Borosil Scientific Limited - musical instruments in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L74999MH1991PLC061851 Incorporated 29 May 1991 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: BOROSCI · BSE: 544184 Public Limited Company musical instruments
Data last updated
Market Cap
₹959 Cr
BOROSCI · NSE
Share Price
₹111.56
+3.51% today
Revenue
₹467 Cr
FY 2025-26 · +6.6% YoY
EBITDA
₹53.66 Cr
Margin 11.5%
Net Profit
₹40.23 Cr
FY 2025-26 · +50.2% YoY
P/E (TTM)
20.1x
P/B 2.1x
ROE
9.5%
ROCE 11.9%
Debt / Equity
0.03
Interest cover 3.3x

About Borosil Scientific Limited

Data last updated:

Borosil Scientific Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Borosil Limited. It operates in the musical instrument segment of the musical instruments sector. It was incorporated on 29 May 1991 and has been in existence for over 35 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L74999MH1991PLC061851. Its GSTIN is 27AAACK1797R1ZR (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 544184 and NSE: BOROSCI.

The company has an authorised share capital of ₹35.5 Cr and a paid-up capital of ₹8.89 Cr. It was formerly known as Klass Pack Limited and Klass Pack Private Limited. It is led by directors including Vinayak Patankar Madhukar (Whole-Time Director) and Pradeep Kumar Kheruka.

Its last annual general meeting (AGM) was held on 11 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹467.34 Cr, a growth of 6.6% compared to the previous year. For the same year it recorded a net profit of ₹40.23 Cr (net margin 8.6%) and EBITDA of ₹53.66 Cr (EBITDA margin 11.5%). The net worth stands at ₹441.3 Cr (up 9.1% YoY). Total assets are valued at ₹454.18 Cr (up 7% YoY).

The company has about 174 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Borosilscientific. As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹51.28 Cr on record. Court records list 12 cases involving the company, including 4 filed by the company and 8 filed against it; 10 cases are pending. The company has 14 deals on record (5 funding rounds, 5 secondary share transfers, 3 rights issues), with disclosed funding of ₹22 Cr; the latest was in March 2022. Its 10 peer companies in the Packaging industry (Pharma Packaging), with the same principal business activity (other manufacturing including jewelry, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 5 larger and 5 smaller; the largest is Airnov India Limited with revenue of ₹134.65 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website borosilscientific.com.

Company details

CIN L74999MH1991PLC061851
Registration Number 061851
Incorporation Date 29 May 1991
ROC Mumbai
Listing Status Listed - Listed on NSE (BOROSCI); Listed on BSE (544184)
Company Status Active
Date of Last AGM 11 August 2025
Date of Balance Sheet 31 March 2026
Parent Company Borosil Limited
Compliance Status Active Compliant

Name history

Borosil Scientific has undergone 2 name changes throughout its history. The company was previously known as Klass Pack Limited, and Klass Pack Private Limited. The current legal name is Borosil Scientific Limited.

Company NameStatus
Borosil Scientific LimitedCurrent
Klass Pack LimitedPrevious
Klass Pack Private LimitedPrevious

CIN history

Borosil Scientific has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74999MH1991PLC061851, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L74999MH1991PLC061851Current
U74999MH1991PTC061851Previous
U74999MH1991PLC061851Previous

Contact details

Borosil Scientific Limited's registered office is in Mumbai, Maharashtra.

  • Social Media
  • Registered Address
    1101 11th Floor Crescenzo G – Block Plot No C – 38 Opp. Mca Club Bandra Kurla Complex Ban, Dra (East), Mumbai, Maharashtra, India – 400051
  • Industry
    Musical Instruments, Musical Instrument, Manufacturing, Sports Goods, Jewellery
Comprehensive company report
Borosil Scientific Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Borosil Scientific operates one associated brand: Borosilscientific. Each brand links to its own profile.

