Raj Packaging Industries Ltd received a rejection of its Goods and Services Tax (GST) appeals for fiscal years 2022-23 and 2023-24 from the Appellate Authority in Telangana. The orders were passed on September 22, 2026, upholding demands raised by the Assistant Commissioner (ST), Aghapura Circle.

The company had filed appeals on July 19, 2025, under Section 107 of the CGST/TGST Act, 2017, to dispute the tax demands. The rejection signifies that the initial administrative review did not favor the company’s position regarding the assessed liabilities for these periods.

Management's stance on the rejection

Raj Packaging stated that it has reviewed the order and believes the Authority failed to duly consider all supporting documents, explanations, and relevant materials submitted during proceedings. The management asserts that the findings are not adequately supported by the applicable legal position.

The company maintains that the rejection does not conclusively determine the merits of the matter. It is currently exploring all available legal remedies to challenge the order before an appropriate higher appellate judicial forum.

Next steps and disclosure

Raj Packaging indicated that it will take further legal steps as advised after obtaining professional counsel. Any material developments will be disclosed to shareholders in accordance with regulatory requirements.

This intimation is filed under Regulation 30 of SEBI (LODR) Regulations, 2015, continuing previous disclosures regarding these litigation matters.

Raj Packaging Industries held its 39th Annual General Meeting on September 28, 2026. The meeting was conducted through Video Conferencing and Other Audio Visual Means (VC/OAVM) in compliance with regulatory guidelines.

Shareholders adopted the audited financial statements for the fiscal year ended March 31, 2026. This included the Balance Sheet, Statement of Profit & Loss, Cash Flow Statement, Auditors Report, and Board's Report. The proceedings were chaired by Managing Director Prem Chand Kankaria.

Key resolutions passed

The members approved several ordinary and special resolutions during the meeting. These included the re-appointment of a director retiring by rotation and the regularization of an independent director's appointment.

Governance and attendance

The meeting was attended by key management personnel and independent directors. The requisite quorum was present to transact the business as per the notice. Remote e-voting facilities were provided prior to the meeting, and electronic voting was available during the session.

Attendees and representatives

The following individuals participated in the meeting:

• Prem Chand Kankaria: Managing Director and Member of Audit Committee
• Neepa Kankaria: Executive Director
• Krishna Kumar Maheshwari: Independent Director and Member of Audit Committee
• Chandra Shekhar Agrawal: Independent Director and Member of Audit Committee
• M Narsimha: Chief Financial Officer
• Khushboo Joshi: Company Secretary and Compliance Officer

Statutory auditors from NAC & Associates LLP and secretarial auditors from Sayani & Associates were also present. Zoheb Sayani served as the scrutinizer for the voting process.

Meeting conclusion

The Company Secretary informed members that voting results would be submitted to the stock exchange upon receipt of the Scrutinizer's Report. Executive Director Neepa Kankaria thanked the attendees and declared the meeting closed at 11:48 am. The session commenced at 11:30 am.