Shree Rama Multi-Tech Limited's Board of Directors, at its meeting held on May 9, 2026, approved the audited standalone financial results for the quarter and year ended March 31, 2026. The results were reviewed by the Audit Committee at its meeting held on the same date, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 11:00 a.m. and concluded at 01:40 p.m.

Q4 Operational Highlights

For the quarter ended March 31, 2026, Shree Rama Multi-Tech reported Q4 EBITDA of 89M rupees, declining from 108M rupees in the corresponding quarter of the previous year. The Q4 EBITDA margin contracted to 14.24% from 18.22% year-on-year. Q4 standalone net profit stood at 47M rupees versus 366M rupees in Q4 of the previous year, with the prior period figure significantly elevated by a deferred tax credit of Rs. 2,950.77 lakhs. Q4 revenue came in at 624M rupees compared to 591M rupees in the year-ago quarter, reflecting continued top-line growth even as profitability metrics faced pressure.

Quarterly Financial Performance

For the quarter ended March 31, 2026, total income was Rs. 6,258.97 lakhs compared to Rs. 5,935.58 lakhs in the corresponding quarter of the previous year. Revenue from operations for Q4 FY26 stood at Rs. 6,245.44 lakhs versus Rs. 5,916.52 lakhs in Q4 FY25. Profit before tax for the quarter was Rs. 638.99 lakhs against Rs. 708.86 lakhs in Q4 FY25. Net profit for Q4 FY26 was Rs. 471.54 lakhs, compared to Rs. 3,659.63 lakhs in Q4 FY25.

Full-Year Financial Performance

For the year ended March 31, 2026, Shree Rama Multi-Tech recorded a marked improvement in revenue, with total income rising to Rs. 24,346.78 lakhs from Rs. 20,850.78 lakhs in the previous year. Revenue from operations grew to Rs. 23,967.74 lakhs from Rs. 20,783.87 lakhs, driven primarily by higher sale of products at Rs. 23,816.51 lakhs versus Rs. 20,597.46 lakhs. Profit before tax for FY26 stood at Rs. 3,359.71 lakhs, compared to Rs. 2,183.80 lakhs in FY25. Net profit for FY26 was Rs. 2,476.23 lakhs against Rs. 5,134.57 lakhs in FY25, with the prior year figure significantly elevated by a deferred tax credit of Rs. 2,950.77 lakhs recognised in FY25.

Balance Sheet and Cash Flow Highlights

As at March 31, 2026, total assets stood at Rs. 22,785.80 lakhs compared to Rs. 21,417.69 lakhs as at March 31, 2025. Total equity increased to Rs. 17,753.13 lakhs from Rs. 15,317.84 lakhs, supported by other equity of Rs. 11,079.73 lakhs versus Rs. 8,644.44 lakhs in the prior year. Paid-up equity share capital remained unchanged at Rs. 6,673.40 lakhs (face value of Rs. 5/- each). On the liabilities side, total non-current liabilities declined to Rs. 1,646.08 lakhs from Rs. 2,249.58 lakhs, while total current liabilities also reduced to Rs. 3,386.59 lakhs from Rs. 3,850.27 lakhs.

For the year ended March 31, 2026, net cash flows from operating activities were Rs. 3,244.15 lakhs compared to Rs. 1,983.25 lakhs in the previous year. Net cash used in investing activities was Rs. 664.87 lakhs versus Rs. 4,673.22 lakhs in FY25, while net cash used in financing activities was Rs. 1,783.25 lakhs against net inflows of Rs. 2,515.23 lakhs in FY25. Cash and cash equivalents at the end of the year stood at Rs. 859.35 lakhs, up from Rs. 63.32 lakhs at the beginning of the year.

Audit Qualification and Key Notes

The statutory auditors, Mahendra N. Shah & Co., Chartered Accountants (FRN 105775W), issued a qualified opinion on the financial results. The qualification pertains to the non-consolidation of accounts of Shree Rama (Mauritius) Limited, the company's wholly owned subsidiary, as required under Section 129 of the Companies Act, 2013 and Ind AS 110. The subsidiary has been declared defunct under Mauritius law, its resident directors and key managerial personnel had resigned in 2005-06, and audited accounts from the year ended September 30, 2003 onwards could not be prepared. The company has made full provision for diminution in the value of its investment of Rs. 13.06 lakhs in equity shares and Rs. 18.60 lakhs in share application money in the subsidiary in earlier years. This qualification has been noted as repetitive.

Additionally, the company noted that the Government of India implemented four new Labour Codes effective November 21, 2025, consolidating 29 existing labour laws. As a result, the company made an additional provision of Rs. 70.04 lakhs towards past service cost, included under employee benefit expenses. The company operates in a single reportable segment — Manufacturing of Packaging Materials — in line with Ind AS 108. The financial results have been prepared in accordance with Ind AS as prescribed under Section 133 of the Companies Act, 2013.

Shree Rama Multi-Tech Limited has formally notified stock exchanges about its upcoming board meeting scheduled for May 9, 2026, to review and approve the company's audited financial results for the fourth quarter and full year ended March 31, 2026.

Board Meeting Details

The company filed the board meeting intimation on May 1, 2026, with both BSE Limited and National Stock Exchange of India Limited under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Window Restrictions

The company has maintained its trading window closure for insiders, which will continue until May 11, 2026. This restriction was initially communicated through an intimation letter dated March 27, 2026, and remains in effect as per the company's code of conduct for prohibition of insider trading.

Company Information

Shree Rama Multi-Tech Limited operates as an ISO 9001:2015 and ISO 15378:2017 (GMP) certified company with DMF Type III certification. The company is headquartered at Moti-Bhoyan, Kalol-Khatraj Road, Kalol, Gandhinagar, Gujarat.

The board meeting notification was signed by Company Secretary and Compliance Officer Mirtunjay S. Mishra, who holds membership number A76112. The company has requested both stock exchanges to take note of the scheduled board meeting and trading window restrictions.