BrandDescriptionWebsite
Laboratory glassware, instruments, and pharmaceutical packaging are manufactured.borosilscientific.com

Financials of Borosil Scientific Limited

FY 2025-26 filings available

Borosil Scientific Limited reported revenue of ₹467.34 Cr (up 6.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹467 Cr
+6.6% YoY
EBITDA
₹53.66 Cr
+2.0% YoY
Profit After Tax
₹40.23 Cr
+50.2% YoY
Net Worth
₹441 Cr
+9.1% YoY
Total Assets
₹454 Cr
+7.0% YoY
Total Debt
₹8.63 Cr
-40.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24
Income statement
Revenue467438396
Revenue growth+6.6%+10.7%-
EBITDA53.6652.5946.67
EBITDA margin+11.5%+12.0%+11.8%
Profit before tax42.8440.3931.54
Net profit40.2326.7923.45
Net profit margin+8.6%+6.1%+5.9%
EPS (₹)3.893.012.65
Balance sheet
Total assets454425399
Net worth441404376
Total debt8.6314.4417.77
Cash & bank13.7515.0513.84
Net working capital127130204
Cash flow
Cash from operations43.2712030.00
Cash from investing(37.22)(115)(2.34)
Cash from financing(6.20)(3.40)(16.10)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue11510714312110795.98129101
Revenue growth (YoY)+7.5%+11.2%+10.6%+19.6%+3.8%-7.9%--
Other income2.412.672.062.422.152.922.591.86
EBITDA10.708.4532.1115.278.03(1.74)16.5610.01
EBITDA margin+9.3%+7.9%+22.4%+12.6%+7.5%-1.8%+12.8%+9.9%
Depreciation5.224.894.764.794.814.884.704.58
Interest0.220.250.260.260.230.380.440.35
Profit before tax7.675.9829.1512.645.14(4.08)14.016.94
Tax2.371.621.903.952.280.135.402.66
Net profit5.304.3627.258.692.86(4.21)8.614.28
EPS (₹)0.600.493.060.980.32(0.47)0.980.48
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Income statement
Revenue428392356326
Revenue growth+8.9%+10.1%+9.4%-
EBITDA61.5158.2452.4050.72
EBITDA margin+14.4%+14.8%+14.7%+15.6%
Profit before tax53.7548.3140.0043.12
Net profit46.3935.1231.5530.60
Net profit margin+10.9%+9.0%+8.9%+9.4%
EPS (₹)4.473.943.54106.54
Balance sheet
Total assets463426394366
Net worth462420383352
Total debt0.885.5611.1710.79
Cash & bank12.8614.5813.131.77
Net working capital120122197178
Cash flow
Cash from operations50.4612732.09(56.78)
Cash from investing(46.68)(121)(19.91)49.82
Cash from financing(4.34)(4.90)(0.87)7.32
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue10499.9013210799.4889.0111893.65
Revenue growth (YoY)+4.7%+12.2%+12.1%+14.4%+13.9%-4.7%--
Other income2.622.802.122.642.373.062.651.77
Total expenses93.0088.8310191.2187.2386.7696.3581.74
EBITDA11.1911.0731.1015.9112.252.2521.3511.91
EBITDA margin+10.7%+11.1%+23.6%+14.9%+12.3%+2.5%+18.1%+12.7%
Depreciation4.814.454.324.354.394.474.304.18
Interest0.080.100.060.090.090.180.180.18
Profit before tax8.929.3228.8414.1110.140.6619.529.32
Tax2.682.467.313.892.610.205.352.64

