Emami Paper Mills Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the appointment of Sushil Kumar Khetan as Whole-time Director and Chief Executive Officer. The company announced the voting results on January 9, 2026, following the completion of the remote e-voting process.

Overwhelming Shareholder Support

The special resolution received exceptional support from shareholders, with the voting results demonstrating strong confidence in the leadership appointment:

Appointment Details

Sushil Kumar Khetan (DIN: 00358577) has been appointed as Whole-time Director and Chief Executive Officer for a three-year term effective from December 6, 2025. The appointment includes provisions for remuneration payment and makes him liable to retire by rotation as per company regulations.

Voting Process and Participation

The postal ballot was conducted entirely through remote e-voting, facilitated by Central Depository Services (India) Limited. The voting period extended from December 10, 2025, at 9:00 AM to January 8, 2026, at 5:00 PM, with the cut-off date set as November 28, 2025.

Regulatory Compliance

The postal ballot process was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations. MKB & Associates, Company Secretaries, served as the scrutinizer for the voting process, ensuring transparency and compliance with regulatory requirements.

The scrutinizer's report, issued by Raj Kumar Banthia, Partner at MKB & Associates, confirmed that all procedural requirements were met and the resolution was passed with the requisite majority. The voting results and scrutinizer's report are available on the company's website and the e-voting platform for shareholder reference.

Emami Paper Mills Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Sushil Kumar Khetan as Whole-time Director and CEO. This move comes as the company maintains a stable financial position, as evidenced by its recent balance sheet data.

Key Points of the Appointment

• Appointee: Sushil Kumar Khetan
• Proposed Position: Whole-time Director and CEO
• Tenure: Three years starting December 6, 2025
• Monthly Salary: Rs. 8.20 lakh plus perquisites
• E-voting Period: December 10, 2025, to January 8, 2026

Khetan's Background

Sushil Kumar Khetan brings over three decades of experience in paper mill operations to the role. He has been serving as the CEO of Emami Paper Mills since September 2025, indicating the company's confidence in his leadership abilities.

Financial Context

To provide context for this appointment, let's examine Emami Paper Mills' recent financial position:

The company's financial data shows a mixed picture:

1. Asset Growth: Total assets have grown by 5.99% year-over-year, indicating overall expansion.
2. Liquidity Improvement: Current assets have increased significantly by 22.62%, suggesting better short-term liquidity.
3. Fixed Asset Optimization: A slight decrease in fixed assets (-2.47%) may indicate divestment or depreciation of some assets.
4. Equity Reduction: The 12.45% decrease in total equity could be a point of concern, potentially due to dividend payouts or losses.

Implications for Shareholders

1. Strategic Leadership: Khetan's extensive experience in the paper industry could be valuable for navigating market challenges and capitalizing on growth opportunities.
2. Governance Transparency: The postal ballot process demonstrates the company's commitment to shareholder engagement in key decisions.
3. Financial Stewardship: Given the mixed financial indicators, shareholders will likely be keen to see how the new leadership plans to improve equity positions while maintaining asset growth.

Conclusion

The appointment of Sushil Kumar Khetan as Whole-time Director and CEO comes at a crucial time for Emami Paper Mills. While the company shows signs of asset growth and improved liquidity, the decrease in equity suggests challenges that the new leadership will need to address. Shareholders are encouraged to participate in the e-voting process to have their say in this significant corporate decision.

As the paper industry continues to evolve, Khetan's experience could be instrumental in steering Emami Paper Mills towards sustainable growth and improved financial performance. Shareholders should consider the company's recent financial trends when casting their votes in this important ballot.