Promoter raises stake to 7.56% in Three M Paper Boards

Promoter Rushabh Hitendra Shah has increased his shareholding in Three M Paper Boards Limited to 7.56% through an open market acquisition. The disclosure, submitted to BSE Limited on June 16, 2026, details the purchase of 2,000 shares, increasing the acquirer's stake relative to the target company's total voting capital.

The transaction was executed pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Before the acquisition, Rushabh Hitendra Shah held 14,53,000 shares, accounting for 7.55% of the total share capital. The acquirer belongs to the promoter group of Three M Paper Boards Limited.

The equity share capital of Three M Paper Boards Limited remained unchanged at 19,23,73,600 equity shares before and after the acquisition. The total diluted share capital also stands at 19,23,73,600 equity shares.

Acquisition Details

The following table outlines the specific transaction undertaken by Rushabh Hitendra Shah on June 16, 2026:

Date	Nature of Transaction	Number of Shares	% w.r.t. Share Capital
June 16, 2026	Acquisition	2,000	0.01

Post-Acquisition Holding

Following the completion of this transaction, Rushabh Hitendra Shah holds a total of 14,55,000 shares carrying voting rights. This constitutes 7.56% of the total share capital and 7.56% of the total diluted share capital of Three M Paper Boards Limited. There are no shares encumbered or warrants held by the acquirer.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-0.08%	-1.59%	-29.50%	-33.96%	-67.44%

Three M Paper Boards reported its audited financial results for the year ended March 31, 2026, showing a rise in revenue but a decline in net profit. The board approved the results during a meeting held on May 27, 2026. Revenue from operations for the year increased to ₹29,718.61 lakh from ₹26,553.41 lakh in the previous year. However, net profit for the year stood at ₹716.98 lakh, compared to ₹999.31 lakh in FY25.

For the half-year ended March 31, 2026, the company recorded a revenue of ₹15,386.04 lakh and a net profit of ₹412.61 lakh. The statutory auditors, M/s. Piyush Kothari & Associates, issued an unmodified opinion on the audited financial results. The filing was made to BSE Limited pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company's total income for FY26 was ₹30,052.60 lakh, up from ₹26,850.88 lakh in the prior year. Total expenses for the year rose to ₹29,406.48 lakh from ₹25,645.06 lakh. Finance costs for the year were ₹659.41 lakh, while depreciation and amortization expenses amounted to ₹804.33 lakh. The basic earnings per share (EPS) for the year decreased to ₹3.73 from ₹5.19 in the previous year.

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from Operations	29,718.61	26,553.41
Total Income	30,052.60	26,850.88
Total Expenses	29,406.48	25,645.06
Net Profit	716.98	999.31
Basic EPS	3.73	5.19

Balance Sheet Highlights

The company's shareholders' funds improved to ₹11,100.72 lakh as of March 31, 2026, from ₹10,383.74 lakh a year earlier. Reserves and surplus increased to ₹9,176.98 lakh. Non-current liabilities decreased to ₹2,808.01 lakh from ₹3,128.21 lakh. Current liabilities rose significantly to ₹13,240.42 lakh, primarily due to an increase in short-term borrowings to ₹5,407.32 lakh and trade payables to ₹6,447.03 lakh.

On the assets side, property, plant, and equipment grew to ₹10,734.82 lakh from ₹8,529.96 lakh. Inventories increased to ₹5,346.97 lakh, and trade receivables stood at ₹6,314.28 lakh. Cash and cash equivalents decreased marginally to ₹11.99 lakh from ₹13.06 lakh in the previous year.