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 06 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue11510714312110795.98129101
Revenue growth (YoY)+7.5%+11.2%+10.6%+19.6%+3.8%-7.9%--
Other income2.412.672.062.422.152.922.591.86
EBITDA10.708.4532.1115.278.03(1.74)16.5610.01
EBITDA margin+9.3%+7.9%+22.4%+12.6%+7.5%-1.8%+12.8%+9.9%
Depreciation5.224.894.764.794.814.884.704.58
Interest0.220.250.260.260.230.380.440.35
Profit before tax7.675.9829.1512.645.14(4.08)14.016.94
Tax2.371.621.903.952.280.135.402.66
Net profit5.304.3627.258.692.86(4.21)8.614.28
EPS (₹)0.600.493.060.980.32(0.47)0.980.48
ParticularsFY 2025-26FY 2024-25FY 2023-24
Revenue467438396
Revenue growth+6.6%+10.7%-
Other income9.557.824.02
Total expenses414386349
Employee cost80.2077.0875.24
EBITDA53.6652.5946.67
EBITDA margin+11.5%+12.0%+11.8%
Depreciation19.2418.4716.45
Interest1.131.552.70
Profit before tax42.8440.3931.54
Tax8.2613.668.07
Net profit40.2326.7923.45
Net profit margin+8.6%+6.1%+5.9%
EPS (₹)3.893.012.65
ParticularsFY 2025-26FY 2024-25FY 2023-24
Equity & liabilities
Share capital8.898.898.88
Reserves & surplus432395367
Shareholders' funds (net worth)441404376
Minority interest0.190.220.30
Secured loans7.7513.8215.43
Unsecured loans0.880.622.34
Total debt8.6314.4417.77
Total liabilities454425399
Assets
Gross block297280267
Net block189187192
Capital work in progress8.811.431.03
Investments1221050.01
Inventories10396.5396.86
Sundry debtors75.7370.5661.48
Cash & bank balances13.7515.0513.84
Loans & advances20.2422.39118
Total current assets213205291
Total current liabilities85.4974.4387.03
Net working capital127130204
Total assets454425399
ParticularsFY 2025-26FY 2024-25FY 2023-24
Opening cash13.3212.130.57
Net cash from operating activities43.2712030.00
Net cash from investing activities(37.22)(115)(2.34)
Net cash from financing activities(6.20)(3.40)(16.10)
Net change in cash(0.15)1.1911.56
Closing cash13.7515.0513.84
ParticularsFY 2025-26FY 2024-25FY 2023-24
Growth
Sales growth+6.6%+10.7%-
EBITDA growth+2.0%+12.7%-
PBT growth+6.1%+28.1%+9997.0%
Net income growth+50.2%+14.2%-
Profitability & leverage
Net income margin+7.4%+6.1%+5.9%
Return on capital employed+11.9%+10.2%+8.6%
Return on net worth+9.5%+6.9%+6.3%
Debt / equity0.030.040.05
Long-term debt / equity0.000.010.01
Interest cover3.284.548.93
Efficiency & per share
Fixed asset turnover1.621.601.48
Inventory turnover4.684.534.09
Debtors turnover6.396.646.44
EPS (₹)3.893.012.65
Dividend per share (₹)0.000.000.00
Book value per share (₹)49.6145.4742.33
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue10499.9013210799.4889.0111893.65
Revenue growth (YoY)+4.7%+12.2%+12.1%+14.4%+13.9%-4.7%--
Other income2.622.802.122.642.373.062.651.77
Total expenses93.0088.8310191.2187.2386.7696.3581.74
EBITDA11.1911.0731.1015.9112.252.2521.3511.91
EBITDA margin+10.7%+11.1%+23.6%+14.9%+12.3%+2.5%+18.1%+12.7%
Depreciation4.814.454.324.354.394.474.304.18
Interest0.080.100.060.090.090.180.180.18
Profit before tax8.929.3228.8414.1110.140.6619.529.32
Tax2.682.467.313.892.610.205.352.64
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Revenue428392356326
Revenue growth+8.9%+10.1%+9.4%-
Other income10.187.764.085.03
Total expenses366334304275
Employee cost64.5360.4561.2458.34
EBITDA61.5158.2452.4050.72
EBITDA margin+14.4%+14.8%+14.7%+15.6%
Depreciation17.5216.9115.0611.65
Interest0.420.781.420.98
Profit before tax53.7548.3140.0043.12
Tax14.0213.308.5312.63
Net profit46.3935.1231.5530.60
Net profit margin+10.9%+9.0%+8.9%+9.4%
EPS (₹)4.473.943.54106.54
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Equity & liabilities
Share capital8.898.898.880.29
Reserves & surplus453411374343
Shareholders' funds (net worth)462420383352
Secured loans0.004.948.948.78
Unsecured loans0.880.622.232.01
Total debt0.885.5611.1710.79
Total liabilities--394366
Assets
Gross block261245233209
Net block156155159150
Capital work in progress8.801.411.038.11
Investments17514640.7832.41
Inventories95.0087.6588.8197.29
Sundry debtors71.8663.6352.7340.93
Cash & bank balances12.8614.5813.131.77
Loans & advances17.5619.6011792.57
Total current assets197185271233
Total current liabilities77.1563.7574.8154.27
Net working capital120122197178
Total assets463426394366
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Opening cash13.2511.800.490.13
Net cash from operating activities50.4612732.09(56.78)
Net cash from investing activities(46.68)(121)(19.91)49.82
Net cash from financing activities(4.34)(4.90)(0.87)7.32
Net change in cash(0.56)1.4411.310.36
Closing cash12.8614.5813.131.77
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Growth
Sales growth+8.9%+10.1%+9.4%-
EBITDA growth+5.6%+11.2%+3.3%-
PBT growth+11.3%+20.8%-7.2%+9997.0%
Net income growth+32.1%+11.3%+3.1%-
Revenue CAGR (3Y)+9.5%---
EBITDA CAGR (3Y)+6.6%---
Profitability & leverage
Net income margin+9.3%+8.9%+8.8%+9.4%
Return on capital employed+14.2%+12.0%+10.9%+19.2%
Return on net worth+10.5%+8.7%+8.6%+13.7%
Debt / equity0.010.020.030.02
Long-term debt / equity0.000.000.010.01
Interest cover0.951.893.802.51
Efficiency & per share
Fixed asset turnover1.691.641.612.24
Inventory turnover4.684.453.835.63
Debtors turnover6.316.757.6111.67
EPS (₹)4.473.943.54106.54
Dividend per share (₹)0.000.000.000.00
Book value per share (₹)51.9247.2543.151,200.45

