Worth Peripherals Limited reported a significant rise in profitability for the quarter ended June 30, 2026, with standalone net profit after tax (PAT) increasing 49% year-on-year to ₹5.53 crore from ₹3.70 crore in Q1FY26. Consolidated PAT rose to ₹5.26 crore, compared to ₹4.34 crore in the prior year period. The financial improvement coincides with strategic operational expansions, including the commencement of commercial production at its wholly owned subsidiary, Worth Wellness Private Limited, and substantial capital restructuring involving loan conversions and new credit facilities.

The Board of Directors approved the unaudited financial results on August 4, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors Maheshwari & Gupta Chartered Accountants. The company identified "Manufacture and Sale of Corrugated Boxes" as its single operating segment under Ind AS-108.

Financial Performance

Standalone revenue from operations grew 7% year-on-year to ₹55.81 crore in Q1FY27, up from ₹52.13 crore in Q1FY26. Total income stood at ₹58.39 crore, including other income of ₹2.58 crore. Total expenses increased to ₹51.28 crore, primarily driven by higher cost of materials consumed at ₹39.60 crore. Profit before tax rose to ₹7.11 crore from ₹4.69 crore in the previous year.

Consolidated revenue from operations expanded to ₹82.00 crore, a 7.6% increase from ₹76.23 crore in Q1FY26. Consolidated total income reached ₹82.31 crore. Total expenses were ₹74.32 crore, leading to a profit before tax of ₹7.99 crore. The consolidated net profit attributable to owners of the company was ₹4.17 crore.

Subsidiary Expansion and Capital Restructuring

The Board announced that Worth Wellness Private Limited commenced commercial production at its Indore manufacturing facility on August 1, 2026. The state-of-the-art corrugated packaging plant aims to enhance operational efficiency and product quality. The subsidiary also plans to install a solar power plant to reduce carbon footprint and dependence on conventional energy sources.

In a related capital move, Worth Peripherals Limited acquired 60 lakh equity shares of Worth Wellness Private Limited at an issue price of ₹50 per share, aggregating to ₹30 crore. This transaction involved the conversion of an outstanding unsecured loan into equity shares, executed on an arm’s length basis as per valuation reports. The conversion was completed on August 4, 2026.

Additionally, the Board approved an inter-corporate loan of ₹20 crore to Worth Wellness Private Limited to meet daily business funding requirements. The unsecured loan carries interest at prevailing three-year RBI yield rates and has a tenure of three years. The Company retains the option to convert part or all of this loan into equity shares subject to shareholder approval. As of the disclosure date, the total outstanding amount lent to the subsidiary stood at ₹49.5 crore.

Corporate Governance Updates

The Board appointed M/s. RS Mantri And Associates as the Secretarial Auditor for a term of five consecutive years, commencing from the conclusion of the ensuing Annual General Meeting until the 35th AGM in 2031. This appointment is subject to shareholder approval pursuant to Section 204 of the Companies Act, 2013 and Regulation 24A of SEBI LODR Regulations, 2015.

What the Numbers Show

The divergence between standalone and consolidated performance highlights the impact of the subsidiary structure. While standalone profits surged nearly 50%, consolidated growth was more moderate at approximately 21%. This suggests that the parent entity’s core operations are driving margin expansion, while the consolidated figures may still be absorbing initial setup or scaling costs associated with the newly operational Worth Wellness facility. The aggressive capital injection via loan conversion (₹30 crore) and new lending (₹20 crore) indicates management’s confidence in the subsidiary’s future cash flows, despite it reporting zero turnover in the preceding three fiscal years.

Worth Peripherals Limited has appointed M/s RS Mantri & Associates as its Secretarial Auditor effective July 6, 2026, to fill the casual vacancy created by the resignation of the previous auditor. The appointment, approved by the Board based on the Audit Committee's recommendation, is valid for the conduct of the Secretarial Audit for the Financial Year 2025–26 and will remain in force until the conclusion of the next Annual General Meeting.

The company informed the exchanges that M/s Vatsalya Sharma & Co., Practicing Company Secretaries, tendered its resignation with immediate effect via a letter dated July 06, 2026, due to personal reasons. The outgoing auditor confirmed there were no material reasons for the resignation beyond those stated and that no circumstances exist that would materially affect stakeholder interests.

M/s RS Mantri & Associates, a Peer Reviewed Firm of Practicing Company Secretaries, will undertake the audit responsibilities. The firm operates through its proprietor, Ms. Surabhi Rathi Mantri (Membership No. A41830), and brings over six years of experience in corporate law, incorporation, and compliance of foreign companies.

The disclosures were made to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting to approve the appointment commenced at 5:00 p.m. and concluded at 5:15 p.m. on July 6, 2026.

Details of Appointment