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.

Orient Paper & Industries Limited has announced the opening of a SEBI special window for transfer and dematerialisation of physical securities. The facility, established under SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026, provides shareholders with an opportunity to process physical share transfers that were previously restricted.

Special Window Details

The special window operates under specific parameters designed to facilitate smooth processing of eligible securities:

Scope of Coverage

The special window extends beyond new applications to include previously submitted requests. Shareholders who had earlier submitted transfer requests that were rejected, returned, or not processed due to deficiencies can now resubmit their applications. These applications must be rectified and resubmitted within the specified timeframe to be eligible for processing.

Compliance and Publication

Orient Paper & Industries has fulfilled its regulatory obligations by publishing notices in multiple newspapers to ensure widespread awareness among shareholders. The company published the notice in:

• Business Standard (English Daily)
• Pratidin (Oriya Daily)

The SEBI circular and related information are also available on the company's website at www.orientpaper.in for easy access by shareholders.

Contact Information for Shareholders

Shareholders seeking assistance or additional information can reach out through multiple channels:

The company's registrar and transfer agent, KFin Technologies Limited, provides dedicated support for shareholders navigating the transfer process. All transfers processed through this special window will be subject to SEBI guidelines, including the mandatory one-year lock-in period from the date of registration of transfer.