Orient Paper & Industries Limited has fulfilled its regulatory obligations by submitting the mandatory compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission demonstrates the company's adherence to securities market regulations governing depositories and participants.

Regulatory Compliance Submission

The company filed the compliance certificate with stock exchanges on April 7, 2026, through its Company Secretary R.P. Dutta. The certificate was submitted to both major Indian stock exchanges where the company's shares are listed.

Certificate Verification by Registrar

KFin Technologies Limited, serving as the Registrar & Share Transfer Agent for Orient Paper & Industries Limited, issued the compliance certificates on April 2, 2026. The certificates were signed by Sashidhar Mannava, Vice President of KFin Technologies Limited, confirming the company's compliance with regulatory requirements.

The certificates specifically confirm that details of securities dematerialized and rematerialized during the quarter ended March 31, 2026, have been properly furnished to all stock exchanges where the company's shares are listed, as mandated under Regulation 74(5).

Depository Communications

Separate certificates were issued to both major depositories in India:

Company Information

Orient Paper & Industries Limited maintains its registered operations at Unit 8, Plot No 7, Bhoinagar, Bhubaneswar, Orissa 751012. The compliance submission reinforces the company's commitment to maintaining transparency and adhering to securities market regulations as prescribed by SEBI.

The quarterly compliance certificate represents a routine regulatory requirement that ensures proper tracking and reporting of securities transactions in dematerialized form, contributing to the overall integrity of India's securities market infrastructure.

Orient Paper & Industries Limited has announced a strategic modification to its capital expenditure project at the Amlai manufacturing facility in Madhya Pradesh. The Board of Directors, in their meeting held on 27th March, 2026, approved significant changes to the original modernization plan, focusing on advanced tissue manufacturing capabilities.

Project Modification Details

The company has revised its capital expenditure strategy, replacing certain previously planned modernization initiatives with the installation of a new tissue machine incorporating advanced technology. This modification builds upon the original project disclosed on 5th August, 2025, representing a strategic shift in the company's manufacturing approach.

Capacity Enhancement and Investment

The modified project will add 23,400 TPA capacity to the existing 1,00,000 TPA at the Amlai facility. The full capacity is expected to be operational during FY 2029-30. The total project cost has been revised upward from Rs. 125 crores to approximately Rs. 213 crores, with financing planned through a mix of debt and internal accruals.

Strategic Rationale

The Board cited several factors driving this modification:

• Evolving market dynamics in the paper industry
• Changing demand patterns and increasing emphasis on product quality
• Cost optimization requirements
• Need for adoption of advanced and efficient manufacturing technologies

The company expects the revised project to deliver improved operational efficiency, enhanced production capacity, superior product quality, and better cost competitiveness, thereby strengthening its position in the tissue paper segment.

Impact on Existing Projects

In a related development, the Board decided to discontinue the modernization project that was approved on 15th March, 2023. This project had incurred and obligated Rs. 239 crores out of its sanctioned outlay of Rs. 475 crores. The decision aligns with the company's revised strategic direction focusing on tissue manufacturing capabilities.

Implementation Timeline

The modified project timeline extends the implementation period up to 2027-28, with the new tissue machine and related infrastructure expected to include expenses for maintenance, modernization, and energy cost optimization. The project aims to achieve product mix optimization while improving operational efficiency and productivity.