Pudumjee Paper Products director retires on May 27, 2026

Pudumjee Paper Products Limited announced that Non-Executive Independent Director Mr. Basant Kumar Khaitan will retire from the Board effective May 27, 2026, upon the completion of his tenure. The company disclosed this development in a regulatory filing submitted to the exchanges, citing the provisions of Section 149 of the Companies Act, 2013. Consequently, Mr. Khaitan will cease to serve as Chairman or Member of the various committees of the Board on which he currently holds a position.

The Shareholders of the company had re-appointed Mr. Basant Kumar Khaitan for a second term at the Annual General Meeting held on August 21, 2021. His current term spanned from September 17, 2021, to May 27, 2026. The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Change

The filing provided specific details regarding the director's cessation and the regulatory framework governing the disclosure. The information was submitted in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Particulars	Details
Name of the Director	Mr. Basant Kumar Khaitan
Reason for change	Retirement upon completion of tenure
Designation	Non-Executive Independent Director
Date of cessation	May 27, 2026
DIN	00117129

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.10%	+3.10%	-1.83%	-18.67%	-19.97%	+216.72%

Pudumjee Paper Products reported its audited financial results for the quarter and year ended March 31, 2026. For the full fiscal year, the company recorded a revenue from operations of Rs. 80,788 lakhs compared to Rs. 80,908 lakhs in the previous year. Net profit for the year stood at Rs. 9,359 lakhs, while EBITDA was Rs. 14,501 lakhs. The company maintained its performance by increasing paper tonnage by 1,675 MT and lowering average net sales realization per MT to pass on cost reduction benefits to customers. The EBITDA margin for the year stood at 18%.

Key Financial Highlights

For the quarter ended March 31, 2026, revenue from operations increased to Rs. 20,055 lakhs from Rs. 19,008 lakhs in the corresponding period of the previous year. Net profit for the quarter rose to Rs. 1,972 lakhs from Rs. 1,885 lakhs year-on-year. EBITDA surged to Rs. 3,277 lakhs from Rs. 2,899 lakhs, with the EBITDA margin expanding to 16.34% from 15.25%.

The following table summarises the key financial metrics for the quarter on a year-on-year basis:

Metric	Q4 (Current)	Q4 (YoY)
Revenue	20,055 lakhs	19,008 lakhs
EBITDA	3,277 lakhs	2,899 lakhs
EBITDA Margin	16.34%	15.25%
Net Profit	1,972 lakhs	1,885 lakhs

Board Decisions

The Board of Directors has recommended a dividend of Re. 0.60 per equity share of Rs. 1/- each for the year ended March 31, 2026. This dividend is subject to the approval of shareholders at the ensuing 12th Annual General Meeting. The company stated that the dividend would be paid or dispatched within 30 days of its approval. Additionally, the Board appointed Mr. Anil Shankarlal Mittal as an Additional Director in the capacity of Non-Executive Independent Director for a period of 5 years effective May 22, 2026, subject to shareholder approval via postal ballot.

Operational Performance

The company successfully completed its capex programme of over Rs. 110 crores for setting up a Solar Power Plant, installing an AFBC boiler, and modernizing paper making machines. The 15.4 MW Solar Power Plant was operationalized in December 2025 at Bhalwani near Solapur. This plant caters to about 35% of the company's annual power requirement and reduces its carbon footprint by about 27000 MT. The company is currently in the process of making an application for environment clearance for the construction of a project at Mahad due to changes in regulatory requirements.