Asia Pack Limited Reports Q1 Profit Surge and Appoints New Secretarial Auditor
Asia Pack Limited's Q1 FY2025-26 results show significant growth with net profit rising to Rs 23.14 lakhs from Rs 16.62 lakhs year-over-year. Total income reached Rs 47.09 lakhs, with EPS improving to Rs 0.88. The company's Board has approved the appointment of Mr. B. L. Harawat as the new Secretarial Auditor for a five-year term, subject to shareholder approval at the upcoming AGM scheduled for September 30, 2025.
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Asia Pack Limited , a company listed on the Bombay Stock Exchange (BSE), has reported a significant increase in its net profit for the quarter ended June 30. The company also announced the appointment of a new Secretarial Auditor, subject to shareholder approval.
Financial Performance
Asia Pack Limited's unaudited financial results for Q1 reveal a robust performance:
| Particulars (in Rs. Lakhs) | Q1 FY2025-26 | Q4 FY2024-25 | Q1 FY2024-25 |
|---|---|---|---|
| Revenue from Operations | 6.33 | 5.52 | 5.98 |
| Other Income | 40.76 | 11.86 | 29.64 |
| Total Income | 47.09 | 17.38 | 35.62 |
| Net Profit | 23.14 | 18.58 | 16.62 |
| Earnings per Share (Rs.) | 0.88 | 0.70 | 0.63 |
The company's total income for the quarter stood at Rs 47.09 lakhs, with revenue from operations contributing Rs 6.33 lakhs and other income amounting to Rs 40.76 lakhs. This represents a significant increase compared to the previous quarter and the corresponding quarter of the previous year.
Net profit reached Rs 23.14 lakhs, marking a substantial rise from Rs 18.58 lakhs in the previous quarter and Rs 16.62 lakhs in the same quarter last year. Consequently, the earnings per share (EPS) improved to Rs 0.88, up from Rs 0.70 in the preceding quarter and Rs 0.63 in Q1 of the previous fiscal year.
Appointment of New Secretarial Auditor
In a significant corporate governance move, the Board of Directors of Asia Pack Limited, based on the recommendation of the Audit Committee, has approved the appointment of Mr. B. L. Harawat as the company's new Secretarial Auditor. Mr. Harawat is the proprietor of M/s. B. L. Harawat & Associates, a practicing company secretarial firm.
Key details of the appointment include:
- Mr. Harawat holds C.P. No. 3326 and a Peer Review Certificate (No. 2297/2022).
- The appointment is for a term of five consecutive financial years, from April 1, 2025, to March 31, 2030.
- This appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Mr. Harawat brings extensive experience in Company Law, Securities Laws, and other Corporate Laws to his new role at Asia Pack Limited.
Annual General Meeting
The company has scheduled its 40th Annual General Meeting for September 30, 2025. Shareholders will have the opportunity to vote on various matters, including the appointment of the new Secretarial Auditor.
Asia Pack Limited's strong financial performance and proactive approach to corporate governance underscore its commitment to growth and transparency.
Historical Stock Returns for Asia Pack
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.98% | -5.47% | -13.34% | -53.65% | -58.44% | +173.63% |
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