The Board of Directors of Rajshree Polypack has approved the re-appointment of its promoter-managers for another five-year tenure, ensuring continuity in leadership for the plastic packaging firm. Ramswaroop Radheshyam Thard will resume his role as Managing Director effective October 15, 2026, while his brother, Naresh Radheshyam Thard, will be re-appointed as Joint Managing Director starting February 01, 2027. These appointments, recommended by the Nomination and Remuneration Committee, are subject to the approval of the company’s members at a general meeting.

In addition to the board-level appointments, the company appointed Shefali Mehto as Company Secretary and Compliance Officer, effective August 05, 2026. Mehto, an Associate Member of the Institute of Company Secretaries of India (ICSI), brings over three years of experience in corporate governance and regulatory compliance. The Board meeting concluded at 02:00 P.M. on August 05, 2026.

Leadership Tenures

The re-appointments align with the company’s long-term strategic oversight, with both promoters having been associated with Rajshree Polypack since its incorporation. The specific terms for the leadership roles are detailed below:

Both directors hold DIN numbers 02835505 and 03581790, respectively. Neither director is debarred from holding office by SEBI or any other authority, as confirmed under NSE circular NSE/CML/2018/24 dated June 20, 2018.

Regulatory Disclosures

The company made these disclosures in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Ramswaroop Radheshyam Thard, who holds a Bachelor's degree in Engineering from the University of Pune, has over 30 years of experience in the plastic packaging industry. He founded M/s. S. R. Plastics in 1996 and oversees sales, administration, and finance functions at Rajshree Polypack. Naresh Radheshyam Thard, who completed the first year of a Bachelor's degree in Commerce from the University of Mumbai, possesses over 29 years of industry experience and contributes technical expertise to the firm. The two brothers are the only related directors within the company’s board structure.

Rajshree Polypack Limited delivered its strongest financial performance in the first quarter of FY27, reporting record revenue and a significant surge in profitability. The company announced a 24.71% year-on-year rise in revenue from operations to ₹102.91 crore, while profit after tax (PAT) jumped 76.83% to ₹7.25 crore. This performance underscores the impact of recent capacity expansions and sustained demand across its core packaging segments.

The Board of Directors approved the unaudited consolidated and standalone financial results for the quarter ended June 30, 2026, on August 5, 2026. The results were subsequently filed with the National Stock Exchange of India Limited. The company’s statutory auditor relationship remains unchanged as per standard filing procedures, with no specific audit qualifications noted in the release.

Financial Performance Overview

Revenue from operations reached an all-time quarterly high of ₹102.91 crore in Q1FY27, compared to ₹82.52 crore in the same period last year. This growth outpaced the modest 0.74% YoY revenue growth recorded in the full fiscal year FY26. Operating efficiency improved alongside top-line growth, with operating EBITDA rising 42.63% YoY to ₹14.42 crore. Consequently, the operating EBITDA margin expanded to 14.01% from 12.25% in Q1FY26.

Total EBITDA stood at ₹16.52 crore, reflecting a 36.75% YoY increase and a margin of 16.05%, up from 14.64% in the prior year period. The bottom line saw even sharper improvement, with PAT growing from ₹4.10 crore to ₹7.25 crore, boosting the PAT margin to 7.04% from 4.97%. Earnings per share (EPS) rose 78.18% to ₹0.98.

Capacity Expansion and Operational Highlights

A key driver of this quarter’s performance was the addition of 1,000 MT to the injection moulding capacity, bringing the total to a new milestone of 5,800 MT. This represents a 5.8x increase since FY23. Additionally, sleeving capacity was enhanced from 1,275 lakh units per annum to 1,675 lakh units per annum, strengthening the company’s value-added packaging capabilities.

Export revenues demonstrated resilience, growing 30.1% YoY to ₹70.08 crore in FY26, indicating sustained international demand despite geopolitical uncertainties. The subsidiary, Olive Ecopack, also contributed positively, reporting an improved EBITDA margin of 26.77% in Q1FY27.

What the Numbers Show

The divergence between the sharp quarterly revenue growth (24.71%) and the flat full-year FY26 revenue growth (0.74%) suggests that the benefits of recent capacity expansions are only now materializing at scale. The simultaneous expansion in both operating EBITDA margins (14.01% vs 12.25%) and PAT margins (7.04% vs 4.97%) indicates that the revenue growth is not merely volume-driven but is accompanied by improved operational leverage and cost discipline. The significant jump in PAT relative to EBITDA growth may also reflect favorable other income or tax efficiencies, though the primary driver appears to be operational scaling.

Future Outlook

Ramswaroop Radheshyam Thard, Managing Director and Chairman, attributed the results to sustained customer demand, an improving product mix, and disciplined execution. He highlighted the upcoming commissioning of a ~1.9 MW captive wind-solar arrangement in October 2026. This project is expected to meet nearly 30% of the company’s energy requirements through renewable sources, generating annual savings of approximately ₹1.75 crore. The company continues to focus on diversifying its portfolio through Olive Ecopack’s paper-based food packaging solutions and expanding its presence in both domestic and export markets.