Kanpur Plastipack Limited (KPL), a leading manufacturer of Flexible Intermediate Bulk Containers (FIBCs), has reported robust financial results for the second quarter of fiscal year 2026, demonstrating significant growth and strategic expansion plans.

Financial Highlights

For Q2 FY26, Kanpur Plastipack delivered impressive financial performance:

All financial figures in INR crores

The company's net profit surged by 425% year-over-year, while total income grew by 8%. The EBITDA margin also saw a significant improvement, expanding by 240 basis points to reach 9.8%.

Strategic Initiatives and Expansion Plans

Kanpur Plastipack has announced several strategic moves to fuel its growth:

1. Capex Program: The company has unveiled a INR 105 crore capex program for capacity expansion and diversification. This includes:

   • INR 58.04 crores investment in a greenfield needle-punching non-woven project
   • INR 47 crores for FIBC Division expansion at Unit 3, Gajner Road

2. FIBC Capacity Expansion: Plans to add 1,200 metric tons of conversion capacity next year, with a target of 6,000 metric tons over the next five years.

3. Valex Ventures Acquisition: Completed the acquisition of a 76.19% stake in Valex Ventures Limited, providing direct access to high-value customers in the UK and EU markets.

4. Joint Venture with Essegomma S.p.A.: Approved a 50-50 joint venture with the Italian company to introduce high-performance Taslan yarn technology in India, marking KPL's entry into the high-margin technical and luxury textile segment.

Operational Performance

• Export business continues to be the key driver, contributing 74% of the revenue.
• Europe remains the largest market with a 51% share, followed by South America (27%) and North America (17%).
• The company is focusing on efficiency enhancement, automation, and debottlenecking across manufacturing facilities.

Management Commentary

Shri Shashank Agarwal, Deputy Managing Director, stated, "Q2 and H1 FY'26 have further strengthened our growth trajectory both in financial and operational terms. The momentum has carried on, reflecting the continued benefits of our strategic transformation, focus on efficiency, and disciplined execution across all business segments."

Future Outlook

With the ongoing strategic investments, product diversifications, and a robust order book, Kanpur Plastipack is well-positioned to sustain its growth momentum in the second half of the year. The company's focus on margin expansion, cost optimization, and process automation is expected to drive consistent, profitable, and sustainable growth.

Kanpur Plastipack's strong performance and strategic initiatives demonstrate its commitment to enhancing shareholder value and solidifying its position as a preferred global partner in industrial packaging and technical textiles.

Kanpur Plastipack Limited , a manufacturer and exporter of flexible intermediate bulk containers and other plastic products, has announced two significant corporate actions requiring shareholder approval through a postal ballot.

Employee Stock Option Scheme 2025

The company is seeking approval for its maiden Employee Stock Option Scheme-2025 (ESOS-2025). Key details of the scheme include:

• Total Options: Up to 5,00,000 options convertible into an equal number of equity shares
• Eligibility: Employees and directors of the company, excluding promoters and independent directors
• Vesting Period: 1 to 4 years from the date of grant
• Exercise Period: Within 1 year from the date of vesting
• Exercise Price: To be decided by the Nomination and Remuneration Committee, linked to market price

The scheme aims to motivate and retain employees, align their interests with long-term company growth, and provide deferred rewards.

Appointment of Independent Director

Shareholders are also being asked to confirm the appointment of Shri Basant Seth (DIN: 02798529) as an Independent Director. Notable points include:

• Appointment Period: 5 years, from November 10, 2025, to November 9, 2030
• Background: Mr. Seth is a Chartered Accountant with over four decades of experience in banking, finance, and management
• Previous Roles: Held positions such as Chairman and Managing Director of Syndicate Bank and Independent Director on the Board of State Bank of India

Voting Details

• E-voting Period: November 20, 2025, to December 19, 2025
• Results Declaration: By December 22, 2025
• EVEN (E-Voting Event Number): 137681

Shareholders can cast their votes either through e-voting or by submitting physical postal ballot forms. The company has engaged National Securities Depository Limited (NSDL) to provide e-voting facilities.

These corporate actions reflect Kanpur Plastipack's efforts to enhance employee engagement and strengthen its governance structure. Shareholders are encouraged to review the detailed information provided in the postal ballot notice before casting their votes.