile

M/s Akhilesh Agarwal & Associates is a firm of Chartered Accountants based in New Delhi. The firm specializes in quality auditing, assurance, and taxation. It has provided consent to act as the internal auditor and meets the eligibility criteria under the Companies Act, 2013.

The remuneration for the engagement will be determined by the Board based on the Audit Committee’s recommendation.