Satia Industries has published the notice for its 45th Annual General Meeting (AGM) in Financial Express and Punjabi Jagran on September 8, 2026. This disclosure confirms the logistical details for shareholders ahead of the meeting scheduled for September 30, 2026.

The company issued this communication to comply with regulatory requirements for newspaper publication of AGM notices. The notice is also available on the company’s website under the Investors section.

AGM Schedule and Venue

The 45th AGM will be held on Wednesday, September 30, 2026, at 10:30 am. The venue is the company’s registered office located at VPO: Rupana, Malout-Muktsar Road, Sri Muktsar Sahib, Punjab.

Key Agenda Items

The ordinary business includes the adoption of the audited financial statements as at March 31, 2026. Shareholders will vote on the dividend recommendation by the Board of Directors out of profits for the financial year ending March 31, 2026.

Director Re-appointment

Mr. Chirag Satia, Executive Director, retires by rotation and offers himself for re-appointment. He has served since February 13, 2015, and holds 69,60,669 shares (6.96% stake). His father, Dr. Ajay Satia, serves as Chairman cum Managing Director.

Cost Auditor Remuneration

Under special business, shareholders will ratify the remuneration of ₹2,00,000 plus applicable taxes and out-of-pocket expenses to M/s Balwinder & Associates for conducting the cost audit for FY27.

Voting Schedule

Remote e-voting will commence on September 27, 2026, and conclude on September 29, 2026. The cut-off date for determining eligible members is September 23, 2026. The register of members will remain closed from September 24 to September 30, 2026.

FY26 Financial Performance

Satia Industries reported a challenging FY26, with revenue from operations declining 4% to ₹14,519 million (₹15,120 million in FY25). EBITDA fell 51% to ₹1,318 million, with margins contracting by 879 basis points to 9.1% from 17.9%. Profit for the period was ₹409 million against ₹1,186 million in FY25.

The decline in profitability reflects sustained pressure on realisations from low-cost imports, higher agro-fibre costs due to flooding in Punjab, and elevated fuel costs in Q4FY26 following geopolitical tensions in West Asia.

What the Numbers Show

Net debt to equity rose to 0.25x from 0.14x in FY25, driven by debt drawdowns for ongoing capital expenditure, specifically the PM3 upgrade. Despite margin compression, the company maintained its dividend payout, supported by strong operating cash flows of ₹23,349 million.

Satia Industries filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, in compliance with SEBI Listing Obligations regulations. The filing outlines the company’s operational footprint, governance structures, and environmental performance metrics for FY26.

Operational Overview

The company operates as an integrated wood and agro-based paper manufacturer. Its primary business activity is the manufacturing of writing and printing paper, which accounted for 99.58% of total turnover during the reporting period. Satia Industries serves a diversified customer base across domestic and international markets.

Exports contributed 6.38% of the total turnover in FY26. The company operates one plant and four offices nationally, with no international locations. It serves customers in 20 Indian states and union territories, alongside five international countries.

Workforce and Governance

As of the end of FY26, the company employed 672 permanent employees and 1,952 permanent workers. The workforce is predominantly male, with females constituting 2.23% of employees and 0.15% of workers.

The Board of Directors comprises 11 members, including one female director (9.09% representation). The company reported a turnover rate of 15.75% for permanent employees and 9.23% for permanent workers in FY26, compared to 16.06% and 12.39% respectively in FY25.

Environmental Metrics

Satia Industries disclosed detailed environmental data under Principle 6 of the BRSR framework:

The company utilizes agricultural residues such as wheat straw and sarkanda in its manufacturing process. Treated effluent is reused for irrigation purposes, including eucalyptus plantations, supporting water conservation initiatives. No treated effluent was discharged into surface water bodies.

What the Numbers Show

While total energy consumption declined by approximately 11.8% from FY25 to FY26, renewable energy remained the dominant source, accounting for nearly 99% of total usage. This indicates that the reduction in energy intensity was driven by overall efficiency gains rather than a shift away from renewable sources. Additionally, hazardous waste generation decreased significantly, falling from 3,800.82 MT in FY25 to 3,038.46 MT in FY26, suggesting improved waste management practices.