Seshasayee Paper & Boards Limited (SPB) has achieved a significant milestone in its growth strategy by securing environmental clearance for a substantial expansion of its manufacturing facility in Erode, Tamil Nadu. The company announced that it has received approval from the Ministry of Environment, Forests and Climate Change (MoEF & CC) to increase its pulp and paper capacities by 20% at its Erode plant.

Expansion Details

The environmental clearance, granted on August 1, 2025, pertains to the company's Mill Development Plan - IV (Phase-I) project. This approval marks a crucial step forward in SPB's efforts to enhance its production capabilities and meet growing market demands.

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, Seshasayee Paper and Boards Limited promptly disclosed this development to the stock exchanges.

Project Background

The journey towards this expansion began earlier, with the company submitting its initial application for environmental clearance. SPB had kept investors informed of the progress through a series of disclosures:

• April 29, 2023: Initial notification of the project application
• April 27, 2024: Update on the application process
• September 13, 2024: Further developments regarding the application

Impact and Outlook

The granted environmental clearance is a positive development for Seshasayee Paper and Boards Limited, as it allows the company to proceed with its expansion plans. This 20% increase in pulp and paper capacities is expected to strengthen the company's market position and potentially lead to improved operational efficiency and production output.

As the paper industry continues to evolve, this expansion could enable SPB to meet increasing demand and capitalize on new market opportunities. However, the company has not yet disclosed specific details about the timeline for implementing the expansion or its potential impact on financial performance.

Seshasayee Paper & Boards , a prominent player in the paper industry, has successfully appointed two new nominee directors following overwhelming shareholder approval through a postal ballot. The voting process, which concluded on July 25, 2025, saw the appointment of Sri Kumar Jayant, IAS, and Sri Ashish Kumar Srivastava, IFS, to the company's board.

Voting Results

The postal ballot, conducted through remote e-voting, demonstrated strong shareholder support for both appointments:

• Sri Kumar Jayant, IAS: Appointed as a nominee director not liable to retire by rotation, with 99.95% of votes cast in favor.
• Sri Ashish Kumar Srivastava, IFS: Appointed as a nominee director liable to retire by rotation, also receiving 99.95% of votes in favor.

The e-voting process, facilitated by the National Securities Depository Limited (NSDL), ran from June 25 to July 24, 2025, ensuring wide participation among the company's 22,850 shareholders as of the June 20, 2025 cut-off date.

New Directors' Profiles

Sri Kumar Jayant, IAS

• Currently serves as Chairman and Managing Director of The Tamilnadu Industrial Investment Corporation Limited
• Brings extensive experience in public administration and industrial development

Sri Ashish Kumar Srivastava, IFS

• Holds the position of Special Secretary (Forests) in the Environment, Climate Change and Forests Department, Government of Tamilnadu
• Brings valuable expertise in environmental and forestry matters

Implications for Seshasayee Paper and Boards

The appointment of these high-profile nominee directors is expected to bring fresh perspectives and strategic insights to Seshasayee Paper and Boards Limited. Sri Kumar Jayant's experience in industrial investment could potentially guide the company's growth strategies, while Sri Ashish Kumar Srivastava's background in forestry and environmental affairs aligns well with the sustainable practices crucial to the paper industry.

S Srinivas, Director (Finance) & Secretary of Seshasayee Paper and Boards Limited, confirmed the appointments and the voting results in a communication to the National Stock Exchange of India Limited and BSE Limited.

The strong shareholder support for these appointments indicates confidence in the company's governance and future direction. As Seshasayee Paper and Boards Limited continues to navigate the evolving paper industry landscape, the expertise of these new directors may prove instrumental in shaping the company's strategies and operations.