MTPL/SECT/016/2023-24 Date: 3rd May, 2023

The Secretary,	The Manager, Listing Department,
Listing Department,	National Stock Exchange of India
BSE Ltd.,	Limited.,
Phiroze Jeejeebhoy Towers,	Exchange Plaza, 5th Floor, Plot No. C/ I,
Dalal Street, Fort, Mumbai-400001.	G Block, Bandra Kurla Complex,
Scrip Code: 533080	Bandra (E), Mumbai-400051.
	Symbol: MOLDTKPAC - EQ

Sir/Madam,

ub: Outcome of the Meeting of the Board of Directors of the Company held on ytl May, 2023

Rcf: Regul ation 30 & 33(3)(d) of SEnI (LODR) Regulations, 2015, read with Schedul e-ill of the said Regulations.

RECORD VOLUME GROWTH OF 16.30% & PAT UP BY 26.35% YOY Financial Highlights: 04 & FY'23

.:. PAT Up by 32.79% Q4 on Q4 and up by 26.350/0 Y on Y

.:. Volume up by 16.300/0 Yon Y and up by 8.01 % Q4 on Q4

.:. EBIDTA Up by 10.98% Q4 on Q4 and up by 11.92% Yon Y

With reference to the captioned subj ect, we wish to inform you that the Board of Directors of the Company at its meeting held today, i.e. 3rd May, 2023 from 11 :30 a.m. to .i ~ -40 p.m., has, inter-alia, considered and approved the fo ll owing matters:

1) Audited Financial Results of the Company for the fourth quarter and financial year ended on 31 st March, 2023;
2) Statutory Audit Report issued by MIs. M. Anandam & Co., Statutory Auditors, with unmodified opinion on the audited financial results of the Company for the fOUlih quarter and financial year ended on 3 pi March, 2023;

3) Recommended a final dividend of ~ 2.00/- per equity share for the financial year 2022-23 on Equity Shares of face value of ~ 5/- each. The Board of Directors had earlier declared and paid an interim dividend of ~ 4.00/- per equity share on face value of ~ 5/- each at its meeting held on 12th April, 2023. The total dividend for the aforesaid financial year thus amounts to ~ 6.00/- per equity share on face value of ~ 5/- each.

The Final Dividend of ~ 2.00/- per equity share is subject to the approval/ declaration of/by Members at the ensuing Annual General Meeting and the Record Date/Book Closure Period for the purpose of payment of the said Final Dividend for the financial year 2022-23 will be determined later.

The detailed press release pertaining to the financial results is also enclosed herewith for your record.

Thanking you,

FOR MOLD-TEK PACKAGING LIMITED

(Chairman & Mana

DIN: 00649702

Encl: a/a

M.ANANDAM & CO., CHARTERED ACCOUNTANTS

Independent Auditor's Report on the Quarterly and Year to Date Financial Results of Mold-Tek Packaging Limited Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The Board of Directors of Mold-Tek Packaging Limited

Report on the audit of the Financial Results

Opinion

We have audited the accompanying quarterly financial results of Mold-Tek Packaging Limited (the Company) for the quarter ended 31st March, 2023 and the year-to-date results for the period from pt April, 2022 to 3pt March, 2023, attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us these financial results:

i. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
ii. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information for the quarter ended 31st March, 2023 as well as the year-to-date results for the period from pt April, 2022 to 31st March, 2023.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

7 'A', SURYA TOWERS, SARDAR PATEL ROAD, SECUNDERABAD - 500003. PHONE: 27812377, 27812034, FAX:27812091

Management's Responsibilities for the Financial Results

These quarterly financial results as well as the year-to-date financial results have been prepared on the basis of the interim financial statements. The Company's Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, 'Interim Financial Reporting' prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the finanG:ial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit

detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the financial results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the financial results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the financial results.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matter

The Financial Results include the results for the quarter ended 3pt March, 2023 being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