To see the full year-wise statements and ratios of Borosil Scientific Limited, buy the company report.

Board of directors of Borosil Scientific Limited

Borosil Scientific has 6 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vinayak Patankar MadhukarWhole-Time Director29 Jul 201610 Years 3 MonthsCurrent
Pradeep Kumar KherukaDirector29 Jul 201610 Years 3 MonthsCurrent
Shreevar KherukaDirector29 Jul 201610 Years 3 MonthsCurrent
Kewal Kundanlal HandaDirector23 Nov 20232 Years 11 MonthsCurrent
Anupa Rajiv SahneyDirector23 Nov 20232 Years 11 MonthsCurrent
Chandra Kishore MishraDirector12 Feb 20242 Years 8 MonthsCurrent

Peer comparison

Borosil Scientific Limited is compared with the 10 companies closest to it by revenue in the Packaging industry (Pharma Packaging), with the same principal business activity (other manufacturing including jewelry, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Borosil Scientific Limitedthis company₹467.34 Cr (FY 2026)₹40.23 Cr8.6%6.6%Mumbai, Maharashtra, India
Airnov India Limited₹134.65 Cr (FY 2025)3.0%Cuddalore, Tamil Nadu, India
Cilicant Private Limited₹129.02 Cr (FY 2024)36.0%Pune, Maharashtra, India
Indian Cork Mills Private Limited₹115.42 Cr (FY 2024)6.0%Mumbai, Maharashtra, India
Bharat Rubber Works Private Limited₹110.66 Cr (FY 2025)19.0%Mumbai, Maharashtra, India
Medicap Healthcare Limited₹110 Cr (FY 2025)7.0%Vadodara, Gujarat, India
Doctor Pack India Private Limited₹102.93 Cr (FY 2025)30.0%Bangalore, Karnataka, India
Universal Medicap Limited₹91.31 Cr (FY 2025)18.0%Vadodara, Gujarat, India
Accu Pack Engineering Private Limited₹89.2 Cr (FY 2025)11.0%Navi Mumbai, Maharashtra, India
Autofits Packaging Private Limited₹86.38 Cr (FY 2025)10.0%Nashik, Maharashtra, India
Nugenic Pharma Private Limited₹79.17 Cr (FY 2025)-2.0%Baddi, Himachal Pradesh, India

To see the full peer comparison of Borosil Scientific Limited, buy the company report.

Charges & borrowings

Open charges
₹10 Cr
Satisfied charges
₹51.28 Cr
Breakdown by lending institutions
Others₹10.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
25 Mar 2022100554970Others₹10 CrOpen
27 Sep 201310455643The Bharat Co-Operative Bank(Mumbai) Ltd₹1.75 CrSatisfied
05 Jan 201310400091The Bharat Co-Operative Bank (Mumbai) Limited₹3.21 CrSatisfied
31 Jul 201210371461The Bharat Co-Operative Bank (Mumbai) Limited₹2.1 CrSatisfied
09 Dec 201110325061The Bharat Co-Operative Bank (Mumbai) Limited₹5 CrSatisfied

To see the full charge records of Borosil Scientific Limited, buy the company report.

Total charge records: 15 View all charges

Deals & funding

Borosil Scientific Limited has 14 deals on record (5 funding rounds, 5 secondary share transfers, 3 rights issues), with disclosed funding of ₹22 Cr; the latest was in March 2022.

