Spinaroo Commercial Limited (SCL), a company listed on the BSE with scrip code 544392, has announced a significant investment in its sister company, Spino Poly Products Private Limited (SPPPL). The Board of Directors of SCL approved an investment of up to 15% shareholding or Rs. 2.00 crore in SPPPL at Rs. 65.00 per share.

Investment Details

The investment decision was made during a board meeting held on September 15, 2025. The transaction is structured as a cash deal and is expected to be completed within one month. This related party transaction has been approved by both the Audit Committee and the Board of Directors, confirming that it was conducted on an arm's length basis through equity share subscription based on an independent valuation.

About Spino Poly Products

Spino Poly Products Private Limited, incorporated on December 29, 2020, is a manufacturer of premium thin-walled plastic containers and paper plate raw materials. The company operates 23 injection moulding machines and 2 roto gravure printing machines from its strategically located factory near Bagnan on the Kolkata-Bombay highway.

Financial Performance

According to the latest available financial data, SPPPL reported the following figures for the fiscal year ending March 31, 2025:

It's worth noting that SPPPL has shown a fluctuating turnover over the past three years:

Investment Rationale

The primary objective of this investment, as stated by Spinaroo Commercial Limited, is to support general business requirements and business activities of Spino Poly Products. SCL noted that while SPPPL currently has sufficient capital adequacy and liquidity to meet existing liabilities, the capital infusion will help in meeting future business needs.

Industry Context

Spino Poly Products operates in the paper and packaging products industry, manufacturing paper disposables and other packaging products. The company has established a strong presence in the region, with a diverse portfolio of clients and a network of vendors.

Regulatory Compliance

The investment details have been disclosed in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

This strategic investment by Spinaroo Commercial Limited in its sister company Spino Poly Products Private Limited represents a significant move in the paper and packaging industry, potentially strengthening both companies' positions in the market.

Spinaroo Commercial Limited , a prominent player in the printing industry, has announced significant developments that are set to shape its future operations and governance structure.

Expansion of Printing Capacity

The company has made a strategic move to enhance its production capabilities by purchasing a new flexo printing machine. This state-of-the-art equipment is expected to increase Spinaroo's installed printing capacity by 200.00 metric tonnes per month. The expansion comes in anticipation of growing market demand, positioning the company to better serve its customers and potentially capture a larger market share.

Leadership Changes

Spinaroo Commercial Limited has also announced several key changes in its leadership and compliance roles:

Company Secretary Transition

Mrs. Ankita Periwal has stepped down from her position as Company Secretary and Compliance Officer, effective July 25, 2025. The company has appointed Mrs. Megha Khanna as her successor, commencing on the same date. Mrs. Khanna brings valuable experience to the role, being a Fellow Member of the Institute of Company Secretaries of India with expertise in secretarial and legal matters, including corporate laws and SEBI regulations.

Secretarial Auditor Appointment

The Board has appointed Ms. Harsha Pugalia as the Secretarial Auditor for a five-year term, spanning from Financial Year 2025-26 to 2029-30. This appointment is subject to shareholder approval at the upcoming Annual General Meeting. Ms. Pugalia, a peer-reviewed Practicing Company Secretary with a decade of experience, is set to bring her comprehensive expertise in corporate laws and SEBI-related matters to the role.

Internal Auditor Appointment

Mr. Harsh Satish Udeshi, a Chartered Accountant with over 12 years of professional experience, has been appointed as the Internal Auditor for the Financial Year 2025-26. Mr. Udeshi's diverse background, including roles at PricewaterhouseCoopers and qualifications in company secretaryship and cost accountancy, is expected to strengthen the company's internal audit processes.

Annual General Meeting

Spinaroo Commercial Limited has scheduled its 13th Annual General Meeting for August 20, 2025. In line with modern practices, the meeting will be conducted via video conference, ensuring shareholder participation while adhering to any potential health and safety guidelines.

Compliance Commitment

The company acknowledged a delay in reporting Mrs. Periwal's resignation, attributing it to unforeseen circumstances. In response, Spinaroo has pledged to reinforce its internal compliance and reporting procedures to prevent such occurrences in the future, demonstrating its commitment to maintaining transparency and adhering to regulatory requirements.

These developments collectively signal Spinaroo Commercial Limited's focus on growth, governance, and operational excellence as it prepares for future challenges and opportunities in the printing industry.