Raj Packaging Industries Limited , a key player in the packaging sector, has released its unaudited financial results for the second quarter and first half of the fiscal year 2026, along with significant changes to its board of directors.

Financial Performance

The company's financial results for Q2 FY26 and H1 FY26 are as follows:

The company's performance shows a modest profit in the second quarter, with a more substantial profit for the half-year period.

Board Changes

Raj Packaging Industries has announced two significant changes to its board of directors:

1. Cessation of Director: Mr. Dayaniwas Sharma has stepped down from his role as Non-Executive Independent Director, effective August 31, 2025. Mr. Sharma's decision not to seek reappointment for a second term was attributed to his professional commitments at the Institute of Chartered Accountants of India.

2. New Appointment: The board has appointed Mr. Chandra Shekhar Agrawal as an Additional Director in the category of Non-Executive Independent Director. Mr. Agrawal's appointment is for a three-year term starting November 8, 2025, subject to shareholder approval.

About the New Director

Mr. Chandra Shekhar Agrawal brings a diverse set of experiences to the board:

• He holds a Chemical Engineering degree from the National Institute of Technology, Rourkela, and a Post Graduate Diploma in Marketing Management.
• Mr. Agrawal served as the President of the Andhra Pradesh Chambers of Commerce and Industries during 2010-11.
• He is recognized for his expertise in personal and organizational development, particularly through Neuro-Linguistic Programming.
• Over the years, Mr. Agrawal has trained numerous CEOs, top bureaucrats, and professionals from India and abroad.

These board changes and financial results were approved at a board meeting held on November 8, 2025, which commenced at 11:30 AM and concluded at 02:00 PM. The company has submitted these details to the BSE Limited in compliance with SEBI regulations.

Raj Packaging Industries Limited has released a detailed update on its ongoing GST litigation matters, spanning fiscal years 2020-21 through 2023-24. The company has taken various legal actions to address demands raised by the Assistant Commissioner (ST), Aghapura Circle, Commercial Tax Departments, Hyderabad.

FY 2020-21 Litigation

For the fiscal year 2020-21, Raj Packaging Industries filed a writ petition before the Honorable High Court, challenging the order of the Assistant Commissioner. In a hearing held on May 2, the Court granted a stay on recovery proceedings. The case was initially posted to July 15, and subsequently adjourned to September 1, with the stay extended until the next hearing date.

Appeals for FY 2021-22, 2022-23, and 2023-24

The company has taken similar legal actions for the subsequent fiscal years:

• FY 2021-22: An appeal was filed on June 30 before the Appellate Authority, GST, Telangana.
• FY 2022-23: An appeal was submitted on July 19 to the same Appellate Authority.
• FY 2023-24: Another appeal was filed on July 19, also with the Appellate Authority, GST, Telangana.

All these appeals challenge and dispute the demands raised by the Assistant Commissioner (ST), Aghapura Circle.

Transparency and Future Updates

Raj Packaging Industries has emphasized its commitment to transparency by providing this comprehensive update to its stakeholders. The company confirmed receiving details and confirmations regarding these legal proceedings on July 30.

In its communication to the BSE Limited, the company stated that it will continue to provide further updates as they become available. This approach aligns with the company's adherence to Regulation 30 of SEBI (LODR) Regulations, 2015, ensuring timely and transparent disclosure of material events.

Investors and stakeholders are advised to consider this information in conjunction with previous disclosures made by the company regarding these GST litigation matters. As the legal proceedings are ongoing, the final outcomes and potential financial implications remain to be seen.

Raj Packaging Industries Limited continues to navigate these regulatory challenges while maintaining its business operations. The company's proactive approach in addressing these issues and keeping shareholders informed reflects its commitment to corporate governance and regulatory compliance.