Satia Industries successfully restarted Paper Machine-3 (PM-3) at its manufacturing facility in Rupana, Punjab, on September 7, 2026. This restart follows the completion of a significant technological upgradation and rebuild project for the machinery.

The company filed an intimation with stock exchanges under Regulation 30 of the SEBI (LODR) Regulations, 2015, confirming the operational status of the machine. The filing was dated October 8, 2026, signed by Company Secretary Rakesh Kumar Dhuria.

Current Operational Status

Following the physical restart, PM-3 is not yet in full commercial production. The machine is currently undergoing requisite trials and testing activities to ensure stability and performance standards are met post-upgradation.

Satia Industries stated that it is closely monitoring the performance of the machine during this trial phase. The company expects to commence regular commercial operations only upon the successful completion of these testing activities.

Facility Details

The manufacturing unit is located in VPO: Rupana, Punjab. Satia Industries is an ISO 9001, 14001 & 45001 certified manufacturer specializing in quality writing, printing, and specialty paper products.

Satia Industries shareholders approved a final dividend of ₹0.40 per equity share for the financial year 2025-26 during the company's 45th Annual General Meeting held on September 30, 2026.

The meeting, conducted at the registered office in Muktsar, Punjab, saw the adoption of audited financial statements for FY26 and the reappointment of Chirag Satia as Executive Director. Voting was carried out through remote e-voting and physical ballots, with all four proposed resolutions passing with requisite majorities.

Key resolutions passed

The AGM addressed both ordinary and special business items. The following resolutions were transacted:

1. Adoption of Audited Financial Statements for FY26.
2. Declaration of Final Dividend at 40% (₹0.40 per share).
3. Reappointment of Chirag Satia as Executive Director.
4. Ratification of remuneration to Cost Auditors.

Voting results summary

The voting data indicates strong shareholder support across all agenda items. Notably, promoter group members did not cast votes through the electronic system, while public non-institutional shareholders participated actively via remote e-voting.

What the numbers show

A distinct pattern emerges when comparing the voting on the reappointment resolution against the other items. While resolutions regarding financial statements, dividends, and auditor remuneration saw near-unanimous support with only 75 votes against, the reappointment of Chirag Satia attracted significantly higher dissent.

Specifically, 59,355 votes were cast against his reappointment, compared to just 75 against the dividend declaration. This divergence suggests that while the broader financial outcomes and governance basics were accepted without contention, there was a specific segment of the voting public that expressed reservation regarding the executive director's reappointment, despite the overall majority remaining firmly in favor.