Encode Packaging narrows FY26 loss to ₹0.03 lakh

Encode Packaging India Limited narrowed its net loss to ₹0.03 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹7.18 lakh in the previous fiscal year. 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 meeting was conducted pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company recorded zero income from operations for both the quarter and the year ended March 31, 2026. Total income from operations for the year stood at ₹0.00 lakh, down from ₹0.28 lakh in the previous year. Total expenses for the year were reported at -₹0.03 lakh, a significant decrease from ₹7.46 lakh in the prior year. The basic and diluted earnings per share (EPS) for the year remained at 0.00, compared to -₹0.23 in the previous year.

Balance Sheet and Cash Flows

The company's total assets as of March 31, 2026, were ₹343.64 lakh, slightly lower than ₹343.67 lakh in the previous year. Trade receivables remained constant at ₹204.29 lakh, while cash and cash equivalents decreased marginally to ₹7.83 lakh from ₹7.86 lakh. Net cash flow from operating activities for the year was -₹0.03 lakh, compared to -₹135.85 lakh in the previous year.

Regulatory and Auditor Details

The statutory auditors, M/s B B Gusani & Associates Chartered Accountants, issued an unmodified opinion on the audited standalone financial results. The company operates in a single segment, Packaging. The trading window for dealing in the company's securities remains closed for designated persons and connected persons from April 1, 2026, to June 1, 2026.

Financial Metrics (₹ in Lakhs)	Year Ended 31.03.26	Year Ended 31.03.25
Net Sales / Income from operations	0.00	0.28
Total Expenses	-0.03	7.46
Net Profit / (Loss) for the period	-0.03	-7.18
Basic Earnings Per Share	0.00	-0.23

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-15.58%	-10.21%	-10.49%	-6.69%	+28.00%

Encode Packaging India Limited has appointed M/s B B Gusani & Associates as its statutory auditor to fill a casual vacancy. The decision was taken by the Board of Directors during a meeting held on May 23, 2026. The appointment is effective immediately and is subject to the approval of shareholders in the forthcoming General Meeting.

The vacancy arose due to the resignation of the previous auditors, M/s Rishab Aggarwal & Associates. The new firm will conduct the audit for the financial year ending March 31, 2026. The Board meeting, which commenced at 11:00 AM and concluded at 11:30 AM, also reviewed the necessary disclosures required under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Appointment Details

The following table outlines the key particulars regarding the change in auditors:

Particulars	Details
Name of Company	Encode Packaging India Limited
Name of the Auditors	M/s B B Gusani & Associates, Chartered Accountants (FRN: 140785W)
Reason for change	Appointment to fill the Casual Vacancy arises due to resignation of the previous auditors.
Date of appointment	23.05.2026
Term of Appointment	Appointment by Board of Directors to conduct the audit for 31st March 2026 and the appointment shall also be approved by the Company at forthcoming General Meeting.
Brief Profile	Chartered Accountant having experience in finance and Accounting Finance operations inclusive of financial Planning, Project financing, budgeting, accounting systems, auditing and taxation
Disclosure Of Relationship Between Directors	No Relation

The company has informed the Bombay Stock Exchange Limited regarding this appointment. The new auditor brings experience in financial planning, project financing, budgeting, accounting systems, auditing, and taxation. There is no relationship between the directors of the company and the newly appointed auditor.