Abril Paper Tech Ltd

Financing approval

• Approved availing a working capital credit facility from ICICI Bank up to Rs 8 crore.

Meeting Details

• Date: August 17, 2026; Location: Registered office, Jolwa, Surat; Time not disclosed.

Key Agenda Items

• To apply for availing a credit facility from ICICI Bank.

AGM details

• AGM held 11 August 2026 at 3:00 PM via VC/OAVM.
• E-voting open 8–10 August 2026; results unblocked 11 August 2026.
• Notice for AGM dated 10 July 2026.

Key resolutions and outcomes

• Ordinary: adopt audited standalone financial statements for FY ended 31 March 2026; passed 100% of valid votes.
• Ordinary: reappoint Ashvinbhai Laxmanbhai Lathiya as director by rotation; passed 100% in favour; some invalid votes.

Director appointment/retirement

• Ashvinbhai Laxmanbhai Lathiya, Whole-time Director, retires by rotation and is re-appointed.

AGM Details

• 3rd AGM held on 11 August 2026 at 3:00 PM IST via VC/OAVM.
• Meeting concluded at 3:22 PM; e-voting opened for 15 minutes.
• No Q&A session due to VC format; no speaker registrations.

Ordinary Business

• Adoption of Audited Standalone Financial Statements for the year ended 31 March 2026.
• Reappointment of Ashvinbhai Laxmanbhai Lathiya as Whole-time Director.

Voting Status

• Resolutions were put to vote exclusively through e-voting.
• Results to be announced within two working days and intimated to exchanges and the company website.

Appeal hearing notice

• Notice received from Appellate Authority, Gujarat, for appeal AD241221005148Q.
• Hearing fixed for 12 August 2026; reference ZD2408260171987.
• Relates to demand order under section 130 for non-production of e-way bill.
• Rs 9,85,640/- demanded on 17/11/2021; deducted from cash ledger without consent.
• Appeal filed on 15/12/2021 by erstwhile Abril International (now Abril Paper Tech Limited).
• Company states no material impact on finances or operations.

Financial snapshot

• Revenue from operations ₹6,508.36 Lakhs; total income ₹6,529.83 Lakhs.
• Profit before tax ₹203.75 Lakhs; tax ₹54.00 Lakhs; net profit ₹150.22 Lakhs.
• EPS ₹2.14; FY25-26 revenue up ~7%; PAT up ~6% YoY.
• IPO raised ₹13.42 Crores via 22 lakh shares at ₹61 each.
• Unutilised IPO proceeds ₹5.50 Crores; fixed deposits held as investment.
• Cash flow from operations negative ₹7.60 Crores; cash and cash equivalents ₹9.49 Lakhs.
• Fixed deposits ₹5.50 Crores; unutilised IPO funds parked in FD.

IPO & capital structure

• IPO: 22,00,000 equity shares at ₹61; ₹13.42 Crores raised.
• Listed on SME Platform of BSE on 5 September 2025.
• Paid-up capital ₹798.18 Lakhs; outstanding shares 79,818,400.
• Authorised capital ₹8.30 Crores (₹83 lakh shares).
• Promoters’ stake: Vipul 39.69%, Ashvin 21.10%, Prince 17.69%.
• Dividend policy disclosed on website; no dividend declared for FY25-26.

Board and governance

• Board comprising five directors as of 31 March 2026.
• Independent directors: Urvashi S. Dave and Mehul N. Hingu.
• Governance committees: SRC, Audit, and NRC formed 10 April 2025.
• Nomination and Remuneration Policy adopted; familiarization programs offered.
• Whistle Blower policy and insider trading code published on company site.
• Annual board performance evaluation framework implemented.

Audit and compliance

• Statutory Auditor: K. K. Haryani & Co.
• Internal Auditor: R. M. Hariyani & Co.
• Secretarial Auditor: N. R. Shah & Co.
• Statutory Audit: no qualifications; GST disputes disclosed under CARO.
• Secretarial MR-3: no adverse observations.
• Independent Auditor’s Report confirms accountability and compliance.

Capital structure and liquidity

• IPO funds unutilised ₹5.50 Crores; invested in fixed deposits.
• Cash and cash equivalents ₹9.49 Lakhs; cash flow from operations negative.
• Investments: fixed deposit ₹5.50 Crores; no other material investments.
• Total assets ₹25.52 Crores; equity capital ₹7.98 Crores; reserves ₹15.80 Crores.

Related party transactions

• Director loans: max ₹122.00 Lakhs; year-end balance ₹1.00 Lakh.
• Promoter remuneration: Vipul ₹4.20 Lakhs; Ashvin ₹4.20 Lakhs.
• CS remuneration ₹2.78 Lakhs; CFO remuneration ₹2.52 Lakhs.
• Related party disclosures are noted; all at arm's length.

Risks, outlook and operations

• Operations at a single facility in Surat; concentration risk.
• Risks: utility supply, raw material price volatility, and energy costs.
• Outlook: coating expansion to scale, pan-India distribution, potential exports.
• Management focuses on prudent capital allocation and regulatory compliance.

Other statutory disclosures

• CSR under Section 135 not applicable.
• Maternity benefits and sexual harassment policies in place; ICC reports zero complaints.
• Compliance with Secretarial Standards; no material non-compliance reported.

AGM Details

• 3rd AGM scheduled for Aug 11, 2026 at 3:00 PM IST via VC/OVAM.

E-voting and Notice

• Cut-off for e-voting on Aug 4, 2026.
• E-voting opens Aug 8, 2026 at 9:00 AM and closes Aug 10, 2026 at 5:00 PM.
• Notice and Annual Report will be sent electronically; no physical copies.

AGM and voting

• 3rd AGM scheduled for 11 August 2026 (Tuesday).
• e-voting facility will be provided to Members.
• Cut-off date for voting entitlement fixed at 04 August 2026.
• Notice convening AGM to be sent in due course.