Shree Krishna Paper Mills & Industries Ltd has scheduled its 54th Annual General Meeting (AGM) for Tuesday, September 29, 2026. The meeting will be held via Video Conferencing (VC) or Other Audio Visual Means (OAVM) starting at 11:00 am.

The AGM aims to adopt the audited financial statements for FY26, which reported a net profit of ₹1,944.69 lakh, a significant turnaround from the ₹112.74 lakh profit in FY25. Revenue from operations rose to ₹22,808.36 lakh in FY26, up from ₹16,870.84 lakh in the previous year.

Financial Performance

The company’s profit before tax stood at ₹2,478.18 lakh in FY26, driven by operational improvements and exceptional items. Profit before exceptional items and tax was ₹452.43 lakh, compared to ₹194.84 lakh in FY25. Exceptional income of ₹2,025.75 lakh, primarily from the sale of part of a vacant leasehold land plot, contributed significantly to the bottom line. After tax expenses of ₹533.49 lakh, the net profit after tax was ₹1,944.69 lakh.

What the Numbers Show

The dramatic increase in net profit is largely attributable to non-operational factors. While operational profitability improved with pre-tax profits rising from ₹194.84 lakh to ₹452.43 lakh, the exceptional income of ₹2,025.75 lakh constituted approximately 82% of the total profit before tax. This indicates that while core business performance strengthened, the headline bottom-line growth was significantly boosted by the one-time asset sale.

AGM Agenda and Corporate Actions

Shareholders will vote on ordinary business, including the adoption of financial statements and the re-appointment of Mr. Narendra Kumar Pasari as a director. Special business resolutions include:

• Re-appointment of Mr. Naynesh Pasari as Managing Director for three years, commencing August 10, 2026. His remuneration includes a basic salary of ₹2 lakh per month plus HRA at 50% of basic salary, along with other perquisites.
• Approval of material related-party transactions with Gopala Sales Private Limited, valued up to ₹100 crore for FY27. These transactions involve the sale and purchase of paper products and services on an arm's length basis.
• Ratification of the remuneration of M/s. Vijender Sharma & Co. as Cost Auditors for FY27, amounting to ₹100,000 plus taxes and out-of-pocket expenses.

Book Closure and E-Voting

The register of members and share transfer books will remain closed from September 23, 2026, to September 29, 2026. The cut-off date for determining eligible shareholders for remote e-voting is Tuesday, September 22, 2026. Members can cast their votes via MUFG Intime India Private Limited during the remote e-voting period from September 26, 2026, to September 28, 2026.

Shree Krishna Paper Mills & Industries Ltd posted a substantial rise in profitability for the first quarter of FY27, with standalone net profit after tax jumping to ₹6.38 crore from ₹0.88 crore in the corresponding period of FY26. The company’s total income from operations also expanded, reaching ₹60.25 crore, up from ₹55.61 crore year-on-year.

The Board of Directors approved the unaudited financial results at its meeting held on August 12, 2026. The figures were reviewed by the Audit Committee and subjected to a limited review by statutory auditors.

Financial Highlights

The operational net profit before tax saw a slight contraction to ₹1.13 crore from ₹1.25 crore in the previous year, indicating modest pressure on core operating margins despite the revenue growth. However, the inclusion of exceptional and/or extraordinary items significantly boosted the bottom line. Pre-tax profits after accounting for these exceptional items stood at ₹72.71 crore, compared to ₹1.25 crore in Q1FY26.

What the Numbers Show

The divergence between operational and total profitability is stark. While revenue grew by approximately 8%, core operational profits declined nearly 10%. The reported net profit growth of over 600% is almost entirely attributable to non-recurring exceptional items, which contributed roughly ₹61.58 crore to the pre-tax profit figure. This suggests that the company’s underlying business performance remained relatively flat, with the headline profit surge being a one-off accounting event rather than an improvement in operational efficiency or sales volume.

Total comprehensive income for the period was reported at ₹6.75 crore, up from ₹0.91 crore in the same quarter last year. Equity share capital remained unchanged at ₹13.52 crore.