Shree Rama Multi-Tech Limited , an ISO certified company specializing in manufacturing lami-tubes, tube laminates, multilayer films, and flexible laminates, has announced a change in its leadership team. The company's Chief Financial Officer (CFO), Hemant Shah, has tendered his resignation.

Resignation Details

According to the company's filing with the stock exchanges, the key details of the resignation are as follows:

Company's Response

The management of Shree Rama Multi-Tech Limited has accepted and approved Shah's resignation. In compliance with regulatory requirements, the company has made the necessary disclosures under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transition Process

The company has not provided specific details about the succession plan. The three-month notice period from August to October 2025 may allow the company to search for a replacement and ensure a handover of responsibilities.

Impact on Operations

There is no indication of any immediate impact on the company's operations due to the CFO's resignation. Shah has confirmed that there are no material reasons behind his decision to step down.

Shree Rama Multi-Tech Limited, known for its ISO 9001:2015 and ISO 15378:2017 (GMP) certifications, as well as its DMF Type III certification, continues to operate in the packaging industry.

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.