Neeraj Paper Marketing Ltd. announced the outcome of its board meeting held on February 13, 2026, where directors approved several significant corporate decisions including the company's Q3FY26 unaudited financial results and the sale of immovable property generating annual rental income.

Board Meeting Decisions

The board meeting, which commenced at 2:00 PM and concluded at 3:25 PM, addressed multiple agenda items. The directors approved the unaudited financial results for the quarter ended December 31, 2025, in compliance with Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Property Sale Approval and Financial Impact

The board approved the proposal for the sale of the company's immovable property situated at 217, Agarwal Prestige Mall, Plot No. 2, Community Center, along Road No. 44, Pitampura, New Delhi - 110034. The property currently generates rental income of ₹2.10 lakh per annum, contributing 0.010% of the company's total income.

Transaction Status and Compliance

The company is currently seeking prospective buyers for the property, with further disclosures to be provided upon execution of the sale agreement or sale deed. The transaction does not constitute sale of substantially the whole undertaking under Section 180(1)(a) of the Companies Act, 2013, and falls outside the Scheme of Arrangement but does not require compliance with Regulation 37A of LODR Regulations.

Leadership Changes

The board took note of the resignation of the Company Secretary and Compliance Officer, effective from the closing of working hours on February 28, 2026. This resignation represents a key change in the company's compliance and secretarial functions.

Regulatory Disclosure

The company has communicated these decisions to BSE Limited in accordance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Neeraj Paper Marketing Ltd., with its registered office at 218-222, Aggarwal Prestige Mall, Pitampura, Delhi, continues to maintain its commitment to regulatory compliance and transparent corporate governance through timely disclosure of material information to stakeholders.

Neeraj Paper Marketing Limited , a company listed on the BSE with scrip code 539409, has successfully challenged a tax addition made by the Deputy Commissioner of Income Tax (DCIT). The Commissioner of Income Tax (Appeals) ruled in favor of the company, stating that the matter was already covered by a Settlement Commission order dated September 26, 2017.

Key Points of the Tax Appeal

Significance of the Ruling

The appellate authority's decision underscores a crucial aspect of tax law: once the Income Tax Settlement Commission passes an order under Section 245D(4), it becomes conclusive and cannot be reopened by assessing officers under any provision of the Income Tax Act.

Company's Disclosure

In compliance with Regulation 30 of SEBI (Listing Obligation & Disclosure Requirement) Regulations, 2015, Neeraj Paper Marketing Limited has disclosed this development to the BSE. The company had previously filed an appeal against a disputed amount of Rs. 12,15,438 passed by DCIT in an assessment order under section 147 of the Income Tax Act, 1961 for the financial year 2012-13.

Outcome of the Appeal

The company discovered that their appeal was partly allowed by the Office of The Commissioner of Income Tax, Delhi. This information was promptly shared with the stock exchange to update the status of their tax litigations.

Implications for Investors

This ruling is significant for investors and stakeholders of Neeraj Paper Marketing Limited as it:

1. Resolves a substantial tax dispute in favor of the company
2. Demonstrates the company's proactive approach in addressing tax matters
3. Potentially improves the company's financial position by avoiding a significant tax liability

Investors should note that while this ruling is favorable for the company, it's essential to consider the overall financial health and performance of Neeraj Paper Marketing Limited when making investment decisions.