For M.Anandam & Co., Chartered Accountants

UDIN: 23212187BGWOPF4610

Place: Hyderabad Date: 3rd May, 2023

MOLD-TEK PACKAGING LIMITED

Registered Office: Plot No 700, 8-2-293/82/A/700 Road No 36. Jubilee Hills, Hyderabad - 500033,Telangana

CIN : L21022TG1997PLC026542 STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER & YEAR ENDED 31 MARCH, 2023

	, In lakhs except for EPS
	SINo Particulars		Quarter Ended			Year Ended
		31-Mar-2023	31-Dec-2022	31-Mar-2022	31-Mar-2023	31-Mar-2022
		Audited	Unaudited	Audited	Audited
1	Income
	a) Revenue from operations	18470.47	15483.33	17792.27	72992.47	63146.97
	b) Other income	82 .28	42.35	105.25	13764	156.23
	Total Income	18552.75	15525.68	17897.52	73130.11	63303.20
2	Expenses
	a) Cost of materials consumed	10752.10	8947.54	11016.54	43532.34	38481.57
	b) Changes in inventories of finished goods and work-in progress	87.01	117.01	(135.42)	64.03	(822.71)
	c) Employee benefits expense	1110.32	1063.96	1062.17	4360.43	3868.15
	d) Finance costs	130.59	77.61	112.92	387.21	932.33
	e) Depreciation and amortization expenses	821.72	749.46	687.38	3022.89	2642.29
	f) Other expenses	2959.29	2512.38	2670.87	11490.87	9550.56
	Total Expenses	15861.03	13467.96	15414.46	62857.77	54652.19
3	Profit before Exceptional items and tax (1-2)	2691.72	2057.72	2483_06	10272.34	8651.01
4	Exceptional items				-
5	Profit before tax (3-4)	2691.72	2057.72	2483.06	10272.34	8651.01
6	Ta~ expense
	a) Current tax	630.95	368.70	648.27	2366.87	2032.07
	b) Earlier year tax	(372.84)		-	(372.84)	(0.18)
	.- c) Deferred tax	134.10	5791	103.8	235.23	253.59
7	Profit for the period (5-6)	2299.51	1631.11	1731.66	8043.08	6365.53
8	Other Comprehensive Income (net of tax)	-
	a) Items that will not be reclassified to Profit or Loss
	i) Remeasurement of defined benefit plans	(13 .74)	(4.12)	0.86	(26.09)	(15.97)
	ii) Fair value changes in Equity instruments	1916.21	1004.98	(91.38)	3063.69	823.58
9	.- Total Comprehensive Income for the period (7+8)	1- 4201.98	2631.97	1641.14	11080.68	7173.14
	10 Paid up Equity share capital	1- 1658.38	1656.18	1562.80	1658.38	1562.80
11	Other Equity				54211.03	44147.80
	12 Earnings per equity share (Face value of '5) (not Annualised)
	- Basic •	6.94	4.92	5.68	24.40	22.12
	- Diluted·	6.93	4.91	5.41	24.37	21.14

·Current year & periods EPS calculated on enlarged equity as per notes 5 & 6 below.

Notes:

The above results for the quarter and year ended 31 March, 2023 were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meeting held on 3 May, 2023.

2 The Company has only one reportable segment as per the requirements of Ind AS 108 "Operating Segments".
3 Figures for the last quarter are the balancing figures between the audited figures in respect of the full financial year and the published year to date unaudited figures upto the third quarter of the respective financial years.
4 This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
5 During the year, the Company has issued 18,67,518 rights equity shares at an exercise price of U84 upon conversion of share warrants to equity shares. Further the Company has forfeited 26,239 number of detachable warrants which are not exercised/tendered to be converted into equity shares of the Company at the completion of the warrant exercise period as per the terms of Letter of Offer dated October17, 2020.
6 Pursuant to MTPL ESOS-2016 Scheme, during the year, the Company has issued 28,305 & 15,825 equity shares at an exercise price of ~246 and ~260 respectively.
7 The Board of Directors have recommended a final dividend of 40% (~2 per share) in addition to interim dividend 80% (~4 per share) on face value of ~5 each declared on 12 April, 2023. Total dividend declared for the financial year 2022-23 is 120% (i.e. ~6 per share) on face value of ~5.

