Duropack Limited has submitted the consolidated voting results and scrutinizer report for its 38th Annual General Meeting, held on September 29, 2026. All proposed resolutions were passed with the requisite majority through remote e-voting and e-voting during the meeting.

Meeting proceedings and attendance

The meeting commenced at 11:00 am and concluded at 11:35 am via video conferencing. Managing Director Vivek Jain chaired the session, confirming the presence of the requisite quorum. The Board members present included:

Special invitees included Statutory Auditor Vinod Ralhan and Practicing Company Secretary Deepak Gupta, who served as the scrutinizer. Company Secretary Aman Pal facilitated the proceedings. Since the AGM was conducted through video conferencing, proxy facilities were not available for this meeting.

Financial overview and audit status

During his address, Chairman Vivek Jain presented a summary of the financial results for FY26. He explicitly stated that there were no qualifications, reservations, or adverse remarks in the Auditors' Report on the Financial Statements. Similarly, the Secretarial Audit Report attached to the Annual Report contained no qualifications. These reports were taken as read by the members present.

Voting results and resolutions

Pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed the detailed voting outcomes. The total number of shareholders as on the record date (September 22, 2026) was 5,231. A total of 54 shareholders attended the meeting through video conferencing, comprising 12 from the promoter group and 42 from the public.

The following resolutions were passed:

Detailed vote breakdown

For both Agenda Item 1 (Financial Statements) and Agenda Item 2 (Director Re-appointment), the voting pattern was identical:

The promoter group holds 3,684,341 shares, while public non-institutional shareholders holding 1,587,859 shares participated in the voting. The overall turnout represented 69.39% of the outstanding shares polled.

Scrutinizer report details

Mr. Deepak Gupta of DR Associates was appointed as the scrutinizer. The remote e-voting platform, provided by National Securities Depository Limited (NSDL), was open from September 26, 2026, at 9:00 am until September 28, 2026, at 5:00 pm. Members participating in the AGM via video conferencing who had not voted remotely were also provided e-voting facilities during the live session.

The consolidated results were unblocked and downloaded in the presence of two witnesses on September 29, 2026. The report confirms that the voting process was conducted in a fair and transparent manner. The final results have been submitted to stock exchanges for record.

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.