Raj Packaging Industries Limited raj packaging industries reported a significant improvement in profitability for the first quarter of FY26, with net profit after tax rising to ₹78.59 lakh compared to ₹11.84 lakh in Q1FY25. Revenue from operations grew by 53% year-on-year to ₹1,384.37 lakh, up from ₹902.29 lakh in the same period last fiscal.

The Hyderabad-based manufacturer of multilayer co-extruded barrier and non-barrier plastic films also saw its earnings per share (EPS) jump to ₹1.72 from ₹0.26 in the previous year’s corresponding quarter. The Board of Directors approved these unaudited financial results during a meeting held on August 14, 2026, following a limited review by statutory auditors NAC and Associates LLP.

Financial Performance

The company’s total income for the quarter stood at ₹1,384.83 lakh, driven primarily by operational revenue rather than other income, which remained negligible at ₹0.46 lakh. Total expenses were recorded at ₹1,279.32 lakh, including cost of materials consumed at ₹1,035.13 lakh and employee benefits expense at ₹55.88 lakh.

For the full year FY25, the company had reported revenue of ₹3,278.62 lakh and a net profit of ₹34.97 lakh. The current quarter’s performance marks a notable acceleration in profitability compared to the prior year’s baseline.

What the Numbers Show

A key observation from the filing is the disproportionate growth in pre-tax profits relative to revenue. While revenue grew by approximately 53%, profit before tax surged by over 560%. This divergence suggests improved operational leverage or margin expansion in the quarter, as fixed costs such as depreciation (₹13.59 lakh) and employee benefits (₹55.88 lakh) remained relatively stable or grew at a slower pace than top-line revenue. Finance costs also decreased slightly to ₹9.69 lakh from ₹11.46 lakh in Q1FY25, contributing to the bottom-line expansion.

Corporate Governance Updates

Alongside the financial results, the Board approved several administrative changes:

• Remuneration Revision: The managerial remuneration of Ms. Neepa Kankaria, Whole-Time Director, was increased from ₹2,10,000 per month to ₹2,60,000 per month, effective August 1, 2026. This revision is subject to shareholder approval at the upcoming Annual General Meeting (AGM).
• New Appointment: Ms. Khushboo Joshi was appointed as the Company Secretary and Compliance Officer with effect from August 14, 2026. She brings over 13 years of corporate experience and holds qualifications including Associate Company Secretary and an MBA in Human Resources.

The company has scheduled its 39th AGM for September 28, 2026, to be conducted through Video Conferencing or Other Audio-Visual Means (OAVM). Detailed notices will be issued in due course.

Raj Packaging Industries has accepted the resignation of Ms. Swarupa Rani Kamarapu from her positions as Company Secretary and Compliance Officer, effective August 1, 2026. The Hyderabad-based manufacturer of multilayer co-extruded barrier and non-barrier plastic films disclosed the change in key managerial personnel to the Bombay Stock Exchange on August 1, 2026, citing career advancement as the primary driver for her exit.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. Prem Chand Kankaria, Managing Director of Raj Packaging Industries Limited, signed the intimation letter submitted to the Corporate Relations Department of BSE Limited.

Ms. Swarupa Rani Kamarapu, who holds ICSI Membership Number A73047 and eCSIN Number RA073047F000089569, tendered her resignation via a letter dated August 1, 2026. In her resignation letter addressed to the Board of Directors, she confirmed that there are no material reasons for her departure other than those explicitly stated. The Board accepted her resignation on August 11, 2026.

Key Details of Resignation

Ms. Kamarapu thanked the Board of Directors and management for their support and guidance during her tenure. She requested the company to initiate necessary statutory filings under the Companies Act, 2013, and other applicable laws following her exit.

What This Means for Governance

The departure of a Company Secretary and Compliance Officer requires immediate attention to ensure continuity in regulatory compliance and corporate governance functions. Raj Packaging Industries Limited must appoint a successor to fulfill the mandatory requirement for a whole-time Company Secretary as per the Companies Act, 2013, given its paid-up share capital status. The absence of any cited material differences suggests an amicable separation, minimizing potential disruption to ongoing compliance processes.