Key Dates

  • AGM Date: Thursday, 24th September 2026 at 11:00 AM
  • Record Date for Dividend: 17th September 2026
  • Dividend Payment Date: On or after 6th October 2026 (if approved)
  • E-voting Period: 21st September 2026 (9:00 AM) to 23rd September 2026 (5:00 PM)

Financial Performance Highlights (FY 2025-26 vs FY 2024-25)

  • Revenue from Operations: ₹409.94 crores (₹436.34 crores in FY25)
  • Profit Before Tax: ₹34.22 crores (₹53.44 crores in FY25)
  • Profit After Tax: ₹32.75 crores (₹41.14 crores in FY25)
  • Earnings Per Share: ₹20.98 (₹26.36 in FY25)
  • Dividend Recommended: ₹2.50 per equity share (25%)

AGM Agenda Items

Ordinary Business

1. Adoption of audited Balance Sheet as at 31st March 2026 and Statement of Profit & Loss for FY 2025-26 with Directors' and Auditors' Reports

2. Declaration of dividend of ₹2.50 per equity share (25%) for FY 2025-26

3. Re-appointment of Mrs. Pragya Jhunjhunwala (DIN: 02315132) who retires by rotation

Special Business

4. Approval of remuneration of ₹0.50 lakh plus applicable taxes and out-of-pocket expenses for Cost Auditors M/s K.B. Saxena & Associates for FY 2026-27

Capital Projects Update

  • 6.5 MW Turbine installation underway (Capex: ₹13.30 crores) - expected completion by December 2026
  • Chlorine Dioxide plant installation (Capex: ₹30.95 crores) - expected completion by December 2026
  • 80.32 kWp rooftop solar panels commissioned at cost of ₹34.83 lakhs, generating 1.05 lakh units annually

Key Financial Ratios (FY 2025-26 vs FY 2024-25)

  • Operating Profit Margin: 12.25% (decreased due to low paper prices and higher raw material costs)
  • Net Profit Margin: 9% (decreased due to low paper prices and higher raw material costs)
  • Debt-Equity Ratio: 0.01
  • Current Ratio: 6.91 times
  • Return on Networth: 6% (decreased from previous year)

Corporate Governance

  • Board Composition: 6 directors (1 Executive, 5 Non-Executive including 3 Independent)
  • Board Meetings: 4 meetings held during FY 2025-26
  • Committees: Audit & Risk Management, Stakeholders' Relationship, Nomination & Remuneration, CSR
  • CSR Expenditure: ₹142.63 lakhs (against requirement of ₹126.92 lakhs)

Auditor Appointments

  • Statutory Auditors: M/s Lodha & Co., LLP (appointed till 88th AGM)
  • Cost Auditors: M/s K.B. Saxena & Associates for FY 2026-27
  • Secretarial Auditors: M/s D. Dutt & Co. for 5 years from FY 2025-26

Shareholding Pattern (as on 31st March 2026)

  • Promoter Group: 44.93%
  • Public: 55.07%
  • Dematerialized Shares: 99.65% of share capital
  • Equity Shares: 1,56,08,350 shares of ₹10 each

Key Management Personnel

  • Managing Director: Mr. Madhukar Mishra (remuneration: ₹560.86 lakhs)
  • CFO: Mr. Sanjeev Kumar Garg (remuneration: ₹49.11 lakhs)
  • Company Secretary: Mr. Saurabh Arora (remuneration: ₹25.40 lakhs)

Employee Strength

371 permanent employees as on 31st March 2026

Forward Looking Statements

The report contains forward-looking statements based on current expectations and assumptions about future events. Actual results may differ due to risks including geopolitical uncertainties, supply chain disruptions, government policies, market risks, and competition from imports.