Mold-Tek Packaging Limited has informed stock exchanges about receiving a demand notice from the Income Tax Department for assessment year 2022-23. The company disclosed this development under Regulation 30 of SEBI Listing Regulations on January 23, 2026.

Tax Demand Details

The Income Tax Department, Ministry of Finance, Government of India has issued a demand notice under Section 156 of the Income Tax Act, 1961. The notice seeks additional tax payment from the company for the assessment year 2022-23.

Company's Position

Mold-Tek Packaging has clarified its stance regarding the tax demand notice. The company maintains that there are no violations or contraventions of any provisions of the Income Tax Act. According to the disclosure, the order has no financial impact on the company's operations.

The company emphasized that the matter remains open for further submissions and appeal before the Appellate Tribunal, Bangalore. Management is currently reviewing the notice and plans to respond within the prescribed period of 60 days as per regulatory requirements.

Regulatory Compliance

The disclosure was made pursuant to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which mandates listed companies to inform exchanges about significant regulatory actions. The notice was signed by J. Lakshmana Rao, Chairman and Managing Director of the company.

Financial Impact Assessment

According to the company's assessment, the tax demand order is expected to have no financial impact on its operations. The company stated that since the matter is open for further submissions and appeal processes, it will take appropriate legal recourse to address the demand notice through established appellate mechanisms.

Mold-Tek Packaging Limited , a leading packaging solutions provider, has reported a mixed set of results for the second quarter of fiscal year 2026, showcasing resilience in the face of seasonal challenges and market dynamics.

Key Highlights

• Sales value growth of 9.65% year-over-year
• Volume growth of 7% compared to Q2 FY25
• EBITDA increased by 8.37% despite lower capacity utilization
• Pharma packaging sales surged 45% quarter-on-quarter

Financial Performance

Segment Performance

Pharma Packaging

The company's pharma packaging segment demonstrated robust growth, with sales surging from Rs. 7.42 crores in Q1 to Rs. 10.80 crores in Q2, marking a significant 45% quarter-on-quarter increase.

Paint Segment

The paint segment experienced muted growth of 3.36%, primarily attributed to heavy rainfall affecting demand.

Food and FMCG Segment

This segment showed strong performance with a 19% growth rate.

Operational Updates

• The new Panipat facility commenced operations, with initial sales of Rs. 40 lakhs in October.
• The company maintains guidance of 12% volume growth and expects double-digit growth in Q4.

Management Commentary

J. Lakshmana Rao, Chairman and Managing Director, commented on the results: "Despite capacity utilization dropping from 74% in Q1 to 63% in Q2, we achieved an EBITDA margin of Rs. 40.60 per kg in H1 versus Rs. 36.73 last year, representing 10.5% growth. The GST implementation and extended monsoon impacted Q2 performance, but we are confident of recovery in the second half."

Future Outlook

Mold-Tek Packaging remains optimistic about its growth prospects, particularly in the pharma and food & FMCG segments. The company's strategic expansion in Panipat and its focus on high-margin products are expected to drive growth in the coming quarters.

The management's confidence in achieving double-digit growth in Q4, coupled with the ongoing expansion in the pharma segment, positions Mold-Tek Packaging for potential strong performance in the latter half of FY26.

Investors and stakeholders will be closely watching the company's performance in the coming quarters, especially as it navigates the challenges posed by seasonal factors and evolving market dynamics.