Seshasayee Paper & Boards Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, following a Board of Directors meeting held on May 12, 2026. The results were reviewed by the Audit Committee and approved by the Board at their respective meetings held on May 11, 2026 and May 12, 2026. Statutory auditors M/s Suri & Co, Chartered Accountants, issued an audit report with an unmodified opinion on both the standalone and consolidated annual financial statements. At the same meeting, the Board formally recommended a dividend of ₹2.00 per equity share of ₹2 each for the financial year 2025-26, subject to approval by members at the ensuing 66th Annual General Meeting. The communication was formally conveyed to the stock exchanges by S. Srinivas, Director (Finance) & Secretary, on May 12, 2026.

Q4 Operational Highlights

On a quarterly basis, Seshasayee Paper reported Q4 EBITDA of 235M rupees, down from 251M rupees in the same quarter of the previous year, reflecting a year-on-year compression in operating profitability. The Q4 EBITDA margin stood at 3.98%, compared to 5.02% in the corresponding prior-year quarter. Despite the margin pressure, Q4 standalone revenue rose to 5.9B rupees from 5.02B rupees year-on-year, indicating improved top-line performance. Q4 standalone net profit came in at 174M rupees versus 256M rupees in the year-ago period.

Standalone Financial Performance

On a standalone basis, the company reported revenue from operations of ₹1710.17 crores for the year ended March 31, 2026, compared to ₹1754.11 crores in the corresponding previous year. Total income, including other income of ₹49.48 crores, stood at ₹1759.65 crores for FY26, against ₹1824.26 crores in FY25. The standalone net profit after tax for the full year declined to ₹67.78 crores from ₹104.56 crores in FY25. Total comprehensive income for the standalone entity stood at ₹53.64 crores for FY26, compared to ₹104.49 crores in the previous year.

The following table summarises the key standalone financial metrics:

Consolidated Financial Performance

On a consolidated basis, which includes wholly owned subsidiary Esvi International (Engineers & Exporters) Limited and associate Ponni Sugars (Erode) Limited, the company reported total income of ₹1759.20 crores for FY26, against ₹1822.98 crores in FY25. Consolidated net profit after tax for FY26 stood at ₹82.53 crores, compared to ₹109.17 crores in FY25. The Group's share of net profit from its associate amounted to ₹15.53 crores for the year ended March 31, 2026, against ₹6.19 crores in FY25. Total comprehensive income on a consolidated basis was ₹68.63 crores for FY26 versus ₹107.20 crores in FY25.

Balance Sheet Highlights

As at March 31, 2026, standalone total assets stood at ₹2410.12 crores, compared to ₹2445.05 crores as at March 31, 2025. Standalone equity (share capital plus other equity) was ₹1950.49 crores as at March 31, 2026, against ₹1911.91 crores in the previous year. Standalone reserves, excluding revaluation reserves, stood at ₹1938.45 crores as at March 31, 2026, compared to ₹1899.87 crores as at March 31, 2025. On a consolidated basis, total assets were ₹2501.83 crores as at March 31, 2026, versus ₹2521.77 crores in the prior year, with consolidated reserves at ₹2029.93 crores against ₹1976.36 crores.

Dividend, Book Closure, and AGM Calendar

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books of the company will remain closed from Thursday, June 11, 2026 to Saturday, June 20, 2026 (both days inclusive). The book closure is for the purpose of the 66th Annual General Meeting and payment of the dividend recommended for the financial year 2025-26. The Board of Directors has recommended a dividend of ₹2.00 per equity share of ₹2 each, subject to approval by members at the AGM.

Servalakshmi Paper Acquisition Update

The company disclosed that the Hon'ble NCLT, Chennai bench, vide its order dated May 12, 2023, approved the e-auction sale of assets of M/s. Servalakshmi Paper Limited (Corporate Debtor in Liquidation) as a Going Concern in favour of the company, and the Sales Certificate has been issued with assets handed over. Of the three appeals challenging the NCLT order filed before the Hon'ble NCLAT, two appeals were dismissed as withdrawn, and the remaining appeal has been heard and reserved for orders. The company continues to take steps for revival, refurbishment, and recommencement of operations at the acquired facility. Paper remains the only reportable segment of operation of the company.

Seshasayee Paper & Boards Limited has announced the appointment of M/s S.Mahadevan & Co, Cost Accountants (Firm Registration No.000007), as the Cost Auditor of the company for the Financial Year 2026-27. The Board of Directors approved this appointment at its meeting held on May 12, 2026. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated 30.01.2026.

Appointment Details

The following table summarises the key details of the appointment as disclosed under Regulation 30 of the SEBI Listing Regulations:

Profile of M/s S.Mahadevan & Co

M/s S.Mahadevan & Co is a 43-year-old firm that was established as a Firm of Cost Accountants in 1978. The firm provides a wide range of compliance and Cost Audit Certification Services in India. Over the years, the firm has expanded its presence across multiple cities, with its offices and associate network covering key financial and industrial hubs.

Office Presence

• Main Offices: Chennai and Coimbatore
• Associate Offices: Salem, Bangalore, and Hyderabad
• Corporate Office: 112, Dr. Radhakrishna Road, Tatabad, Coimbatore 641012

All offices are manned by experienced professionals as partners, enabling the firm to serve clients across diverse industries and geographies.

Regulatory Disclosure

The intimation was submitted to both the National Stock Exchange of India Limited and BSE Limited by S. Srinivas, Director (Finance) & Secretary (DIN: 09713128), on behalf of Seshasayee Paper and Boards Limited. The company's registered office and works are located at Pallipalayam, Namakkal District, Erode – 638 007, Tamilnadu, India. The disclosure of relationships between directors was noted as not applicable in the context of this appointment.