Aten Papers & Foam Limited has announced the book closure dates for its upcoming eighth Annual General Meeting. The company’s register of members and share transfer books will remain closed from September 23, 2026 to September 30, 2026, inclusive of both days.

The closure is mandated under Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This period serves two distinct purposes for shareholders: determining eligibility for receiving the meeting notice and establishing the cut-off for participating in electronic voting.

Key Dates for Shareholders

The company has specified separate cut-off dates for the two primary actions associated with the AGM. Shareholders must hold the equity shares on the respective cut-off dates to exercise their rights.

Mohamedarif Mohamedibrahim Lakhani, Managing Director of Aten Papers & Foam, signed the intimation letter dated September 9, 2026. The company requested BSE Limited to display this information on its website for investor awareness.

Aten Papers & Foam reported a 35% year-on-year revenue surge to ₹1,866.5 crore for the financial year ended March 2026. The Ahmedabad-based paper and foam manufacturer saw its net profit rise by 5% to ₹73.9 crore, driven by higher operational volumes despite margin compression.

Financial Performance

The company's total income stood at ₹1,869.5 crore, up from ₹1,387.2 crore in the previous fiscal. While revenue expanded significantly, total expenses increased to ₹1,769.7 crore from ₹1,293.1 crore. This resulted in a profit before tax of ₹99.8 crore, compared to ₹94.1 crore in FY25.

Earnings per share (EPS) fell to ₹7.72 from ₹10.02 in the prior year. This decline reflects the dilution effect from the company's Initial Public Offer (IPO), which added 33 lakh shares to the paid-up capital, increasing the total share count from 70 lakh to 1.03 crore.

What the Numbers Show

A closer look at the cost structure reveals that while top-line growth was robust, efficiency metrics faced pressure. Purchases of stock-in-trade rose sharply to ₹1,736.1 crore from ₹1,274.3 crore, accounting for the bulk of the expense increase. Additionally, finance costs dropped significantly to ₹4.0 crore from ₹11.0 crore, indicating improved debt management following the IPO proceeds. However, other expenses jumped to ₹15.2 crore from ₹9.8 crore, partly due to interest on income tax provisions rising to ₹2.2 crore.

Balance Sheet and Capital Structure

The balance sheet strengthened considerably with the IPO. Shareholders' funds more than tripled to ₹496.1 crore from ₹140.4 crore. The company raised gross proceeds of ₹316.8 crore through the issue of equity shares at ₹96 per share. Of the net proceeds of ₹277.0 crore, ₹246.4 crore had been utilized as of March 31, 2026, primarily for working capital and general corporate purposes.

Short-term borrowings decreased slightly to ₹93.5 crore from ₹101.4 crore. Long-term borrowings were fully cleared, dropping to nil from ₹10.5 crore. Trade receivables increased substantially to ₹564.8 crore from ₹324.3 crore, signaling a potential extension of credit terms or slower collection cycles amidst volume growth.

Corporate Actions and Related Party Transactions

The company has convened its 8th Annual General Meeting (AGM) for September 30, 2026. Key agenda items include the re-appointment of Managing Director Mohamedarif Mohamedibrahim Lakhani and the appointment of Raghav Jobanputra as an Independent Director.

Shareholders will also vote on material related-party transactions totaling approximately ₹90 crore. These include:

• ₹35.0 crore with Majethia Papers Private Limited
• ₹15.0 crore with Aten Paper Mill Limited
• ₹10.0 crore each with Aten Retail MV Limited, Aten Packaging Private Limited, Fine Trading, and Vadiawala Print and Pack
• Smaller transactions with promoter family members

The board did not recommend any dividend for FY26, opting to conserve resources for future growth prospects.