Shree Rama Multi-Tech Limited , a leading manufacturer of packaging materials, has reported a significant increase in profitability for the first quarter. The company's financial results, approved by its Board of Directors on August 5, showcase robust growth across key metrics.

Financial Highlights

The unaudited financial results for Q1 reveal:

The company's total income for the quarter stood at Rs. 5,684.87 lakhs, marking a 31.3% increase from Rs. 4,330.80 lakhs in the same quarter last year. Revenue from operations grew by 28.8% to Rs. 5,534.96 lakhs, up from Rs. 4,297.77 lakhs in the previous year's corresponding quarter.

Most notably, Shree Rama Multi-Tech's net profit surged by an impressive 234.3%, reaching Rs. 734.72 lakhs compared to Rs. 219.77 lakhs in the corresponding quarter of the previous year. The profit before tax also saw a substantial rise of 135.2%, amounting to Rs. 987.27 lakhs.

Annual General Meeting and E-Voting

The Board of Directors has approved the following key dates:

• The 31st Annual General Meeting (AGM) is scheduled for September 6, to be held via video conferencing (VC) or other audio-visual means (OAVM).
• Remote e-voting for the AGM will be available from September 3 (9:00 AM) to September 5 (5:00 PM).
• The cut-off date for determining shareholder eligibility to vote is set as August 30.

Appointment of Secretarial Auditor

In a move to strengthen its corporate governance, the company has appointed M/s. Chirag Shah & Associates, a firm of practicing Company Secretaries, as the Secretarial Auditor for a term of five consecutive years from FY 2025-26 to FY 2029-30. This appointment is subject to shareholder approval at the upcoming AGM.

Chirag Shah & Associates brings over 25 years of experience in compliance and governance, with expertise in corporate laws, capital market transactions, and compliance audits.

Business Segment

Shree Rama Multi-Tech continues to operate in a single business segment, focusing on the manufacturing of packaging materials. This aligns with the Indian Accounting Standard 108 on Operating Segments.

The company's strong performance in Q1 reflects its resilience and growth potential in the packaging industry. Shareholders and investors will be keenly watching the upcoming AGM for further insights into the company's strategies and future outlook.

Note: All financial figures are in Indian Rupees (INR) and are based on the unaudited financial results for the quarter ended June 30, as approved by the company's Board of Directors.

Shree Rama Multi-Tech Limited , a leading manufacturer in the packaging industry, has announced a significant expansion in its production capabilities. The company has successfully commenced commercial production using a newly installed tubing machine at its plant in Moti-Bhoyan, Kalol.

Expansion Details

The new tubing machine, part of a Rs. 18.00 crore capital expenditure plan, was installed to enhance the company's capacity to manufacture tubes of various sizes and dimensions. This strategic investment is expected to yield substantial benefits for Shree Rama Multi-Tech Limited:

• Capacity Boost: The new machine is projected to increase the company's Lamitube production capacity by approximately 18-20%.
• Diverse Product Range: The advanced technology allows for the manufacture of tubes in different sizes and dimensions, potentially expanding the company's product offerings.
• Operational Efficiency: The installation of the latest technology is likely to improve overall operational efficiency in tube production.

Financial Implications

The company's management is optimistic about the financial impact of this expansion:

• Revenue Growth: The increased production capacity is expected to contribute to a higher topline in the coming years.
• Profitability: Along with revenue growth, the bottom line is also anticipated to improve, suggesting enhanced profit margins from the new production line.

Timeline of Implementation

The implementation of this expansion project has been swift and efficient:

Industry Implications

This expansion by Shree Rama Multi-Tech Limited signals a positive outlook for the packaging industry, particularly in the tube manufacturing segment. The company's investment in advanced technology and increased production capacity may indicate growing demand in the sector and could potentially strengthen its market position.

The move also demonstrates the company's commitment to technological advancement and meeting diverse customer needs through an expanded range of tube sizes and dimensions.

As the packaging industry continues to evolve, Shree Rama Multi-Tech's strategic expansion could position it well to capitalize on emerging opportunities and market demands.