8 Comparative figures have been regrouped/reclassified to conform to the current period's/year's presentation.

Hyderabad 3 May, 2023

MOLD-TEK PACKAGING LIMITED

• Registered Office: Plot No_700, 8-2-293/82/A/700 Road No.36_ Jubilee Hills, Hyderabad - 500033,Telangana. ClN : l21022TG1997PlC026542

STATEMENT OF ASSETS & LIABILITIES:

		'I: In lakhs
Particulars	As at 31 March, 2023 (Audited)	As at 31 March, 2022 (Audited)
I. ASSETS
1. NON·CURRENT ASSETS
(a) Property, Plant and Equipment	36569.55	25725.96
(b) Capital work·in·progress	1669.42	1383.78
(c) Investment property	4_84	4.97
(d) Intangible assets	27079	65.31
(e) Intangible assets under development		98.12
(f) Right·of·use assets	757.77	37033
(g) Financial assets
Investments	516800	1708.55
Other financial assets	481.78	396.13
(h) Other non-current assets	719.70 45641.85	588.03 30341.18
2. CURRENT ASSETS
(a) Inventories	8515.82	9590.42
(b) Financial assets
(i) Trade receivables	1233725	14301.18
(ii) Cash and cash equivalents	488.17	411.98
(iii) Bank balances other than (ii) above	153.94	1219.39
(iv) Loans	72.37	61.44
(v) Other financial assets	528.46	315,35
(c) Current tax assets (net)	116.86	153.60
(d) Other current assets	1708.87	1021.51 27074.87
	23921.74
TOTAL ASSETS	69563.59	57416.05
II. EQUITY AND LIABILITIES 1. EQUITY
(a) Equity share capital	1658.38	1562.80
(b) Other equl(y	54211.03	44147,80
	55869.41	45710.60
2. NON·CURRENT LIABILITIES
(a) Financial liabilities (i) Borrowings	134669	2537.29
(ii) Lease liabilities		9.49
(b) Provisions	372.87	377.60
(c) Deferred tax liabilities (net)	2095.39	1473 17
(d) Other non·current liabilities	22.16	23.01
	3837.11	4420.56
3. CURRENT LIABILITIES
(a) Financial liabilities
(i) Borrowings	3380.80	1864.23
(ii) Trade payables
a) dues to micro enterprises and small enterprises	27.82	32.27
b) dues to creditors other than micro and small enterprises	3300.90	3138.95
(iii) Other financial liabilities	2427.39	1514.05
(iv) Lease liabilities	9.50	29.52
(b) Current tax liabilities (net)		54.92
(c) Other current liabilities (d) Provisions	563.50 147.16	536.11 114.84
	9857.07	7284.89

TOTAL EQUITY AND LIABIlITIES	69563.59	57416.05

Hyderabad 3 May, 2023

MOLD-TEK PACKAGING LIMITED

Registered Office: Plot No.700, 8·2·293/82/A/700 Road No.36 Jubilee Hills, Hyderabad ·500033,Telangana CIN : L21022TG1997PLC026542

STATEMENT OF CASH FLOWS:

