Shreenath Paper Products incorporates associate company

Shreenath Paper Products Limited has incorporated a new associate company, Shreenath Paper Industries Private Limited, to expand its operations in the paper manufacturing sector. The company subscribed to 50% of the paid-up equity share capital of the newly formed entity for cash consideration at face value. This strategic move follows an earlier intimation dated May 30, 2026, regarding the exploration of joint venture opportunities.

The incorporation of Shreenath Paper Industries was completed under the provisions of the Companies Act, 2013. Consequently, the entity has been classified as an associate company within the Shreenath Paper Products group. The transaction was executed at face value per equity share and does not constitute a related party transaction at the time of incorporation, as promoters or the promoter group hold no interest beyond their shareholding in the parent company.

Details of the Associate Company

The newly incorporated entity has an authorized and paid-up share capital of INR 10,00,000. As a recently established company, it currently reports no turnover or prior business operations. The primary objective of Shreenath Paper Industries is to carry on the business of manufacturing and dealing in various kinds of paper, board, and related products.

Particulars	Details
Name	Shreenath Paper Industries Private Limited
Authorized Share Capital	INR 10,00,000
Paid-up Share Capital	INR 10,00,000
Country of Incorporation	India
Percentage of Shareholding	50%
Nature of Consideration	Cash

Business Objectives and Regulatory Compliance

Shreenath Paper Industries is set to engage in the manufacture of paper products, including writing paper, printing paper, kraft paper, and paperboards. The company will also deal in converted paper products and articles where paper or board is a primary component. No separate governmental approvals were required for the subscription to shares, as the entity was incorporated under standard regulatory provisions.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was submitted to BSE Limited on July 10, 2026, by Alok Parekh, Chairman and Managing Director of Shreenath Paper Products Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-3.18%	+7.02%	-24.71%	-52.70%	-61.72%

Shreenath Paper Products Limited reported revenue from operations of ₹11466.22 lakh for the financial year ended March 31, 2026, an increase from ₹10258.21 lakh in the prior year. Profit after tax for the year stood at ₹285.54 lakh, while earnings per share (basic) were recorded at ₹1.45. The company's statutory auditors, M/s. S H Dama & Associates, issued an audit report with an unmodified opinion on the financial results.

The Board of Directors, in its meeting held on May 30, 2026, approved the audited financial results for the half year and year ended March 31, 2026. The results were reviewed by the Audit Committee prior to Board approval. The company stated that the figures for the half year ended March 31, 2026, are balancing figures between the audited full year results and the unaudited half year ended September 30, 2025.

Financial Performance

The total income for FY26 rose to ₹12156.83 lakh from ₹10608.11 lakh in FY25. Total expenses increased to ₹11772.26 lakh from ₹10215.75 lakh in the corresponding period. Finance costs for the year decreased to ₹277.02 lakh compared to ₹327.35 lakh in the previous year.

Particulars	Year Ended 31 March 2026 (Amount in Lakhs)	Year Ended 31 March 2025 (Amount in Lakhs)
Revenue from Operations	11466.22	10258.21
Total Income	12156.83	10608.11
Total Expenses	11772.26	10215.75
Profit before Tax	384.57	392.36
Profit after Tax	285.54	288.87
Basic EPS (₹)	1.45	1.96

Board Approvals

Based on the recommendations of the Nomination and Remuneration Committee and Audit Committee, the Board approved the re-appointment of Mr. Navneetdas Vallabhdas Parekh as Chief Financial Officer of the company for a further period of three years effective from July 11, 2026, to July 10, 2029. Mr. Parekh is a promoter of the company and has been associated with it since its incorporation.

The Board also discussed a proposal to explore opportunities for entering into joint ventures for the manufacturing of paper. The company stated it is currently evaluating potential opportunities and will inform the stock exchanges upon any concrete development or material event.