pudumjee paper products reported a net profit of ₹92.30 crore for the financial year ended March 31, 2026 (FY26), a decline of 4% from the previous year’s ₹96.27 crore. Revenue from operations remained flat at ₹807.88 crore, compared to ₹809.08 crore in FY25, as the company navigated volatile raw material prices and moderated industry pricing. Despite the dip in profitability, EBITDA remained stable at ₹145.01 crore, reflecting disciplined cost management and operational efficiency.

The Board of Directors recommended a dividend of ₹0.60 per equity share, subject to shareholder approval at the Annual General Meeting scheduled for September 02, 2026. The dividend will be paid to shareholders whose names appear on the Register of Members on September 02, 2026, or beneficial owners as per depository records on August 24, 2026. Statutory auditors J. M. Agrawal & Company issued an unqualified audit report, confirming compliance with Ind AS and the Companies Act, 2013.

Financial Performance

The company’s financial results for FY26 reflect resilience amidst fluctuating pulp prices and energy costs. While production volumes increased by approximately 2% to 68,344 tons, average realisations per ton declined by approximately ₹3,000 due to lower raw material costs passed on to customers. This dynamic resulted in flat revenue despite higher throughput. Return on Capital Employed (RoCE) decreased to 17.47% from 21.20% in FY25, driven by incremental capital deployment towards renewable energy and manufacturing enhancements.

Operational Highlights

Pudumjee achieved its highest machine production in five years, reaching 73,082 MT, with finished paper production at 68,344 MT. The company successfully commissioned a 15.4 MW solar power plant in December 2025, increasing its renewable energy contribution to approximately 27% of total power consumption. This initiative supports long-term cost competitiveness and sustainability goals, with targets to reach 50% renewable energy usage within two years. Additionally, the Hygiene Products Division saw a 17% revenue improvement, driven by new institutional accounts such as Mumbai Airport.

What the Numbers Show

A key observation from the FY26 results is the divergence between volume growth and revenue stability. While production volumes rose by 2%, revenue remained flat, indicating that the benefit of lower pulp prices was largely passed on to customers through reduced realisations. This strategy helped maintain market share and customer trust during a period of pricing ambiguity. Furthermore, the company’s ability to fund significant capital expenditure of approximately ₹110 crore through internal accruals underscores its strong cash flow generation and conservative leverage profile, with a debt-equity ratio of just 0.06x.

Pudumjee Paper Products has scheduled its 12th Annual General Meeting (AGM) for Wednesday, September 2, 2026, to address key corporate governance matters and seek shareholder consent for raising capital through public fixed deposits. The meeting, held via Video Conferencing (VC) or Other Audio Visual Means (OAVM), aims to secure a Special Resolution allowing the Board to invite unsecured deposits from the public in general, subject to limits prescribed under the Companies (Acceptance of Deposits) Rules, 2014. This move is intended to support the company’s working capital requirements.

The Board of Directors approved the proposal to accept deposits during its meeting on May 22, 2026. Pursuant to Sections 73(2) and 76 of the Companies Act, 2013, shareholder approval is mandatory for such fundraising activities. The explanatory statement confirms that none of the directors, key managerial personnel, or their relatives have any monetary interest in this resolution. Additionally, the AGM will transact ordinary business, including the adoption of audited financial statements for FY26 and the declaration of dividends.

Key Agenda Items

The notice outlines several critical resolutions for shareholder consideration:

Dr. Ashok Kumar, who holds qualifications in Chemical Engineering and Pulp Processing, brings over four decades of experience in the paper industry. He was appointed to his current designation on May 28, 2016. His remuneration for FY25-26 stood at ₹1,54,04,943. He currently holds no shares in Pudumjee Paper Products but serves as a director in AMJ Land Holdings Limited.

Shareholder Participation and Deadlines

The register of members will be closed from August 25, 2026, to September 2, 2026, inclusive. Shareholders holding shares as of August 24, 2026, are eligible to vote. Remote e-voting will be facilitated by National Securities Depository Limited (NSDL) from August 30, 2026, at 9:00 a.m. IST to September 1, 2026, at 5:00 p.m. IST. Once cast, votes cannot be modified.

Dividends, if declared, will be paid electronically on or after September 22, 2026, subject to tax deduction at source (TDS). Shareholders are advised to update their KYC details with KFin Technologies Limited, the Registrar and Share Transfer Agent, to ensure smooth dividend processing. Unclaimed dividends from FY2018-19 will be transferred to the Investor Education and Protection Fund (IEPF) by September 24, 2026.

What the Numbers Show

The decision to seek approval for public fixed deposits highlights Pudumjee Paper Products’ proactive approach to managing its working capital cycle. By opting for unsecured deposits within regulatory limits, the company balances liquidity needs with capital structure flexibility. The simultaneous re-appointment of Dr. Ashok Kumar underscores continuity in leadership, leveraging his extensive industry expertise during a period of operational focus.