Knack Packaging Limited has accepted the resignation of Saloni Ghanshyambhai Hurkat as its Company Secretary and Compliance Officer, effective July 24, 2026. The Ahmedabad-based manufacturer of PE/PP woven fabrics and bags disclosed the change in management under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Hurkat is stepping down to assume a new role within the broader Knack Group portfolio, marking an internal transition rather than a departure from the organization entirely.

The resignation was submitted by Hurkat on July 23, 2026, citing an ongoing leadership development process across the Knack Group's companies. Her tenure ends at the closure of business hours on July 24, 2026. The Board of Directors, represented by Whole-time Director Pravinkumar Ambalal Patel, accepted the resignation on the same day. This move ensures continuity in compliance oversight while allowing for internal career progression within the group.

Resignation Details

The filing provides specific details regarding the cessation of Hurkat's duties and the reasons behind the change. The company confirmed that a suitable candidate for the position of Company Secretary and Compliance Officer has been identified. The final appointment is subject to Board approval and will be made in due course.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para A, Part A of Schedule III of the SEBI Listing Regulations, 2015. The company also referenced SEBI Circular No. HO/CFD/CFD-PoD-2/P/CIR/2023/123 dated July 11, 2023, as last updated on January 30, 2026. The intimation was sent to both the Bombay Stock Exchange (Security Code: 544814) and the National Stock Exchange of India Ltd (Security Code: KNACK).

Hurkat expressed gratitude to the Board of Directors and management for their support during her tenure. The company stated that her relinquishment of all positions as Key Managerial Personnel is effective immediately upon the closure of business hours on the specified date. No further financial or operational impacts were disclosed in relation to this administrative change.

Knack Packaging Limited's board has approved taking on sub-lease of factory land and building and lease of plant and machineries from Dayana Polyplast Limited to enhance its manufacturing capacity. The decision, taken during a meeting held on July 15, 2026, will result in a capacity addition of 5,040 MT per annum. The company currently operates at an existing capacity utilization of 81.63% with a total capacity of 43,300 MT per annum.

The sub-lease involves factory land and building situated at Block No. 1688 (Old Block No. 273), Village Hajipur, Taluka Kalol, District Gandhinagar – 382721. The board also approved taking on lease the plant and machineries installed at the premises on mutually agreed commercial terms. The transaction is subject to obtaining the consent of the original lessor wherever applicable.

Capacity Expansion Details

The expansion will be executed immediately upon the execution of agreements and receipt of necessary approvals, including the consent of the original lessor. The company stated that no capital expenditure will be incurred towards the acquisition of land, building, or plant and machinery. Costs will be limited to lease rentals, security deposits, and installation, commissioning, and refurbishment expenses.

The board authorized Mr. Alpesh Patel, Chairman & Managing Director, and Mr. Rashmin Patel and Mr. Pravin Patel, Whole-time Directors, to negotiate, finalize, and execute the necessary agreements. The rationale behind the expansion includes meeting increasing customer demand, improving operational efficiency, and strengthening market presence without significant capital expenditure.