Promoter group members of Genus Paper & Boards transferred 80,38,800 equity shares among themselves between August 18 and September 16, 2026.

The company filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, on September 18, 2026. The transaction was executed via inter-se transfer, meaning the aggregate stake held by the promoter group remained constant at 50.84% of the total paid-up capital.

Transaction Details

The total equity share capital of the company stands at 25,71,25,940 equity shares of Re. 1 each. The filing indicates that while individual holdings within the group changed, the net voting power of the promoters did not alter.

Hi-Print Electromack Private Limited emerged as the primary recipient, acquiring the entire block of 80,38,800 shares. This increased its individual stake from 18.397% to 21.523% of the total paid-up capital.

Conversely, Kailash Coal and Coke Company Limited disposed of its entire holding of 79,26,000 shares, reducing its stake to zero. IC Finance Private Limited also exited its position by selling all 1,12,800 shares it held.

What the Numbers Show

The restructuring consolidates ownership within specific entities of the promoter group without diluting or increasing overall control. Hi-Print Electromack’s stake now constitutes approximately 42% of the total promoter group holding, signaling a centralization of equity within this single entity relative to other group members.

Genus Paper & Boards reported a ₹145.8 crore profit after tax (PAT) for FY26, a 79.2% increase from the previous year’s ₹80.8 crore. Revenue from operations rose 10.7% to ₹9,399.7 crore, supported by higher sales volumes and improved operational efficiency.

The Board of Directors approved the financial statements during its meeting on August 29, 2026. The company has scheduled its 15th Annual General Meeting (AGM) for September 25, 2026, to transact ordinary and special business, including the reappointment of key directors.

Financial Performance

Genus Paper & Boards delivered strong top-line and bottom-line growth in FY26. Revenue from operations reached ₹9,399.7 crore, up from ₹8,491.5 crore in FY25. EBITDA expanded 14.2% to ₹796.1 crore, with the margin improving to 8.42% from 8.02% in the prior year.

Profit before tax (PBT) surged to ₹147.5 crore from ₹81.9 crore in FY25. The net profit margin improved to 1.55% from 0.96%. Other income declined significantly to ₹50.8 lakh from ₹163.4 lakh in the previous year, primarily due to lower gains on foreign exchange and insurance claims.

Operational Highlights

The company generated operating income of ₹9,399.7 lakh, reflecting robust demand across its key product segments, including Kraft Paper, Duplex Board, and specialty papers. The management attributed the growth to enhanced capacity utilization and strategic investments in technology.

During the year, Genus Paper & Boards completed the 100% disinvestment of its wholly-owned subsidiary, Genus Paper and Coke Limited. Consequently, the subsidiary ceased to be part of the group’s consolidated operations effective March 6, 2026.

What the Numbers Show

The significant divergence between revenue growth (10.7%) and PAT growth (79.2%) highlights an expansion in operating leverage. While other income contracted by nearly 69%, the core operational profitability drove the bottom-line surge. The EBITDA margin expansion of 40 basis points indicates improved cost management relative to sales volume, despite rising finance costs which increased to ₹413.9 lakh from ₹354.6 lakh in FY25.

AGM and Corporate Actions

The 15th AGM will be held via Video Conferencing (VC) or Other Audio Visual Means (OAVM) on September 25, 2026, at 3:00 pm. Shareholders holding shares as of the record date, September 18, 2026, are eligible to vote.

Board Reappointments

Under ordinary business, shareholders will consider the reappointment of Mr. Surya Prakash Sinha, who retires by rotation. He has served as Whole Time Director since October 12, 2015.

The special business focuses on reappointing Mr. Kailash Chandra Agarwal as Managing Director and CEO for a three-year tenure effective August 1, 2026. His proposed remuneration includes a basic salary of ₹5 lakh per month, with a ceiling of ₹8 lakh per month subject to performance. In FY25, he received ₹73.7 lakh as remuneration.

Mr. Agarwal holds 7,809,586 shares (3.04%), while his father, Chairman Ishwar Chand Agarwal, holds 7,147,340 shares (2.78%).

Dividend and Book Closure

The Board did not recommend any dividend for FY26, opting to retain profits for further capacity improvement and consolidation of existing facilities. The Register of Members and Share Transfer Books will remain closed from September 19, 2026, to September 25, 2026.

Remote e-voting begins on September 22, 2026, at 9:00 am and ends on September 24, 2026, at 5:00 pm. Central Depository Services (India) Limited (CDSL) will facilitate the e-voting process.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE949P01018/511b45d8-7501-4e2d-b656-ce13b0652c4a.pdf