Board Meeting Details

The Board of Directors meeting was held on Wednesday, 12th August, 2026, commencing at 3:12 PM and concluding at 3:45 PM.

Key Approvals

The Board inter alia considered and approved the following:

  • Unaudited Financial Results of the company for the quarter ended 30th June, 2026

Financial Results Overview (Quarter ended June 30, 2026)

Revenue & Expenses

  • Revenue from Operations: ₹10,346.19 lakhs (compared to ₹10,115.75 lakhs in Q1 FY26 and ₹1,258.51 lakhs in Q4 FY26)
  • Total Expenses: ₹10,263.47 lakhs
  • Cost of materials consumed: ₹5,055.70 lakhs
  • Changes in inventories: ₹(105.01) lakhs
  • Employee benefits expense: ₹890.91 lakhs
  • Finance costs: ₹79.00 lakhs
  • Depreciation and amortisation: ₹159.00 lakhs
  • Power and Fuel: ₹136.00 lakhs
  • Other expenses: ₹1,855.87 lakhs

Profitability

  • Profit before tax: ₹1,476.66 lakhs
  • Tax expense: ₹376.15 lakhs
  • Current Tax: ₹359.66 lakhs
  • Deferred Tax: ₹16.51 lakhs
  • Profit for the period: ₹1,100.51 lakhs

Comprehensive Income

  • Other Comprehensive Income: ₹2.61 lakhs
  • Total Comprehensive Income for the period: ₹1,105.12 lakhs

Share Capital & Earnings

  • Paid-up equity share capital (Face value ₹10 each): ₹1,560.83 lakhs
  • Earnings per equity share:
  • Basic EPS: ₹7.05
  • Diluted EPS: ₹7.05

Comparative Performance

  • Quarter ended March 31, 2026: Profit of ₹(129.15) lakhs, EPS ₹(0.83)
  • Quarter ended June 30, 2025: Profit of ₹1,280.92 lakhs, EPS ₹8.21
  • Year ended March 31, 2026: Profit of ₹327.55 lakhs, EPS ₹2.10

Important Notes

1. The unaudited financial results for quarter ended 30th June, 2026 were reviewed by the Audit Committee and approved by the Board of Directors on 12th August, 2026.

2. The statutory auditors (Lodha & Co LLP) have carried out Limited Review on these results.

3. The statement is prepared in accordance with Indian Accounting Standards (Ind AS) notified under section 133 of the Companies Act, 2013.

4. The company operates in a single operating segment of Paper, Paper Board and related products.

5. Other Income includes unrealized gain/(loss) on fair valuation of Investments in units of Mutual Fund:

  • ₹946.52 lakhs gain for quarter ended 30th June, 2026
  • ₹(1,223.10) lakhs loss for quarter ended 31st March, 2026
  • ₹1,025.20 lakhs gain for quarter ended 30th June, 2025
  • ₹409.25 lakhs gain for year ended 31st March, 2026

6. The Government of India has notified new Labour Codes with effect from 21.11.2025. The company states that present emoluments are broadly in line with New Labour codes and will evaluate consequential adjustments if any.

7. Figures for previous periods have been reclassified/re-arranged/re-grouped where necessary to correspond with current period's classification/disclosure.

Auditor's Review

Lodha & Co LLP, Chartered Accountants (Firm's ICAI Registration No. 301051E/E300284) issued an independent auditors' review report stating that nothing has come to their attention that causes them to believe the statement contains any material misstatement. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410.