B&A Packaging CFO Goutamanshu Mukhopadhyay’s tenure ends as successor takes over

INDIA – B&A Packaging India Limited has announced that Chief Financial Officer Goutamanshu Mukhopadhyay ceased to hold office effective 31 August 2026 upon completion of his three-year tenure, with Sabitabrata Mondal appointed as the new CFO from 1 September 2026 to ensure continuity in financial leadership.

Mukhopadhyay, who had served as CFO completed a three-year service agreement entered into on 5 September 2023 under Section 203 of the Companies Act 2013. 

The company informed the Bombay Stock Exchange on 1 September 2026 regarding the change in Key Managerial Personnel, with Managing Director Somnath Chatterjee signing the intimation letter. 

While the departure is viewed as a routine transition, the timing comes as B&A Packaging reports declining full-year net profit of Rs 7.06 crore (US$845,000), down 28.18 percent from Rs 9.83 crore (US$1.18 million) in FY25, despite sales rising 8.55 percent to Rs 142.19 crore (US$17.0 million). 

New CFO Appointment and Strategic Context

The company had already appointed Sabitabrata Mondal as the new Chief Financial Officer effective 1 September 2026, with the Board approving the appointment on 7 August 2026.

The transition comes amid a significant capacity expansion, with B&A Packaging investing Rs 15 crore (US$1.8 million) in a new machinery facility for Flexible Laminates production at its Balasore plant, Odisha, expected to add 4,800 metric tonnes per annum in a phased manner. 

The company’s operations include 3,354 MT per annum existing capacity across its paper sacks and flexi-packaging business. Mukhopadhyay’s departure coincides with the company’s modernisation drive and expansion of its flexible laminates division. 

The new machinery for the flexible laminates unit at Balasore is being installed as part of the expansion, which is expected to strengthen the company’s position in the flexible packaging market.

Market Position amid Transition

The transition in financial leadership is not expected to disrupt core operations, with the company’s established management systems ensuring continuity in financial reporting and strategic execution. 

The new CFO joins as the company pursues its goal of expanding manufacturing capabilities to meet growing demand for flexible packaging solutions across the food processing, pharmaceutical and consumer goods sectors. 

The company’s modernisation programme at its Balasore plants includes installation of new poly plant accessories in the flexi unit and new machinery in the flexible division, resulting in significant cost reduction and increased output.

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