G K P Printing & Packaging has scheduled its eighth annual general meeting for September 29, 2026, to seek shareholder approval for the sale of its manufacturing unit in Vapi, Gujarat. The company aims to dispose of the asset for an aggregate value of up to ₹15 crore to fund working capital and redeploy resources at its primary Palghar facility.

The board approved the annual report for FY26 on September 5, 2026. The register of members and share transfer books will remain closed from September 22 to September 29, 2026. The meeting will be conducted via video conferencing or other audio-visual means.

Sale of Vapi Manufacturing Unit

The proposed sale involves four contiguous non-agricultural industrial plots in Radhamadhav Eco Industrial Park, Vapi, covering 4,016.54 sq. mtrs. The company acquired these plots in February 2022 for ₹1.18 crore as part of an expansion plan that has not progressed as envisaged due to subdued demand and elevated borrowing costs.

The Vapi Unit contributed less than 20% of the company’s total revenue in FY26. The board views the sale as a way to unlock value from an under-utilised asset without diluting equity. Funds will be used for working capital requirements and redeployment in existing operations.

The company will invite offers from all prospective buyers, including unrelated third parties and the promoter group. If sold to the promoter group, the transaction requires shareholder approval as a material related party transaction under Regulation 23(4) of the SEBI Listing Regulations. The consideration will not be lower than the higher of the independent valuer’s assessment or the Jantri value.

Director Appointments and Re-appointments

Shareholders will also vote on the following governance matters:

• Re-appointment of Mrs. Payal Keval Goradia: She retires by rotation and offers herself for re-appointment. She holds 89,44,611 equity shares (40.66%).
• Appointment of Mr. Naresh Anantrai Bhuva: He was appointed as an Additional Independent Director on September 4, 2026. Shareholders must approve his regularisation for a five-year term commencing from September 4, 2026. Mr. Bhuva brings over two decades of experience in corrugated boxes manufacturing and operations.

Corporate Governance Updates

M/s M. R. Bhatia & Co, Company Secretaries based in Ahmedabad, have been appointed as the scrutinizer for e-voting at the upcoming AGM. Keval Goradia, Managing Director, was authorized to determine materiality for stock exchange disclosures.

Remote e-voting will commence on September 25, 2026, and end on September 28, 2026. The cut-off date for determining voting rights is September 18, 2026.

G K P Printing & Packaging reported a net loss of ₹19.60 lakh for the quarter ended June 30, 2026, marking a significant downturn from the net profit of ₹7.57 lakh posted in the same period of FY25. The company’s revenue from operations increased by 13% year-on-year to ₹702.38 lakh, up from ₹621.47 lakh in Q1FY25. However, this top-line growth was offset by a sharper rise in operational expenses, leading to a reversal in profitability.

The Board of Directors approved the unaudited financial results during a meeting held on August 13, 2026. The statutory auditors, Keyur Shah & Associates, issued a limited review report with an unmodified opinion on the financial statements for the quarter.

Financial Performance

Revenue from operations climbed to ₹702.38 lakh in Q1FY26, compared to ₹621.47 lakh in the previous year’s corresponding quarter. Other income declined slightly to ₹5.74 lakh from ₹6.28 lakh. Total income for the quarter stood at ₹708.12 lakh.

Expenses surged to ₹727.49 lakh, up from ₹620.72 lakh in Q1FY25. Cost of materials consumed rose significantly to ₹370.12 lakh from ₹289.75 lakh, while purchase of stock-in-trade increased to ₹210.92 lakh from ₹168.01 lakh. Employee benefit expenses decreased marginally to ₹44.45 lakh from ₹47.77 lakh, and finance costs fell to ₹4.48 lakh from ₹8.27 lakh.

What the Numbers Show

The divergence between revenue growth and expense inflation highlights pressure on margins. While revenue grew by approximately 13%, total expenses jumped by nearly 17%. Specifically, the cost of materials consumed alone increased by over 27%, outpacing the revenue gain. This suggests that input cost pressures were not fully passed on to customers or absorbed through efficiency gains, directly impacting the bottom line and turning the quarter’s result into a loss despite higher sales volume or value.

Year-to-Date Context

For the year ended June 30, 2026, the company reported total income of ₹2,758.38 lakh against total expenses of ₹2,706.20 lakh, resulting in a net profit of ₹51.43 lakh. This indicates that the Q1FY26 loss was contained within a broader annual profitable trajectory, though the quarterly shift warrants monitoring for potential margin compression trends.

The company operates primarily in the manufacturing of corrugated boxes and trading of kraft paper, functioning under a single segment. No investor complaints were received or pending during the period.