		~Inlakhs
	For the year ended 31	For the year ended
Particulars	March,2023	31 March, 2022
	(Audited)	(Audited)
Cash flow from operating activities
Profit before tax	10272.34	8651.01
Adjustments for:
Depreciation and amortisation expense	3091.38	2692.33
(Profit)/Ioss on disposal of property, plant and equipment (net)	(10.88)	7.35
5hare based payments to employees	8.34	16.99
Provision for bad and doubtful debts (net)	32.29	13.75
Bad debts written off	5.91	0.00
Amortisation of government grants	1.14	1.69
Creditors written back	-	(47.19)
Foreign exchange fluctuation gain	(83.34)	(2.25)
Finance costs	387.21	932.33
Dividend income	(6.35)	(52.93)
Profit on sale of investments	-	(11.16)
Change in operating assets and liabilities (Increase)/decrease in trade receivables	1925.72	(5300.50)
(Increase)/decrease in financial assets other than trade receivables	759.63	(1287.62)
(Increase)/decrease in other assets	(202.39)	(721.06)
(Increase)/decrease in inventories	1074.60	(2508.40)
Increase/(decrease) in trade payables	157.50	(369.11)
Increase/(decrease) in other financial liabilities	906.39	(10.23)
Increase/(decrease) in provisions	(7.26)	31.33
Increase/(decrease) in other liabilities	(0.61)	202.67
Cash generated from operations	18311.62	2239.00
Income taxes paid	(2413.85)	(1987.31)
Net cash inflow/(outflow) from operating activities	15897.77	251.69
Cash flows from investing activities
Purchase of property, plant & equipment, intangible assets & right of use	(14548.20)	(5002.37)
assets

(Increase)/decrease in capital work-in-progress and intangible assets	(187.51)	(309.94)
under development
(Increase)/Decrease in capital advances	(131.67)	(282.53)
Dividend income	6.35	52.93
Proceeds from sale of investments (net)	-	11.16
Proceeds from sale of Property, plant & equipment	27.45	50.96
Net cash inflow/(outflow) from investing activities Cash flow from financing activities	(14833.58)	(5479.79)
Proceeds from non·current borrowings		2000.00
Repayment of non-current borrowings	(1135.57)	(927.63)
Proceeds/(repayment) from current borrowings	1457.81	(7492.80)
Dividend paid including corporate dividend tax	(2601.01)	(1132.92)
Increase in securities premium	3461.15	13584.47
Increase/(Decrease) in money received against share warrants	(1876.20)	354.50
Proceeds from issue of share capital	95.58	167.28
Interest paid	(389.76)	(946.67)
Net cash inflowj(outflow) from financing activities	(988.00)	5606.23
Net increase/(decrease) in cash and cash equivalents	76.19	378.13
Cash and cash equivalents at the beginning of the year	411.98	33.85
Cash and cash equivalents at the end of the year	488.17	411.98

Hyderabad 3 May, 2023

PERFORMANCE HIGHLIGHTS: Q4 & FY'23

PRESS RELEASE

Date: 03.05.2023

ANNUAL PERFORMANCE

Net Profit increased by 26.35% to ₹80.43 crores as compared to ₹63.65 crores in the previous corresponding period.
Sales Volume improved by 16.30% to 34,014 MT from 29,250 MT
Revenue from operations increased by 15.59% to ₹729.92 crores from ₹631.47 crores

QUARTERLY PERFORMANCE (Q4 FY23 VS Q4 FY22)

Net Profit increased by 32.79% to ₹23 crores from ₹17.32 crores
EBDITA for the quarter increased by 10.98% to ₹36.44 crores from ₹32.83 crores
Sales Volume improved by 8.01% to 9067 MT from 8395 MT

QUARTERLY PERFORMANCE (Q4 FY23 VS Q3 FY23)

Net Profit increased by 40.95% to ₹23 crores from ₹16.31 crores
Sales Volume increased by 20.10% to 9067 MT from 7550 MT

COMPANY'S PERFORMANCE FOR THE Q4& FY2023:

Hyderabad 3rd May, 2023: "Mold-Tek Packaging Limited today announced their financial results for the quarter and 12 months ended March 31, 2023. Overall, on 12 month basis "the Food and FMCG-pack business grew at 32.62%, Lubepack business recorded 30.71% growth and Paint-pack business registered a 5.64% growth in volumes.

