Unaudited Financial Results (Quarter Ended 30 June 2026)

Standalone Results:

  • Revenue from operations: ₹589.20 crore (Net of GST)
  • Other income: ₹0.11 crore
  • Total revenue: ₹589.31 crore
  • Total expenses: ₹581.24 crore
  • Profit before tax: ₹13.42 crore
  • Net profit for the period: ₹13.42 crore
  • Paid-up equity share capital: ₹34.94 crore (Face value ₹10 per share)
  • Basic EPS: ₹0.04
  • Diluted EPS: ₹0.04

Consolidated Results:

  • Revenue from operations: ₹589.20 crore (Net of GST)
  • Other income: ₹0.11 crore
  • Total revenue: ₹589.31 crore
  • Total expenses: ₹581.24 crore
  • Profit before tax: ₹13.42 crore
  • Net profit for the period: ₹13.42 crore
  • Paid-up equity share capital: ₹34.94 crore (Face value ₹10 per share)
  • Basic EPS: ₹0.04
  • Diluted EPS: ₹0.04

Comparative Figures (Standalone):

  • Previous quarter (31 March 2026): Net profit ₹106.38 crore, Revenue ₹513.44 crore
  • Corresponding quarter previous year (30 June 2025): Net profit ₹1.21 crore, Revenue ₹741.45 crore

Notes on Financial Results:

  • The company's repair and maintenance work continued until April 2026
  • Production operations recommenced on 2 May 2026 after machine restart
  • Figures for corresponding previous period have been restated/regrouped for comparability
  • Wholly owned subsidiary Satara Aerospace and Defence Industrial Park Pvt. Ltd. has not yet commenced operations, contributing no revenue
  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS)

Appointment of Managing Director

  • Mrs. Deepa Agarwal (DIN: 00452947) appointed as Managing Director effective 12 August 2026
  • Appointment subject to approval of members at ensuing Annual General Meeting
  • Mrs. Agarwal holds B.A. (Hons.) and belongs to a reputable business family
  • She is actively involved in operations of private companies and holds directorships in fifteen other companies
  • She holds 2,286,800 shares in the company
  • She is related to Ms. Aarushi Chandra (Director of the Company) as her mother
  • Not debarred from holding office of Director by any SEBI order or authority

Proposed Kraft Paper Manufacturing Project

  • Through wholly owned subsidiary Kay Pulp and Paper Mills Private Limited (incorporated 15 July 2026)
  • State-of-the-art Kraft Paper Manufacturing Plant with modern machinery and advanced technology
  • Installed production capacity: 75,000 Tonnes Per Annum (TPA)
  • Expected commissioning during Financial Year 2027-28
  • Commercial production anticipated to commence thereafter
  • Financial performance expected to reflect in consolidated financial statements from FY 2028-29 onwards
  • Expected revenue during first year of commercial operations: approximately ₹200 crore
  • Project currently at planning/development stage

Board Meeting Details

  • Meeting held on Wednesday, 12 August 2026
  • Commenced at 03:00 PM and concluded at 03:45 PM
  • Financial results reviewed by audit committee and approved by Board of Directors

Auditor Review

  • Limited review conducted by Ankush Shinde & Company, Chartered Accountants (FRN: 148983W)
  • Unmodified review opinion issued on both standalone and consolidated financial results
  • Review conducted in accordance with Standard on Review Engagements (SRE) 2410
  • Nothing came to attention that causes belief of material misstatement