AGM Details

  • Date and Time: Monday, September 28, 2026 at 09:00 AM IST
  • Venue: Registered Office at 241, Village Bebedohal, Tal. Maval, Pune - 410506
  • Cut-off Date for E-voting: Monday, September 21, 2026
  • E-voting Period: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
  • E-voting Provider: MUFG Intime India Private Limited
  • E-voting Event Number: 260785
  • Scrutinizer: M/s Ragini Chokshi & Co., Practicing Company Secretaries

Business Items to be Transacted

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt audited financial statements for FY ended March 31, 2026 together with reports of Board of Directors and Auditors

2. Reappointment of Director: To approve reappointment of Mrs. Sadhana Kanoria (DIN: 00084309) as Non-Executive Director who retires by rotation

Special Business

3. Continuation of Directorship: Special resolution to approve continuation of Mr. Ramesh Kumar Chaudhary (DIN: 00080136) as Non-Executive Director upon attaining age of 75 years

4. Related Party Transactions: Ordinary resolution to review and revise limits for entering into related party transactions with specified parties:

  • Gautam Chaudhary (salary payments up to ₹50 lakh)
  • Piyush Kanoria (salary payments up to ₹50 lakh)
  • Pritu Chaudhary (salary payments up to ₹50 lakh)

5. Cost Auditor Remuneration: Ordinary resolution to ratify remuneration of ₹20,000 plus out-of-pocket expenses to M/s. K.N. Chaubey & Associates, Cost Accountants for FY 2026-27

Financial Performance Highlights (FY 2025-26)

  • Revenue from Operations: ₹2,802.36 lakh (8.75% increase from FY25 ₹2,576.91 lakh)
  • Total Income: ₹2,804.08 lakh (8.65% increase from FY25 ₹2,580.72 lakh)
  • Total Expenses: ₹2,781.52 lakh (8.64% increase from FY25 ₹2,560.24 lakh)
  • Profit Before Tax: ₹225.59 lakh (10.14% increase from FY25 ₹204.82 lakh)
  • Profit After Tax: ₹159.87 lakh (2.96% increase from FY25 ₹155.27 lakh)
  • Tax Expense: ₹65.72 lakh (32.63% increase from FY25 ₹49.55 lakh)
  • Earnings Per Share: ₹1.48 (FY25: ₹1.44)
  • No dividend recommended for FY 2025-26

Capital Structure

  • Authorized Share Capital: ₹11,00,00,000 (1,10,00,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹10,78,88,860 (1,07,88,886 equity shares of ₹10 each)
  • Net Worth: ₹3,225.98 lakh

Key Appointments and Changes

  • Mr. Yash Mishra appointed as Company Secretary and Compliance Officer from April 29, 2025 (ceased June 10, 2026)
  • Mr. Ratan Kumar Singh ceased as Independent Director from March 20, 2026
  • Mr. Manish Kumar appointed as Chairman from March 20, 2026 (ceased August 31, 2026)
  • Mr. Dinesh Chandra Pandey appointed as Company Secretary from August 18, 2026
  • Mr. Ramesh Kumar Chaudhary reappointed as Chairman from August 31, 2026

Related Party Transactions

Transactions proposed with related parties for salary payments totaling ₹150 lakh (₹50 lakh each to three relatives of directors). All transactions are in ordinary course of business at arm's length basis.

Corporate Governance

  • Board consists of 7 directors (3 Independent, 3 Non-Executive, 1 Managing Director)
  • 6 Board meetings held during FY 2025-26
  • All mandatory committees constituted (Audit, Nomination & Remuneration, Stakeholders Relationship)
  • Familiarization program conducted for independent directors on March 21, 2026

Operational Highlights

  • Business: Manufacturing of Kraft Paper, Newsprint, and Writing & Printing Paper
  • Employee Strength: 164 permanent employees as of March 31, 2026
  • Plant Location: 241, Village Bebedohal, Tal. Maval, Pune, Maharashtra
  • Market Position: Diversified presence across multiple paper segments

Energy Conservation

  • Electricity consumption: 1,53,19,449 units (₹11.60/unit)
  • Coal consumption: 27,575.62 MT (₹8,597.56/MT)
  • Specific consumption: 182.71 units/MT of electricity, 328.88 kg/MT of coal

Foreign Exchange

  • Earnings: ₹628.48 lakh
  • Outgo: ₹1,281.60 lakh

Pending Litigation

  • Maharashtra VAT demand of ₹138.54 lakh for FY 2008-09 (under appeal)
  • Central Sales Tax demand of ₹138.11 lakh for FY 2008-09 (under appeal)
  • ₹12.22 lakh deposited as appeal fees

Voting Instructions

Detailed e-voting instructions provided for shareholders holding shares in both physical and dematerialized form through NSDL and CDSL platforms.