Seshasayee Paper & Boards Limited has seen an increase in shareholding by Time Square Investments Private Limited, a move that has caught the attention of market observers. The transaction, which took place on November 14, 2025, saw Time Square Investments acquire an additional 55,000 equity shares of the paper manufacturing company through open market purchases.

Transaction Details

Impact on Shareholding

The move by Time Square Investments has resulted in a change in its ownership position within Seshasayee Paper & Boards Limited.

This acquisition represents an increase of 0.09% in Time Square's stake in the company.

Regulatory Compliance

The transaction has been reported in compliance with the Securities and Exchange Board of India (SEBI) takeover regulations. As per the disclosure made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Time Square Investments informed Seshasayee Paper & Boards Limited of the change in shareholding.

About the Companies

Seshasayee Paper & Boards Limited, with its registered office in Pallipalayam, Namakkal District, Tamil Nadu, is a player in the paper manufacturing industry.

Time Square Investments Private Limited, registered in Chennai, has shown continued interest in Seshasayee Paper & Boards, as evidenced by this latest acquisition.

This transaction underscores the ongoing dynamics in the paper industry and highlights the moves being made by investment firms in the sector.

Seshasayee Paper & Boards Limited, a prominent player in the Indian paper industry, has released its financial results for the quarter ended September 30, 2025, revealing a decline in revenue and profitability compared to the same period last year.

Financial Performance

The company reported a revenue from operations of ₹346.25 crores for Q2 FY2026, down from ₹398.40 crores in Q2 FY2025, marking a 13.1% year-over-year decrease. The net profit after tax also saw a significant drop, falling to ₹17.80 crores from ₹24.78 crores in the corresponding quarter of the previous year, representing a 28.2% decline.

For the half-year period ended September 30, 2025, Seshasayee Paper reported:

• Revenue: ₹731.58 crores (down from ₹820.56 crores)
• Net Profit: ₹34.86 crores (decreased from ₹63.12 crores)

Operational Highlights

Despite the challenging market conditions, Seshasayee Paper has been taking strategic steps to enhance its operational capabilities:

1. The company invested ₹26 crores in Navia One Power Private Limited, acquiring a 26.1% stake. This investment aims to develop solar and wind power capacity, potentially leading to cost efficiencies in the future.

2. The Board of Directors reviewed and approved these unaudited financial results in their meeting held on October 25, 2025.

Market Outlook

While the paper industry faces headwinds, Seshasayee Paper's investment in renewable energy sources suggests a forward-looking approach to managing operational costs. The company's focus on sustainable practices may position it well for future growth, despite the current market challenges.

Investor Notes

• Basic earnings per share (EPS) for Q2 FY2026 stood at ₹2.96, compared to ₹4.11 in Q2 FY2025.
• The company maintains a strong balance sheet with total assets of ₹2,407.24 crores as of September 30, 2025.

Seshasayee Paper & Boards Limited continues to navigate through a tough market environment. While the current financial results show a decline, the company's strategic investments and focus on operational efficiency may help in addressing the challenges ahead.