Innovative Tech Pack Limited , a manufacturer of plastic bottles, jars, and caps, has released its unaudited financial results for the quarter ended September 30, 2025, revealing a mixed performance marked by revenue growth but a decline in profitability.

Financial Performance

The company reported a total income of Rs 2,894.79 lakhs for the quarter, with revenue from operations standing at Rs 2,887.46 lakhs. However, Innovative Tech Pack faced a net loss of Rs 110.13 lakhs during this period, a significant shift from the profit of Rs 131.83 lakhs recorded in the previous quarter.

Here's a breakdown of the key financial metrics for Q2 2025:

Operational Challenges

The company faces several operational challenges, as highlighted in the financial statements:

1. Pending Bonus Payments: Outstanding bonus payments of Rs 24.08 lakhs from previous financial years remain unpaid as of September 30, 2025.

2. Legal Disputes: The company is involved in legal proceedings against Maharashtra Bio Fertilizers India Private Limited, with outstanding dues of Rs 169 lakhs. Despite a previous agreement, the customer has defaulted on the balance payment after repaying only Rs 35 lakhs.

3. Cash Wage Payments: Wages amounting to Rs 90.83 lakhs were paid in cash, which may raise compliance concerns regarding the Payment of Wages (Amendment) Act, 2017.

4. MSME Creditor Payments: The company has not paid interest on amounts due to MSME creditors for payments delayed beyond 45 days, citing payment terms under supply agreements.

5. Internal Audit: No internal audit was conducted during the half-year ended September 30, 2025, potentially impacting the company's internal control mechanisms.

Balance Sheet Highlights

As of September 30, 2025, Innovative Tech Pack's balance sheet shows:

• Total Assets: Rs 8,602.22 lakhs
• Total Equity: Rs 3,584.39 lakhs
• Current Liabilities: Rs 4,035.04 lakhs

The company's borrowings have seen significant changes, with short-term borrowings increasing to Rs 1,103.31 lakhs from Rs 274.39 lakhs at the end of the previous financial year, while long-term borrowings decreased to Rs 961.49 lakhs from Rs 2,340.50 lakhs.

Management Commentary

K. Satish Rao, Director of Innovative Tech Pack Limited, signed off on the financial statements, indicating the board's approval of the results. The company maintains its focus on manufacturing plastic packaging products, with no separate reportable segments as per Indian Accounting Standards.

Innovative Tech Pack Limited faces the challenge of balancing its growth initiatives with addressing the operational issues highlighted in its financial statements. Investors and stakeholders will likely be watching closely to see how the company navigates these challenges in the coming quarters.

Innovative Tech Pack Limited , a company specializing in manufacturing pet containers, has made significant leadership changes and appointments at its 36th Annual General Meeting. The company has taken steps to strengthen its board and management team, positioning itself for future growth and development.

Re-appointment of Non-Executive Chairman

Ms. Nidhi Dwarakanath has been re-appointed as an Independent Director and designated as Non-Executive Chairman of the company. Her new term will run from September 30, 2025, to September 29, 2030, marking her second term in this crucial role. Ms. Dwarakanath brings valuable experience to the board, with a background in media and mass communication.

New Executive Director Appointment

In a move to bolster its executive leadership, the company has appointed Sridhar Das as an Executive Director, effective September 30, 2025. Mr. Das brings over 14 years of experience in the manufacturing of pet containers, with a focus on technical aspects, packaging design, and modern management techniques. His appointment is expected to drive innovation and efficiency in the company's operations.

Secretarial Auditor Appointment

The company has also appointed M/s Lalit Sharma & Associates as its Secretarial Auditor for a term of five consecutive financial years, from 2025-26 to 2029-30. This appointment ensures compliance with regulatory requirements and strengthens the company's corporate governance practices.

Additional Board Matters

The Annual General Meeting also saw the re-election of Mrs. Pratibha Rao Ketineni, who was retiring by rotation. Furthermore, the company has proposed to increase the overall limit of maximum remuneration payable to the Managing Director, indicating potential changes in executive compensation.

Voting Process

In compliance with regulatory requirements, Innovative Tech Pack Limited provided its members with the facility to cast votes electronically from September 27 to September 29, 2025. Members present at the Annual General Meeting who had not cast their votes electronically were given the opportunity to vote through ballot papers.

These strategic appointments and re-appointments reflect Innovative Tech Pack Limited's commitment to maintaining strong leadership and governance structures. The diverse experience of the newly appointed and re-appointed directors is expected to contribute significantly to the company's growth strategy and operational excellence in the coming years.