Emami Paper Mills Limited (EPML) has recently announced significant corporate actions and leadership changes, as approved by its Board of Directors. The company's decisions include a substantial preference share redemption and key executive transitions.

Preference Share Redemption

The Board has approved the redemption of unlisted preference shares, demonstrating a significant financial move:

This redemption aligns with the terms of issue for the OCRPS and represents a substantial payout to the company's promoter group.

Leadership Transitions

EPML is undergoing significant changes in its top management:

1. Resignation:

   • Vivek Chawla (DIN: 02696336) has resigned from his position as Whole-time Director, effective from the close of business hours on December 5, 2025.

2. New Appointment:

   • Sushil Kumar Khetan (DIN: 00358577), the current Chief Executive Officer, has been appointed as an Additional Director and Whole-time Director.
   • His appointment is subject to shareholder approval, which will be sought through a postal ballot.
   • Khetan's term is set for 3 years, commencing from December 6, 2025.

3. Committee Changes: Following these transitions, EPML has announced the reconstitution of several board committees, including the Stakeholders Relationship Committee, Risk Management Committee, Corporate Social Responsibility Committee, and Finance Committee.

Implications

These corporate actions signify important developments for Emami Paper Mills:

1. The preference share redemption indicates a substantial financial commitment to the promoter group, potentially impacting the company's capital structure.
2. The leadership changes, particularly the transition from Vivek Chawla to Sushil Kumar Khetan, may bring new strategic directions and management approaches to the company.
3. The reconstitution of various committees suggests a comprehensive review of the company's governance structure, which could influence future decision-making processes.

Investors and stakeholders will likely be keen to observe how these changes affect EPML's operational strategies and financial performance in the coming quarters.

Emami Paper Mills Limited , a key player in the paper and paperboard industry, has released its financial results for the quarter and half-year ended September 30, 2025, alongside significant corporate actions.

Financial Performance

The company reported a mixed financial performance for the second quarter:

For the half-year ended September 30, 2025, Emami Paper Mills reported:

• Revenue from operations of ₹910.37 crores
• Total income of ₹916.88 crores
• Profit before tax of ₹19.42 crores
• Profit after tax of ₹12.89 crores

Corporate Actions

The Board of Directors, in their meeting held on October 31, 2025, approved several key decisions:

1. Financial Results Approval: The unaudited financial results for Q2 and H1 FY2025-26 were approved.

2. Preference Shares Extension: The company extended the tenure of its Series II Tranche I preference shares by four years. These shares, originally due for conversion or redemption on August 13, 2025, have been reclassified as 8% Non-Convertible Non-Cumulative Preference Shares (NCRPS). The new terms include:

   • Redemption at a premium of ₹716 per share
   • Redemption period extended to 16 years from the original allotment date
   • Option for early redemption at a mutually agreed premium

3. Key Managerial Personnel Authorization: The Board authorized Key Managerial Personnel (KMPs) to determine the materiality of events and make disclosures to stock exchanges under SEBI regulations. The authorized KMPs include:

   • Vivek Chawla (Whole-time Director)
   • Sushil Kumar Khetan (Chief Executive Officer)
   • Mukesh Kumar Agarwal (Chief Financial Officer)
   • Debendra Banthiya (Company Secretary & Compliance Officer)

Business Segment

Emami Paper Mills continues to operate in a single reportable business segment: paper and paperboard, including newsprint.

Auditor's Review

S K Agrawal and Co Chartered Accountants LLP conducted a limited review of the financial results. The review report states that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

The company's performance reflects ongoing challenges in the paper industry, with a slight decrease in revenue compared to the previous year. The extension of preference shares and the authorization of key personnel for regulatory disclosures indicate proactive management of financial obligations and corporate governance.