Deccan Polypacks Limited has formally announced the resignation of Mr. Venkata Prudvi Raju Datla from his position as Whole-time Director, effective December 31, 2025. The Hyderabad-based packaging company submitted the requisite intimation to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition Details

The resignation becomes effective from the close of business hours on December 31, 2025, as per Datla's formal resignation letter submitted on the same date. The key aspects of this leadership change are outlined below:

Regulatory Compliance and Disclosure

Deccan Polypacks Limited has ensured full compliance with regulatory requirements by providing comprehensive details as mandated under Schedule III-Para A (7B) of Part A of the Listing Regulations. The company submitted all necessary documentation, including Datla's resignation letter and detailed annexures, to maintain transparency with stakeholders.

In his resignation letter, Datla confirmed that there are no material reasons for his resignation beyond the personal reasons cited. This confirmation addresses regulatory requirements for director resignations and provides clarity to investors and stakeholders.

Current Board Responsibilities

Datla currently serves in multiple capacities within the company's governance structure:

• Member of Risk Management Committee
• Member of Share Transfer Committee
• Whole-time Director (until December 31, 2025)

Additional Directorships

As part of the regulatory disclosure, Datla has declared his directorships in other companies:

Both entities are unlisted companies, and Datla's involvement with these organizations has been transparently disclosed as part of the resignation process.

Company Operations Continuity

The transition appears structured to ensure minimal disruption to company operations. By retaining Datla as a non-executive Director, Deccan Polypacks Limited maintains his expertise and institutional knowledge while allowing him to step back from day-to-day executive responsibilities. This arrangement provides continuity in board oversight while accommodating his personal circumstances.

The company, headquartered in Kukatpally, Hyderabad, operates in the packaging sector and maintains its listing on BSE Limited under scrip code 531989. The formal communication was signed by DRSP Raju, Director with DIN 00306612, ensuring proper authorization of the disclosure.

Deccan Polypacks Limited , a company listed on the Bombay Stock Exchange (BSE), has resubmitted its financial results for the quarter ended September 30, 2023, following observations raised by the stock exchange. The resubmission comes after the company erroneously filed its previous submission in an outdated format.

Key Financial Highlights

The revised financial statement reveals some concerning figures for the company:

It's worth noting that the company's other equity has seen a significant decline, plummeting to negative Rs. 1,571.44 lakhs from negative Rs. 205.98 lakhs reported in March 2023.

Quarterly Performance

The resubmitted results provide a more detailed view of the company's performance for the quarter:

The company reported no revenue for both Q1 and Q2 of 2023, while expenses decreased from Rs. 29.08 lakhs in Q1 to Rs. 2.52 lakhs in Q2.

Balance Sheet Overview

The balance sheet as of September 30, 2023, presents a challenging financial position:

The negative equity position indicates that the company's liabilities exceed its assets, which could be a cause for concern for investors and stakeholders.

Management Commentary

The company has not provided any specific management commentary on the results or the reasons behind the resubmission in the available data. However, the resubmission following BSE's observations demonstrates the company's commitment to regulatory compliance and transparency.

Investor Considerations

Investors and market participants should note that the company's financial position appears to be under stress, as evidenced by the widening losses and negative equity. The lack of revenue generation in the recent quarters may also raise questions about the company's operational status and future prospects.

It's crucial for stakeholders to closely monitor any further updates or clarifications from Deccan Polypacks regarding its financial position and strategic plans moving forward.