Orient Paper & Industries Limited has completed the dispatch of the Notice for its 90th Annual General Meeting (AGM) and the Annual Report for the financial year 2025-26 on July 8, 2026. The AGM is scheduled for Friday, July 31, 2026, at 2:30 P.M. IST through Video Conferencing and Other Audio-Visual Means (VC/OAVM). The company has engaged National Securities Depository Limited (NSDL) to facilitate the e-voting and VC/OAVM services.

Shareholders recorded in the Register of Members or Beneficial Owners as on the cut-off date of Friday, July 24, 2026, are eligible to vote. The Register of Members and Share Transfer Books will remain closed from Saturday, July 25, 2026, to Friday, July 31, 2026, for the purpose of the AGM. The company published advertisements in Business Standard and Pratidin (Oriya) regarding the completion of the dispatch.

Key AGM and E-voting Details

Remote e-voting will be available from July 28, 2026 (9:00 A.M.) to July 30, 2026 (5:00 P.M.). Eligible members who acquired shares after the dispatch of the Annual Report but hold shares as on the cut-off date may contact NSDL at evoting@nsdl.com to obtain their User ID and Password. Members who have voted via remote e-voting may attend the AGM via VC/OAVM but cannot vote again. Queries regarding e-voting can be directed to Ms. Pallavi Mhatre, DVP, NSDL, or the NSDL helpline.

Orient Paper & Industries Limited reported a revenue of Rs. 906 crores for the financial year ended March 31, 2026, reflecting a marginal improvement over the previous year, alongside a net loss of Rs. 29 crores. The company achieved positive cash flow in Q4 FY26, marking its first such achievement in nine quarters, and launched Project Sankalp to drive operational excellence and cost savings.

The company’s paper business recorded its highest ever production, increasing by 2.3% over the previous year, while the chemical business saw production rise by 6.7%. Despite these operational gains, average prices dropped by approximately 6% compared to FY25, with the Writing & Printing segment seeing a 4% price drop and the tissue segment a sharper 7.5% decline. The product mix comprised 62% Writing & Printing paper and 38% tissue products, with value-added products representing 55% of the overall mix.

To strengthen its cost competitiveness, the company initiated Project Sankalp, a series of high-impact initiatives focused on key cost levers. These measures are expected to generate annualized savings of approximately Rs. 40 crores. Additionally, the company faced raw material sourcing cost pressures due to transit permit restrictions in Madhya Pradesh, which led to a 7% increase in sourcing costs before the state government removed Eucalyptus from the list of products requiring transit permits later in the year.

Looking ahead, the company plans to establish a new Tissue-4 machine with an additional capacity of 23,400 TPA to support its strategy of increasing exposure to high-growth, value-added categories. The capital expenditure for the year was approximately Rs. 52 crores. The Board has recommended the ratification of the remuneration payable to the Cost Auditor, Mr. Somnath Mukherjee, at Rs. 75,000 plus applicable taxes and expenses for the financial year 2026-27.