Board Meeting Details

The Board of Directors meeting was held on October 30, 2026, at the company's registered office in Nagpur. The meeting commenced at 3:00 PM and concluded at 5:15 PM.

Business Approved

1. Unaudited Standalone Financial Results: The board considered and approved the unaudited standalone financial results for the quarter and half year ended September 30, 2026, along with the Limited Review Report.

2. Internal Auditor Appointment: The board approved the appointment of M/s. Samria Kabra & Associates as internal auditor for the financial year 2026-2027.

Financial Results Highlights (Standalone, ₹ in Lacs)

Quarter Ended September 30, 2026:

  • Net Sales/Income from Operations: ₹11,769.46
  • Other Operating Income: ₹9.88
  • Total Income from Operations: ₹11,779.34
  • EBITDA: ₹679.53
  • Profit before tax: ₹306.03
  • Tax Expense (Deferred Tax): ₹56.82
  • Profit for the period: ₹249.20
  • Basic EPS: ₹1.46
  • Diluted EPS: ₹1.46

Half Year Ended September 30, 2026:

  • Net Sales/Income from Operations: ₹24,111.21
  • Other Operating Income: ₹19.78
  • Total Income from Operations: ₹24,130.99
  • EBITDA: ₹1,263.87
  • Profit before tax: ₹488.85
  • Tax Expense (Deferred Tax): ₹111.96
  • Profit for the period: ₹376.89
  • Basic EPS: ₹2.21
  • Diluted EPS: ₹2.21

Comparative Performance (Previous Periods):

  • Quarter Ended September 30, 2025: Loss of ₹559.12 lacs
  • Half Year Ended September 30, 2025: Loss of ₹1,174.28 lacs
  • Year Ended March 31, 2026: Loss of ₹1,953.08 lacs

Key Financial Metrics

  • Paid-up equity share capital: ₹1,705.93 lacs (Face value ₹10 each)
  • Other Equity: Negative ₹3,891.34 lacs (as of September 30, 2026)

Internal Auditor Appointment Details

  • Firm Name: M/s. Samria Kabra & Associates
  • Formation Date: April 28, 1970
  • Address: 310-311, Kamdar Complex, Sadan Square, 73, Central Avenue Road, Nagpur-400 018
  • Partner: CA. Rakesh Totla (Membership No: 105880)
  • Appointment Date: October 30, 2026
  • Term: Financial year 2026-2027
  • Scope: Conducting internal audit of the company

Auditor Review

Demble Ramani & Co., Chartered Accountants (Firm Registration No: 102259W) conducted a limited review of the unaudited financial results and concluded that nothing has come to their attention that causes them to believe the statement contains any material misstatement.

Management Commentary

The company noted it has demonstrated a significant financial turnaround by reporting net profit in the current quarter following a prolonged period of consecutive quarterly losses until December 31, 2025. This achievement reflects successful implementation of operational restructuring initiatives and continued improvements in operational efficiency. The company has strategically optimized its product mix by shifting focus towards high-margin paper variants, reducing dependence on low-yield commodity products. Emphasis on quality enhancement and improved price realization has enabled better market premiums and margin protection against industry-wide cost inflation.

Segment Information

The company operates in only one segment (paper) and therefore segment reporting as per Ind AS 108 is not required.

Additional Information

  • Results will be available on company website: www.malupaper.com
  • Results will be published in newspapers as required
  • Previous period figures have been regrouped wherever necessary to confirm current period's classification

Cash Flow Information (Half Year Ended September 30, 2026)

  • Cash generated from operations: ₹141.59 lacs
  • Net cash flow from investing activities: Negative ₹100.42 lacs
  • Net cash flow from financing activities: Negative ₹1,312.39 lacs
  • Net decrease in cash and cash equivalents: ₹3.08 lacs
  • Cash and cash equivalents at beginning: ₹12.73 lacs
  • Cash and cash equivalents at end: ₹15.81 lacs