Commenting on this year performance, Mr J Lakshmana Rao said that, in FY23 Company achieved excellent volume growth of 16.30% and recorded highest profits ever and poised to maintain similar or better volume growth in the near future.

In FY23, Paint Pails constitute 49.13% share of our company revenue, Lubes-Packs business is 24.62% and Food & FMCG is 26.26%. The revenues from new projects are expected to flow from next financial year. The Paint volumes should start picking up from Q1 as the busy season starts from April onwards for the paint industry.

MOLDTEK PACKAGING LIMITED

RECORD VOLUME GROWTH OF 16.30% & PAT UP BY 26.35% YOY

PERFORMANCE HIGHLIGHTS: Q4 & FY'23

NEW PRODUCTS & DEVELOPMENTS:

At Sultanpur Hyd, Company started Food and FMCG Products manufacturing. However the pharma division will start operations around August, 2023 onwards.

SULTANPUR COMMERCIAL SUPPLIES:

Construction of Sultanpur,Hyd plant (Block-A) has been completed (84000 sft) and started commercial supplies with effect from 28.03.23.

STATUS OF NEW PLANTS FOR ABG:

Company has acquired land at 11210 Square Meters at Cheyyar and 7875 Square Meters at Panipat for setting up of 2 new manufacturing plants for Aditya Birla Group. The Panipat plant will be ready in December, 2023 and Cheyyar plant will be operational by March, 2024. Company is actively looking for Land at Mahad, Maharashtra.

CAPEX ON NEW PLANTS AND ADDITIONAL CAPACITIES:

As announced earlier, Company has spent Rs 130 crores during the year on the new projects/manufacturing facility at Sultanpur, Daman, Cheyyar and Panipat and additional capacities were added at Unit-1, Unit8 and Unit-9 and enhanced Unit-6 printing capacity. This is historically highest annual investment by the Company. Company has plans to invest similar amount during the FY23-24 on 3 plants for ABG, Pharma division at Sultanpur, Hyderabad, Daman-II and Sandila-UP projects.

NEW CUSTOMERS:

During this quarter, the Company bagged new orders from the reputed Companies like Red Bucket Biryani, Pidilite Paints, Aayu International, Libero Enterprises, Gemini Edibles, Living Foods, Aries Agro etc.

DIVIDEND:

The Board of Directors recommended a final dividend of ₹ 2 per equity share (40%). The Company has already distributed interim dividend of ₹ 4 per equity share (80%) in March 2023 for FY 2022-23. Total dividend of ₹ 6 per equity share (120%) was declared for FY 2022-23.

SOLAR POWER:

Company has completed installing of roof-top solar power across all Manufacturing units and this will result into a 5 to 10% saving in power cost in the years to come.

ABOUT MOLDTEK PACKAGING LIMITED

J LAKSHMANA RAO CHAIRMAN AND MANAGING DIRECTOR DIN: 00649702

Moldtek Packaging Limited is the leader in manufacturing injection moulded rigid plastic packaging containers (BSE Code: 533080). Established in 1986, one of the leading players in rigid plastic packaging in India. Publicly listed in 1993. 10 Manufacturing Units, 2 stock points PAN India. Current installed Injection molding capacity of over 45,000 TPA. Mold-tek has been the innovator and torch bearer in introducing many world class packaging products in India for Lubes, Paints, Food and FMCG products. Mold-tek is the first Company in India to introduce "In-Mold Labeling (IML)" concept for decorating plastic containers using ROBOTS. IML enables photographic quality decoration with complete hygienic and hands free production of containers suitable for food and FMCG products. Mold-Tek is the only packaging Company in the world to design and manufacture in house ROBOTS for the IML decoration apart from manufacturing IML Labels in-house.

AI assistant

Mold-Tek Packaging Limited Earnings Release 2023

62507_rns_2023-05-03_44b0b890-ccf8-41bb-9a21-38096563db89.pdf

MTPL/SECT/016/2023-24 Date: 3rd May, 2023