Key Board Decisions and Corporate Updates

1. Appointment of Statutory Auditors

The Board of Directors approved the appointment of M/s Sanjay Sangal & Associates, Chartered Accountants (Firm Registration No. 006932C), as the Statutory Auditor of the Company. This appointment is to fill a casual vacancy caused by the resignation of the previous auditor, M/s Pankaj K. Goyal & Co., Chartered Accountants (FRN: 006885C).

The Board has consented to recommend this appointment to the shareholders for approval in the ensuing Annual General Meeting (AGM). The proposed term is for five consecutive years, commencing from the conclusion of the ensuing AGM until the conclusion of the AGM to be held in the year 2031.

Profile of New Auditor: M/s. Sanjay Sangal & Associates is a well-established Chartered Accountancy firm based in Muzaffarnagar, Uttar Pradesh, established in May 1994 by CA Sanjay Sangal (Membership No. 075902). The firm has over three decades of experience providing services in Statutory Audit, Tax Audit, Internal Audit, Bank Audit, GST Audit, Income-tax matters, Corporate Law Compliance, Financial Advisory, Project Finance, and other assurance and consultancy services.

2. Reappointment of Director to Office of Profit

Pursuant to the Companies Act, 2013 and SEBI Listing Regulations (Regulation 17, 23), the Board of Directors reappointed Mr. Mohit Jain (DIN: 07203009), a Non-Executive Non-Independent Director, to an office or place of profit in the Company. His remuneration was fixed, subject to the approval of the members (shareholders).

Profile of Director: Mr. Mohit Jain is a commerce graduate (Honors) with fundamental skills/expertise/competencies necessary for the position.

Relationships: The disclosure notes Mr. Mohit Jain is the husband of Mrs. Shubhi Jain (Non-Executive Director), son of Mr. Sandeep Jain (Chairman and Managing Director, Executive Director) and Mrs. Anju Jain (Non-Executive Director). He is not debarred from holding the office of director by any order of SEBI or other authorities.

Un-Audited Financial Results for Quarter Ended 30th June, 2026

The Board also approved and took on record the Un-Audited Standalone Financial Results for the quarter ended 30th June, 2026, which were reviewed by the statutory auditors.

Financial Performance (Amount in lakhs, except EPS):

| Particulars | Qtr Ended 30.06.2026 (Unaudited) | Qtr Ended 31.03.2026 (Audited) | Qtr Ended 30.06.2025 (Unaudited) | Year Ended 31.03.2026 (Audited) |

| Income | | | | |

| Sale/Income from Operations | 6,316.18 | 5,957.13 | 5,346.48 | 20,017.59 |

| Other Income | 9.83 | 69.51 | 4.73 | 78.08 |

| Total Income | 6,326.02 | 6,026.64 | 5,351.21 | 20,095.68 |

| Expenses | | | | |

| Cost of material consumed | 2,600.40 | 1,793.53 | 1,654.61 | 6,429.55 |

| Changes in inventories | (94.47) | (60.47) | 69.49 | 123.95 |

| Employee Benefits expense | 351.20 | 385.59 | 257.86 | 1,206.11 |

| Finance Costs | 142.20 | 165.99 | 149.24 | 638.42 |

| Depreciation and Amortization | 204.82 | 198.43 | 215.30 | 819.29 |

| Power and Fuel | 1,540.07 | 1,452.33 | 1,227.17 | 5,302.99 |

| Other expenses | 1,358.61 | 1,820.88 | 1,546.94 | 4,636.05 |

| Total Expenses | 6,102.83 | 5,756.28 | 5,120.59 | 19,156.35 |

| Profit/(Loss) before tax | 223.19 | 270.36 | 230.61 | 939.33 |

| Tax Expense | | | | |

| Current tax | 60.11 | 145.93 | 38.51 | 218.93 |

| Deferred tax | 40.70 | 51.04 | 52.52 | 56.07 |

| Profit/(Loss) for the period (Net) | 122.38 | 73.39 | 139.58 | 663.11 |

| Paid-up equity share capital (Rs. 10/- each) | 1,400 | 1,400 | 1,400 | 1,400 |

| Earnings Per Share (EPS) (Rs.) | | | | |

| Basic | 0.87 | 0.52 | 1.00 | 4.74 |

| Diluted | 0.87 | 0.52 | 1.00 | 4.74 |

Notes to Financial Results:

  • The results were reviewed by the Audit Committee and approved by the Board on 13th August, 2026.
  • Prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI guidelines.
  • The company is engaged in a single segment: manufacturing of paper.
  • Previous period figures have been regrouped/reclassified wherever necessary.
  • There is no statement of deviation or variation for proceeds of public/rights/preferential issue.
  • There are no outstanding defaults on loans and debt securities.
  • There is no statement on the impact of audit qualifications (Not Applicable).

Auditor's Limited Review Report

Pankaj K. Goyal & Co. issued a limited review report on the unaudited financial results. Based on their review, conducted in accordance with Standard on Review Engagements (SRE) 2410, nothing came to their attention that causes them to believe the statement was not prepared in accordance with Regulation 33 of SEBI LODR Regulations and contains any material misstatement. The report is dated 13th August, 2026.

Additional Information

This communication is also available on the company's website at www.mohitpaper.in.