Rajshree Polypack Limited — Results, 09-07-2025: Reply to Clarification- Financial results

Rajshree Polypack Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company clarified that its consolidated results differ from standalone primarily due to the accounting treatment of its sole joint venture, Olive Ecopak Private Limited. The investment in this JV is accounted for using the equity method, showing as a single line item under non-current assets and reflected as share of profit or loss in the consolidated statement.

During Q3 FY24-25, cumulative losses from the JV exceeded the company's investment, leading to recognition of share of losses only up to the carrying amount, after which no further losses were accounted for as per applicable accounting standards. Consequently, Q4 FY24-25 consolidated and standalone financial results are the same, since no additional JV losses were recognized.

This accounting approach has been audited and confirmed by the statutory auditors, ensuring compliance and transparency in the company’s financial reporting.