Orient Paper & Industries has issued a postal ballot notice seeking shareholder approval for the appointment of Mrs. Anuradha Mookerjee as an Independent Director. The resolution requires passage as a special resolution under the Companies Act, 2013, and SEBI Listing Regulations.

The appointment, recommended by the Nomination and Remuneration Committee, covers a consecutive term of five years. Mrs. Mookerjee was initially appointed as an Additional Director in the category of Independent Director effective August 8, 2026. Her tenure is scheduled to run from August 8, 2026, to August 7, 2031.

Key Details of the Appointment

Mrs. Mookerjee brings over three decades of experience in taxation, public administration, and regulatory governance. She retired in 2021 as the Principal Chief Commissioner of Income Tax. The Board noted that her expertise in statutory compliance and institutional governance aligns with the company's regulatory environment.

Remuneration and Other Directorships

As a Non-Executive Independent Director, Mrs. Mookerjee will be entitled to receive sitting fees for attending Board meetings. She may also receive a profit-related commission not exceeding 1% of the net profits of the company. She will not be eligible for stock options under the company's employee schemes.

She currently holds directorships in Astra Microwave Products Limited, Dalmia Cement (North East) Limited, Dalmia Cement (Bharat) Limited, Dalmia Bharat Limited, and Vinay Cement Limited. In these entities, she serves on various committees, including Audit, Nomination and Remuneration, and Corporate Social Responsibility committees.

Voting Process

The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facilities. The voting window opens at 9:00 am on September 16, 2026, and closes at 5:00 pm on October 15, 2026. Only members whose names appear in the Register of Members or List of Beneficial Owners as of the cut-off date, September 4, 2026, are eligible to vote.

Mr. Atul Kumar Labh, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the remote e-voting process. The results of the postal ballot will be declared on or before October 16, 2026.

Orient Paper & Industries reported a net loss of ₹8.25 crore for the quarter ended June 30, 2026, marking a shift from the ₹33.99 crore net profit recorded in the corresponding quarter of FY25. The result reflects a narrowing of operational pressures, although total income from operations contracted by 4.5% year-over-year to ₹227.61 crore. For shareholders, the key takeaway is the reduced loss magnitude compared to the prior year’s profitability swing and the ongoing revenue decline.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on August 7, 2026. The unaudited results were subjected to a limited review by the company’s Statutory Auditors, who issued an unmodified report in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were published on August 8, 2026, pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015.

Financial Performance Highlights

Total income from operations stood at ₹22,761.36 lakh for Q1FY26, down from ₹23,834.35 lakh in Q1FY25. This represents a sequential increase from ₹23,147.02 lakh in the immediately preceding quarter (Q4FY25). The company incurred a loss before tax of ₹1,086.65 lakh, compared to a loss before tax of ₹1,784.67 lakh in the same quarter last year.

The basic and diluted earnings per share (EPS) for the quarter were negative ₹0.39, compared to positive ₹1.60 in Q1FY25. The full-year FY25 concluded with a net loss of ₹28.81 crore and total income of ₹905.95 crore.

Comprehensive Income and Equity

Other comprehensive income not to be reclassified to Profit & Loss in subsequent periods showed a positive value of ₹2,067.80 lakh for Q1FY26, reversing a loss of ₹5,180.70 lakh in Q4FY25. Consequently, total comprehensive income for the quarter was ₹1,242.77 lakh, compared to a total comprehensive loss of ₹6,274.95 lakh in the previous quarter.

The paid-up equity share capital remained unchanged at ₹2,121.96 lakh, with a face value of ₹1 per share. Other equity stood at ₹144,697.94 lakh as of March 31, 2026.

What the Numbers Show

The divergence between the improvement in loss before tax and the decline in revenue suggests cost containment measures or favorable one-time adjustments may have offset the top-line contraction. While revenue fell 4.5% year-over-year, the loss before tax narrowed significantly from ₹17.85 crore to ₹10.87 crore. This indicates that operating margins or non-operating expenses improved relative to the prior year, even as sales volumes or prices faced headwinds. The positive other comprehensive income further cushioned the bottom line, turning what would have been a higher net loss into a more manageable figure.