Mold-Tek Packaging Limited received a tax demand notice of ₹36,04,920 from the Income Tax Department for the Assessment Year 2021-22. The notice was issued under Section 156 of the Income Tax Act, 1961, and received on September 30, 2026.

The company disclosed this development to stock exchanges on October 1, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The demand relates to an order passed under Section 270A of the Income Tax Act, which pertains to penalties for underreporting or misreporting income.

Nature of the Demand

The Income Tax Department, Ministry of Finance, Government India, initiated this action. The company stated that there are no violations or contraventions of any provisions of the Income Tax Act, 1961 alleged against it in this specific instance. The demand is currently open for further submissions to the relevant authorities.

Mold-Tek is currently in the process of responding to the notice within the indicated timeframe. The company has not quantified the impact on its financial, operational, or other activities in monetary terms at this stage, citing the ongoing response process.

Disclosure Details

The following table summarizes the key details of the regulatory disclosure:

The disclosure was signed by J. Lakshmana Rao, Chairman and Managing Director, on behalf of the board.

Mold-Tek Technologies Limited has fixed October 9, 2026, as the record date for its proposed bonus issue. The board approved the date on September 28, 2026, following shareholder approval at the recent Annual General Meeting.

The company will issue one fully paid-up equity share of ₹2 each for every one existing equity share held. This corporate action capitalizes reserves from the Securities Premium Account and other permitted funds. The allotment is deemed to occur on October 12, 2026.

Bonus Issue Details

The bonus shares will rank pari-passu with existing equity shares in all respects. Shareholders whose names appear on the Register of Members as of the record date are eligible for the allotment.

AGM Resolutions and Governance Context

The bonus issue was one of ten resolutions approved by shareholders at the 29th Annual General Meeting held on September 21, 2026. The meeting also saw the approval of a final dividend of ₹3 per share and significant board restructuring measures.

Board Appointments and Restructuring

Shareholders approved changes to the board composition, including:

• Appointment of Mr. Vasant Kumar Roy Chintamaneni as Non-Executive Independent Director.
• Re-appointment of Mr. A. Subramanyam, who retired by rotation.
• Change in designation for Mr. Subramanyam Adivishnu to Technical Director (Whole-Time Director).
• Change in designation for Mr. P. Venkateswara Rao to Commercial Director (Whole-Time Director).
• Appointment of Mr. Rana Pratap Janumahanti as Director-Marketing and Strategy (Whole-Time Director).

The AGM also approved an increase in authorized capital and the alteration of the capital clause in the Memorandum of Association.

Voting Results Summary

The voting outcomes for key resolutions highlight a divergence between promoter support and institutional sentiment.

What the Numbers Show

While all resolutions passed, the voting patterns reveal significant institutional reservations regarding governance. The appointment of Mr. Chintamaneni Vasant Kumar Roy as Non-Executive Independent Director faced 20.55% total opposition, with institutions casting 95.37% of their votes against this specific resolution. Similarly, the remuneration for Chairman and Managing Director Lakshmana Rao Janumahanti received 6.03% votes against, driven primarily by institutional investors who voted against it with 27.97% opposition within their category. This suggests that while retail and non-institutional public shareholders largely aligned with management, institutional investors expressed significant reservations regarding executive compensation and board independence.