The South India Paper Mills Limited

A significant shift in ownership is underway at South India Paper Mills, as the Modi family, through Nandini and Kirit Modi, is launching a mandatory open offer to acquire a 26% stake at ₹120 per share, following the purchase of a 20.21% stake. This transaction will elevate the acquirers to joint promoters, granting them control over the company. Simultaneously, the company reported a notable turnaround in fiscal year 2026, posting a net profit of ₹10.74 crore compared to a loss the previous year, supported by a 17.46% revenue increase. Management has opted to forgo a dividend to fund operational improvements and a ₹24 crore investment in energy-saving initiatives, signaling a focus on long-term growth and efficiency.