TCPL Packaging Limited has announced strategic investments totaling ₹3.49 crores in its two wholly-owned subsidiaries through rights issues. The investments were made in Creative Offset Printers Private Limited (COPPL) and Accura Technik Private Limited (ATPL), with the company maintaining its 100% shareholding in both entities.

Investment Details

The company's investment breakdown demonstrates its commitment to strengthening its subsidiary operations:

Creative Offset Printers Private Limited Performance

COPPL, incorporated on July 12, 2002, operates in the specialized packaging sector focusing on mobile phone manufacturing companies. The subsidiary has demonstrated consistent revenue growth over the past three financial years:

The company manufactures boxes and cartons required by mobile phone manufacturing companies and other customers. With its registered office in New Delhi and factory located in Greater Noida, COPPL is positioned to benefit from the expanding mobile phone production sector.

Accura Technik Private Limited Operations

ATOL, incorporated on October 9, 2023, represents TCPL Packaging's strategic move into manufacturing high-performance rotogravure cylinders and components for packaging companies. The subsidiary has its registered office in Mumbai and manufacturing plant in Silvassa.

Key operational details for ATPL:

Strategic Business Rationale

The investments align with TCPL Packaging's expansion strategy in the packaging sector. For COPPL, the investment supports business expansion as numerous manufacturers are scaling mobile phone production, potentially increasing the company's packaging market share.

Regarding ATPL, the facility will serve dual purposes - supporting TCPL Packaging's internal gravure cylinder requirements while creating an additional revenue stream by serving the broader packaging industry with high-quality cylinders and components.

Regulatory Compliance

Both investments were executed through cash consideration via normal banking channels. As wholly-owned subsidiary companies, these transactions fall under related party transactions, though no changes occurred in the shareholding percentages. The investments comply with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

TCPL Packaging Limited , a leading packaging solutions provider, has reported a stable performance for the second quarter of fiscal year 2026, navigating through temporary disruptions caused by GST slab revisions and ongoing export market volatility.

Financial Highlights

For Q2 FY26, TCPL Packaging delivered:

Operational Overview

The company faced challenges in the domestic market due to the revision in GST slabs, which led to a short-term recalibration across parts of the trade channel. This transition resulted in softer demand, particularly in September. However, the company expects the rationalized structure to support improvement in underlying demand in the coming period.

Chennai Greenfield Plant Progress

TCPL's Chennai Greenfield plant continues to ramp up well, with encouraging traction from regional customers. The facility, which enhances the company's presence in Southern India and strengthens its capabilities in sustainable paperboard packaging, is currently operating at 40-50% utilization. Management expects it to reach good utilization levels over the next few quarters.

Export Market Challenges

The export business faced headwinds due to ongoing volatility in international markets. However, the company remains optimistic about prospects for demand improvement and is encouraged by recent news of positive progress in freight talks with the USA and the EU.

Future Outlook

TCPL Packaging remains focused on strengthening the levers that will drive the company's next phase of growth. The management is continuously evaluating strategic initiatives to reinforce long-term growth aspirations, aiming to build scale and address emerging opportunities.

Management Commentary

Akshay Kanoria, Executive Director of TCPL Packaging, stated, "Against this backdrop, our performance remains stable, supported by our diversified business model and consistent operational focus. We are optimistic about the prospects for demand improving as the GST cuts take hold and are encouraged by recent news of positive progress in the freight talks with the USA and the EU."

TCPL Packaging continues to leverage its strong balance sheet and deep customer relationships to position itself for sustained healthy growth over the medium to long term.