Malu Paper Mills Limited reported a net loss of ₹19.53 crore for the financial year ended March 31, 2026, compared to a net loss of ₹5.72 crore in the previous year. The company attributed the widened annual loss to lower operational margins and challenging market conditions, which resulted in an EBITDA loss of ₹6.31 crore for FY26 against a profit of ₹0.69 crore in FY25. However, operational performance improved significantly in the fourth quarter, with the company reporting an EBITDA profit of ₹4.69 crore.

The board approved the standalone audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The statutory auditor, M/s. Demble Ramani & Co., issued an unmodified opinion on the results. Total income from operations for the year stood at ₹33.41 crore, while total expenses were ₹35.72 crore.

Financial Performance

Strategic Initiatives

To address the challenging market conditions, the company undertook a strategic realignment focusing on core business segments and product mix. Targeted capital investments were made to enhance product quality and operational efficiency. These initiatives led to the successful execution of orders for Writing and Printing Paper from the Maharashtra State Board Textbook Publications and Gujarat State Board of School Textbooks in the final quarter.

Board Decisions

The board approved the appointment of M/s. Deepak Khanuja & Associates, Cost Accountants, as the Cost Auditors for the financial year 2026-27. The trading window for dealing in the company's shares will remain closed for designated persons until 48 hours after the conclusion of the board meeting.

Malu Paper Mills Limited has submitted its quarterly certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to both the National Stock Exchange of India and the Bombay Stock Exchange Limited on April 13, 2026.

Certificate Submission Details

The certificate was received from MUFG Intime India Private Limited, which serves as the company's Registrar and Share Transfer Agent. The document confirms compliance with regulatory requirements for the quarter ended March 31, 2026.

Regulatory Compliance Confirmation

MUFG Intime India Private Limited confirmed that securities received from depository participants for dematerialisation during the quarter were processed according to regulatory requirements. The registrar verified that security certificates received for dematerialisation were confirmed or rejected within prescribed timelines.

The confirmation certificate states that securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are listed. The registrar also confirmed that security certificates were mutilated and cancelled after due verification by the depository participant.

Quarter Activity Status

A notable aspect of the quarterly report is that MUFG Intime India Private Limited confirmed no dematerialisation or rematerialisation requests were received during the quarter ended March 31, 2026. This indicates minimal activity in terms of conversion between physical and electronic form of securities during this period.

Company Information

Malu Paper Mills Limited operates from its registered office at Heera Plaza, 4th Floor, Near Telephone Exchange, Central Avenue, Nagpur. The company maintains additional manufacturing units at Village Borujwada and Village Heti in the Saoner Industrial Area, both located in Nagpur district. The submission was signed by Company Secretary and Compliance Officer Mayuri Asawa.