Innovative Tech Pack Ltd (523840)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Innovative Tech's revenue was ₹35.9 Cr (+10.3% year on year, +8.3% on the previous quarter), and net profit ₹-0.8 Cr (against a profit a year earlier); the operating margin was 3.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹35.9 | +10.3% | +8.3% |
| Operating profit | ₹1.1 | -63.7% | -70.0% |
| Net profit | ₹-0.8 | to loss | to loss |
| EPS (₹) | -0.35 | to loss | to loss |
| Operating margin | 3.1% | — | — |
📢 Recent Corporate Announcements
Innovative Tech Pack Limited announced the voting results for its 37th Annual General Meeting held on September 30, 2026. Shareholders approved all three agenda items, including the adoption of FY26 financial statements, the reappointment of retiring director Mrs. Pratibha Rao Ketineni, and the appointment of M/s Neeraj Bajaj and Associates as Secretarial Auditor. Each resolution received 16,715,471 votes in favor (99.9996% of polled votes) against just 65 votes opposed. A total of 16,715,536 votes were polled across 22,465,000 outstanding shares, representing a 74.4070% turnout driven almost entirely by promoters.
- All 3 AGM resolutions passed with 16,715,471 votes in favor (99.9996%) and 65 votes against (0.0004%)
- Turnout was 74.4070% of total shares, representing 16,715,536 votes polled out of 22,465,000 shares
- Promoter group contributed 16,705,940 votes (100% in favor), representing 99.94% of all votes cast
- Total shareholder count on record date (September 23, 2026) stood at 14,167
Innovative Tech Pack Ltd has informed the exchanges that a meeting of its Board of Directors is scheduled to be held on September 2, 2026. The board will consider and approve the Notice of the Annual General Meeting and the Board's Report for FY 2025-26. Additionally, the board will fix the book closure, record date, and cut-off date for AGM voting entitlements. This is a routine administrative filing with no direct financial impact.
- Board meeting scheduled for September 2, 2026
- Meeting agenda includes approval of AGM Notice and Board's Report for FY 2025-26
- Board to fix Book Closure, Record Date, and Cut-off Date for AGM voting
- Filing made on August 21, 2026 to BSE and CSE
Innovative Tech Pack Ltd has informed the exchanges of the resignation of its Secretarial Auditor, Mr. Lalit Sharma (Proprietor of M/s Lalit Sharma & Associates), effective August 20, 2026. The auditor cited pre-occupation and engagement in other assignments as the reason for stepping down. The company noted that there are no other material reasons for the resignation. The packaging company currently has a market capitalization of ₹34 crore and TTM revenue of ₹139 crore.
- Secretarial Auditor Mr. Lalit Sharma tendered resignation effective August 20, 2026
- Reason cited is pre-occupation and engagement in other professional assignments
- Auditor confirmed no other material reasons exist for the resignation
- Filing submitted under Regulation 30 read with SEBI Master Circular dated November 11, 2024
Innovative Tech Pack Ltd reported a net loss of ₹78.37 lakhs for the quarter ended June 30, 2026, a sharp reversal from a profit of ₹131.83 lakhs in the same quarter last year. While revenue from operations grew 10.3% YoY to ₹35.95 crore, total expenses surged by 17.4% to ₹36.84 crore, primarily due to a 28% increase in raw material costs. The results are further complicated by several internal control red flags, including missing records for unpaid dividends and bonuses, and the absence of an internal audit for the quarter.
- Net loss of ₹78.37 lakhs compared to a profit of ₹131.83 lakhs in the year-ago period.
- Revenue from operations increased to ₹35.95 crore from ₹32.58 crore YoY.
- Cost of materials consumed rose significantly to ₹27.35 crore from ₹21.37 crore YoY.
- Unpaid dividend of ₹12.68 lakhs reported with no shareholder-wise records available for verification.
- Cash wage payments of ₹16.10 lakhs made during the quarter, bypassing banking channels.
Innovative Tech Pack reported a net loss of ₹78.37 lakhs for the quarter ended June 30, 2026, a sharp decline from a profit of ₹131.83 lakhs in the same quarter last year. Although revenue from operations grew 10.3% YoY to ₹35.95 crore, total expenses outpaced growth, rising to ₹36.84 crore. The results were marred by a 28% surge in raw material costs and several auditor observations regarding internal controls, including cash wage payments and the absence of an internal audit for the quarter.
- Revenue from operations increased 10.3% YoY to ₹35.95 crore from ₹32.58 crore.
- Reported a net loss of ₹78.37 lakhs compared to a net profit of ₹131.83 lakhs in Q1 FY26.
- Cost of materials consumed rose significantly to ₹27.35 crore, up from ₹21.37 crore in the previous year's quarter.
- Auditor highlighted cash wage payments of ₹16.10 lakhs and pending bonuses of ₹15.92 lakhs from previous years.
- Company lacks legitimate lease deeds for certain premises and detailed records for ₹12.68 lakhs in unpaid dividends.
Innovative Tech Pack Ltd has scheduled a board meeting on August 13, 2026, to approve the un-audited financial results for the quarter ended June 30, 2026. This is a routine regulatory filing for the micro-cap packaging company, which has a market capitalization of ₹32 Cr. Investors will be monitoring the results to see if the company can improve its bottom line, as TTM PAT is currently near zero despite TTM revenue of ₹139 Cr. The trading window for insiders has been closed since July 1, 2026.
- Board meeting scheduled for August 13, 2026, to approve Q1 FY27 results
- Trading window for securities closed from July 1, 2026, until 48 hours post-declaration
- Company maintains a high promoter holding of 74.36% as of June 2026
- TTM revenue stands at ₹139 Cr against a small market cap of ₹32 Cr
- Operating profit margin (OPM) was 12.9% in the TTM period
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