Innovative Tech Pack Ltd scheduled its 37th Annual General Meeting (AGM) for Wednesday, September 30, 2026. The board also appointed M/s Neeraj Bajaj & Associates as the new secretarial auditor for a five-year term.

The meeting will be held at 9:00 am at the company's registered office in Sohna, Haryana. Shareholders on record as of Monday, September 23, 2026, are eligible to vote. The register of members and share transfer books will remain closed from September 24 to September 30, 2026.

E-Voting Details

E-voting will commence at 9:00 am on Sunday, September 27, 2026, and conclude at 5:00 pm on Tuesday, September 29, 2026. Shareholders holding shares in physical or dematerialized form as on the cut-off date of September 23, 2026, may cast their votes electronically during this period.

Auditor Appointments

The board approved the appointment of M/s Neeraj Bajaj & Associates as the secretarial auditor for five consecutive financial years, from FY27 to FY31. This resolution requires shareholder approval at the ensuing AGM. The firm replaces the outgoing secretarial auditor, whose resignation was noted by the board.

Additionally, Mr. Raghubeer Singh was appointed as the internal auditor for FY27, effective from September 2, 2026. This appointment aligns with requirements under the Companies Act, 2013, and SEBI Listing Regulations.

Key Details

Other Board Approvals

The board approved the Board Report for FY26 and took note of the Secretarial Audit Report for the financial year ended March 31, 2026. Mr. Vipin Chauhan, an advocate, was appointed as the scrutinizer for e-voting and poll votes at the forthcoming AGM.

The company confirmed that no dividend has been issued. Mrs. Pratibha Rao Ketineni retires by rotation and offers herself for reappointment as a director.

Innovative Tech Pack reported a standalone net loss of ₹78.37 lakh for the quarter ended June 30, 2026 (Q1FY26), marking a significant reversal from the ₹52.02 lakh profit recorded in the preceding quarter and a ₹131.83 lakh profit in Q1FY25.

Revenue from operations rose 10.3% year-on-year to ₹3,594.90 lakh, up from ₹3,258.25 lakh in the corresponding period of FY25. However, the top-line growth was insufficient to offset rising input costs and financial expenses, leading to a pre-tax loss for the period.

Financial Performance

The company’s total income stood at ₹3,606.11 lakh, driven primarily by operational revenue. Other income declined sharply to ₹11.21 lakh from ₹64.07 lakh in Q4FY26, partly due to lower gains on asset sales compared to the previous quarter.

Cost of materials consumed increased significantly to ₹2,735.40 lakh, up from ₹2,333.16 lakh in Q4FY26 and ₹2,137.10 lakh in Q1FY25. This rise in raw material costs was a primary driver of margin compression. Finance costs also surged to ₹90.93 lakh, compared to ₹63.26 lakh in Q1FY25, further pressuring profitability.

What the Numbers Show

A critical divergence is visible between revenue growth and cost management. While revenue grew by approximately 10% year-on-year, the cost of materials consumed rose by nearly 28% over the same period. This disparity indicates that input cost inflation outpaced pricing power or volume efficiency, directly eroding operating margins. Additionally, the decline in other income removed a minor buffer that had contributed to profits in prior quarters.

Auditor Observations

Mahesh Yadav & Co., the reviewing chartered accountants, issued an unqualified report with several emphases of matter:

• Cash wage payments: The company paid wages amounting to ₹16.10 lakh in cash to contract workers, citing limits under Provident Fund and ESI laws.
• Pending bonus: A bonus liability of ₹15.92 lakh pertaining to previous financial years remains unpaid as of June 30, 2026.
• Internal audit: No internal audit was conducted during the quarter, despite management stating an internal audit team exists.
• MSME payments: The company did not pay interest on delayed payments to MSME creditors, asserting that payments were made within agreed supply terms exceeding 45 days.

The Board of Directors approved the unaudited standalone financial results on August 13, 2026.