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.

Orient Paper & Industries has appointed Mr. Yogendra K. Varshney as its new Chief Operating Officer, effective June 30, 2026, following the resignation of Mr. C.S. Kashikar. The Board accepted Mr. Kashikar's resignation, which was effective from the close of business hours on June 29, 2026. The company disclosed these changes in senior management personnel under Regulation 30 of the SEBI Listing Regulations.

Mr. Kashikar resigned from the position of Chief Operating Officer of the company's Amlai Paper Mills at Amlai Plant (MP) due to personal reasons. The Board placed on record its appreciation for the contributions made by Mr. Kashikar during his tenure with the company.

Mr. Yogendra K. Varshney brings over 30 years of experience in manufacturing operations, production operations, and project management. He is a Mechanical Engineering Graduate from the Institute of Engineering & Technology, Lucknow University. Before joining Orient Paper, he held the position of Executive Director (Operations) & Chief Risk Officer at Tamil Nadu Newsprint and Papers Ltd. Throughout his career, he has successfully undertaken leadership roles that include Chief Operating Officer at Genus Paper & Boards Ltd., Senior Vice President- Plant Operations at Kuantum Papers Ltd., Head (Process) at Century Pulp & Paper, Production Manager at Reckitt Benckiser India Pvt. Ltd., and Senior Executive at Hindustan Unilever Ltd.

The terms of Mr. Varshney's appointment commenced on June 30, 2026, and will continue until his resignation or upon attaining the age of retirement as per the company's policy, whichever is earlier. The detailed disclosure regarding the appointment was made in compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Senior Management Changes