Total deals
14
Funding rounds
5
Secondary share transfers
5
Rights issues
3
Acquisition
1
Disclosed funding
₹22 Cr

Deals on record (5 of 14)

WhenDealAmountParties
Jan 2022Funding round₹20 CrInvestors: Borosil Limited
Feb 2020Secondary share transferUndisclosedBuyer: Borosil Limited
Seller: Borosil Renewables Limited
Aug 2019Rights issue₹6.09 CrInvestors: Borosil Renewables Limited
Mar 2019Rights issue₹4.14 CrInvestors: Borosil Renewables Limited
Jul 2018Rights issue₹14.93 CrInvestors: Borosil Renewables Limited

To see the full deal history of Borosil Scientific Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Borosil Scientific Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Borosil Scientific has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACK1797R1ZRMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Borosil Scientific Limited, buy the company report.

Recent activity

Borosil Scientific Limited has 23 board changes on record since 2009: 8 appointments and 15 cessations. The latest: Somnath Shrishail Billur was appointed as CFO on 14 Aug 2024.

Charges
A charge with Others of Rs. 10.00 Cr registered on 25 Mar 2022 with Charge ID 100554970 was modified on 09 Jun 2026.
Filing
Borosil Scientific Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Borosil Scientific Limited last Annual general meeting of members was held on 11 Aug 2025 as per latest MCA records.
Appointed
Somnath Shrishail Billur was appointed as CFO.
Appointed
Sanjay Radheyshyam Gupta was appointed as Company Secretary.
Ceased
Chandra Kishore Mishra ceased to be Additional Director.
Appointed
Chandra Kishore Mishra was appointed as Director.
Ceased
Anupa Rajiv Sahney ceased to be Additional Director.
Ceased
Kewal Kundanlal Handa ceased to be Additional Director.
Appointed
Anupa Rajiv Sahney was appointed as Director.
Appointed
Kewal Kundanlal Handa was appointed as Director.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100554970 was registered on 25 Mar 2022.

48 earlier events are in the company report.

News

BOROSCI: Q2 REVENUE 1.15B RUPEES VS 1.1B (YOY)
28 Oct 2026 · Exchange Update
BOROSCI: Q2 CONS NET PROFIT 53M RUPEES VS 29M (YOY)
28 Oct 2026 · Exchange Update
BOROSCI: Q2 EBITDA 107M RUPEES VS 80M (YOY); Q2 EBITDA MARGIN 9.31% VS 7.51% (YOY)
28 Oct 2026 · Exchange Update
Borosil Scientific: Board Greenlights Glassware Production Expansion; New Bharuch Facility to Boost Output from About 1.5 Million to 10.8 Million Units Annually; ₹60 Crores Investment Planned; Commercial Production Aimed for March 2027.
22 Sep 2026 · Exchange Update

Frequently asked questions

Borosil Scientific is an active public limited company based in Mumbai, Maharashtra, India. The company works in musical instrument, within the musical instruments industry. It was incorporated on 29 May 1991 (35+ years old) and is registered under CIN L74999MH1991PLC061851. Listed on BSE: 544184 and NSE: BOROSCI.

Borosil Scientific reported revenue of ₹467.34 Cr for FY 2025-26 (up 6.6% YoY) based on consolidated financials.

Borosil Scientific has 6 current directors:

The latest financial statements of Borosil Scientific on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 11 August 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Borosil Scientific is 27AAACK1797R1ZR, registered in Maharashtra.

The CIN (Corporate Identification Number) of Borosil Scientific is L74999MH1991PLC061851. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Borosil Scientific is a listed company as per MCA records. Its shares are listed on both BSE (code: 544184) and NSE (symbol: BOROSCI).

Borosil Scientific has 12 court cases on record: 4 filed by the company and 8 filed against it. 10 are pending. Most are in the district courts.

Borosil Scientific was incorporated on 29 May 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.

Borosil Scientific has 14 deals on record (5 funding rounds, 5 secondary share transfers, 3 rights issues), with disclosed funding of ₹22 Cr; the latest was in March 2022.

The peers of Borosil Scientific by revenue are Airnov India Limited, Cilicant Private Limited, Indian Cork Mills Private Limited, Bharat Rubber Works Private Limited, Medicap Healthcare Limited and 5 more, all in the Packaging industry (Pharma Packaging), with the same principal business activity (other manufacturing including jewelry, musical instruments, medical instruments, sports goods, etc. activities).