Shree Krishna Paper Mills & Industries Ltd Shree Krishna Paper Mills has approved the re-appointment of Naynesh Pasari as its Managing Director for a period of three years. The Board of Directors made the decision during a meeting held on August 04, 2026, at the company’s registered office in New Delhi. The new term commences on August 10, 2026, and extends until August 09, 2029, ensuring continuity in leadership for the paper manufacturing firm. This appointment is subject to ratification by the members of the company at the ensuing 54th Annual General Meeting.

The re-appointment follows a recommendation from the Nomination and Remuneration Committee. Pasari, who holds an MBA in finance from Waltham, USA, brings extensive experience in the paper industry, including competencies in business, finance, risk oversight, and governance. He is not liable to retire by rotation during this tenure. The company disclosed that Pasari is the son of Narendra Kumar Pasari, the Whole Time Director of the company, but is not related to any other director or key managerial personnel.

Key Details of Re-Appointment

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its filing with BSE Limited. Ritika Priyam, Company Secretary and Compliance Officer, signed the intimation.

Leadership Profile

Naynesh Pasari possesses rich experience in accounting, marketing, export-import, and finance. The Board confirmed that he holds the requisite skill sets and exposure necessary for his role in the context of the company’s business operations. He is not debarred from holding the office of Director by any order passed by SEBI or any other authority, as per the disclosures required under BSE circular Number LIST/COM/14/2018-19 dated June 20, 2018.

What This Means

The re-appointment signals stability in the company’s executive leadership. With Pasari returning to the role of Managing Director, Shree Krishna Paper Mills aims to leverage his industry expertise and financial background to steer the company’s operations over the next three years. Shareholders will have the final say on the matter when they convene for the 54th Annual General Meeting.

Shree Krishna Paper Mills & Industries Ltd reported a net profit of ₹1,944.69 lakh for the financial year ended March 31, 2026, a significant increase compared to ₹112.74 lakh in the previous year. The company’s board approved the audited financial results for the quarter and year ended March 31, 2026 at a meeting held on May 29, 2026. The profitability was significantly bolstered by exceptional items totaling ₹2,025.75 lakh, recognized as profit on the sale of a vacant plot of land. Excluding these items, the profit before tax for the year was ₹452.43 lakh.

Total revenue from operations for FY26 rose to ₹22,808.36 lakh from ₹16,870.84 lakh in the previous year. For the quarter ended March 31, 2026, the company recorded a profit of ₹1,727.62 lakh, compared to ₹86.20 lakh in the corresponding quarter of the previous year. Revenue for the quarter stood at ₹6,065.11 lakh. The statutory auditors, M/s. Ashwani Garg & Associates, issued an unmodified opinion on the financial results.

Financial Performance

The company’s total income for FY26 reached ₹22,987.22 lakh, up from ₹16,995.64 lakh in FY25. Total expenses for the year increased to ₹22,534.79 lakh from ₹16,800.80 lakh. The basic earnings per share (EPS) for the year improved to ₹14.38 from ₹0.83 in the previous year.

Exceptional Items and Operational Updates

The surge in annual profitability was largely attributed to exceptional items of ₹2,025.75 lakh arising from the sale of land. The company also noted an incremental impact of ₹22.33 lakhs on employee benefit expenses due to the implementation of new Labour Codes effective from November 21, 2025.

Following the quarter's end, the company entered into a power purchase agreement with M/s. Ratan Green Projects One Private Limited to procure 8.5 MW of solar power. As part of this initiative, the company paid ₹93.00 lakhs towards an equity subscription, reflecting its commitment to renewable energy.

Board Approvals and Auditor Appointments

The board approved the re-appointment of M/s. G A M S & Associates LLP as Internal Auditors and M/s. Vijender Sharma & Co. as Cost Auditors for the financial year 2026-27. Additionally, the board approved the Board Report, Corporate Governance Report, and Management Discussion and Analysis Report for the financial year ended March 31, 2026. Details of related party transactions for the second half of the year were also considered and filed.