Seshasayee Paper & Boards , headquartered in Pallipalayam, Namakkal District, Erode, Tamil Nadu, announced on May 12, 2026, that its Board of Directors has approved a capital investment of ₹25.00 crores for the augmentation of its copier paper conversion facility. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with the company's policy on determination of materiality of events and information.

Investment Overview

The approved capital investment is directed towards augmenting the copier paper conversion facilities at the company's Erode and Tirunelveli units. The stated rationale for this investment is to enable the company to have increased participation in the Copier Paper market. Importantly, the company has clarified that this project involves only the augmentation of conversion facilities and does not result in any change in the overall paper manufacturing capacity.

The key parameters of the approved project are outlined below:

Operational Context

The company's combined paper manufacturing capacity across its Erode and Tirunelveli units currently stands at 2,55,000 tonnes per annum, with an existing capacity utilization of 97%. The project, as disclosed, envisages only the augmentation of conversion facilities, with no addition to the overall manufacturing capacity. The project is planned for completion within 6 months from June 2026.

Regulatory Disclosure

The announcement was made by S. Srinivas, Director (Finance) & Secretary (DIN: 09713128), on behalf of Seshasayee Paper and Boards Limited. The disclosure was filed with both the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30(4) of SEBI (LODR) Regulations, 2015.

High Energy Batteries (India) Limited has submitted a declaration to the National Stock Exchange of India Limited and BSE Limited confirming that no encumbrance has been created on shares of Seshasayee Paper and Boards Limited held by the company during the financial year ended March 31, 2026. The disclosure was made pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, dated April 3, 2026.

Declaration Details

The company explicitly stated that no encumbrance on shares of Seshasayee Paper and Boards Limited held by it has been made directly or indirectly during the specified financial year. This declaration is a mandatory disclosure requirement under SEBI regulations for entities holding substantial shareholding in listed companies.

Shareholding Information

The following table provides details of the shareholding position of High Energy Batteries (India) Limited in Seshasayee Paper and Boards Limited:

The declaration was submitted by V Anantha Subramanian, Company Secretary of High Energy Batteries (India) Limited, under reference number SECY/2026-27/001. The company is registered at Esvin House, Perungudi, Chennai, and operates as an ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certified entity established in 1979.