Kuantum Papers shareholders approved a final dividend of ₹2.50 per equity share (250%) for FY26 at its 29th Annual General Meeting on August 27, 2026. The payout will be disbursed within 30 days of the meeting.

The meeting, chaired by Chairman Jagesh Kumar Khaitan, saw 68.44% voting participation. Promoters cast 94.60% of their held shares in favour of all resolutions. The AGM was conducted via Video Conferencing or Other Audio Visual Means in compliance with Ministry of Corporate Affairs circulars and SEBI regulations.

Key Resolutions Passed

Shareholders voted via remote e-voting administered by NSDL from August 24 to August 26, 2026, and during the meeting. S.K. Sikka served as the scrutinizer. The following resolutions were approved:

Pavan Khaitan was reappointed as Vice Chairman & Managing Director for three years effective April 1, 2027. Jagesh Kumar Khaitan was appointed as a director retiring by rotation.

Director Profiles and Shareholding

The company disclosed details regarding the reappointed directors under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Jagesh Kumar Khaitan (DIN: 00026264), aged 81, has been associated with the edible oil and paper industries for 55 years. He holds 1,447,580 shares (1.66%). He is the father of Pavan Khaitan.

Pavan Khaitan (DIN: 00026256), aged around 58, is a Chartered Accountant who joined the company in 1997. He holds 1,472,650 shares (1.69%). He is the son of Jagesh Kumar Khaitan.

Both directors are confirmed not to be debarred from holding office by SEBI or any other authority.

Cost Auditor Appointment

Shareholders approved the re-appointment of M/s R.J. Goel & Co., Cost Accountants, Delhi, as Cost Auditors for FY27. The firm, established in 1978, serves clients including NTPC Limited, ONGC Limited, and Maruti Suzuki India Limited.

Voting Breakdown

Promoter and promoter group shareholders held 61,350,690 shares and voted unanimously in favour. Public institutional shareholders held 56,979 shares and also voted unanimously in favour.

Public non-institutional shareholders held 25,855,961 shares. While they largely supported management proposals, there was minor dissent on the cost auditors' remuneration resolution, where 20.25% of polled votes from this category were against. However, due to overwhelming promoter support, the resolution passed with 99.44% overall approval.

Management Commentary

Pavan Khaitan apprised members of the company's progress and financial performance during FY25-26. He outlined future plans for the company. The statutory auditor's report and secretarial auditor's report for FY25-26 contained no qualifications or adverse remarks.

Gurinder Singh Makkar, Company Secretary & Compliance Officer, confirmed the proceedings were recorded in accordance with SEBI Listing Obligations and Disclosure Requirements Regulations.

Kuantum Papers successfully restarted Paper Machine-3 (PM3) at its Saila Khurd facility in Hoshiarpur, Punjab, on August 26, 2026. The restart follows the completion of a major technological upgradation and rebuild project, along with several trials.

The company disclosed the development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Objectives

The PM3 rebuild is part of a strategic plan to enhance capacity and operational efficiency. The project aims to improve paper quality, production throughput, and the versatility of the product portfolio.

Technical Upgrades

The rebuilt machine incorporates modern features designed to support future product diversification into higher-value writing and printing paper and specialty grades. Key technical enhancements include:

• Top Former and Film Press
• Improved automation systems
• Enhanced drying capability

What the Numbers Show

While no financial figures were disclosed in this specific intimation, the capital expenditure implied by a "major technological upgradation" signals a shift toward higher-margin specialty products. The focus on "higher-value writing & printing paper" suggests an intent to improve average selling prices (ASP) and gross margins once the machine reaches full commercial operation, moving away from commodity-grade reliance.