Pudumjee Paper Products Limited , a leading manufacturer in the paper and hygiene products sector, has successfully completed the shareholder approval process for its new Independent Director appointment through postal ballot proceedings.

Shareholder Approval Through Postal Ballot

The company's shareholders have overwhelmingly approved the appointment of Mrs. Shailaja Nair as Non-Executive Independent Director through postal ballot conducted on December 17, 2025. The voting results demonstrate strong shareholder confidence:

The postal ballot was conducted exclusively through remote e-voting, with Ms. Savita Jyoti serving as the Scrutinizer for the process. The Board of Directors had initially approved this postal ballot proposal at their meeting held on November 10, 2025.

Director Appointment Details

Mrs. Shailaja Nair's appointment as Additional Director in the capacity of Non-Executive Independent Director became effective from November 14, 2025, for a term of 5 years until November 13, 2030. She will not be liable to retire by rotation.

Mrs. Nair brings over three decades of experience in financial services, ESG strategy, and regulatory compliance to the board. Her expertise spans corporate governance, risk frameworks, Global Capability Center (GCC) setup, and IPO management. Previously, as Executive Committee Member and Senior Vice President at AXA Global Business Services, she led finance, operations, procurement, and ESG initiatives across 26 global entities.

Q2 FY26 Financial Performance

Pudumjee Paper Products has released its unaudited financial results for the quarter ended September 30, 2025:

The company's revenue from operations for Q2 FY26 showed a 5.44% increase from the previous quarter but a 6.89% decrease compared to the same quarter last year.

Business Segment Performance

The company operates across two key segments:

Operational Developments

Pudumjee Paper Products continues to advance its operational capabilities with several key projects in progress. The company's 15.4 MW Solar Power Project in Maharashtra is ready for commissioning, pending requisite approvals from MSETCL/MSEDCL. Additionally, a new boiler is awaiting statutory approval for commissioning.

The company focuses on manufacturing various biodegradable and compostable specialty papers with barrier properties, used in sustainable packaging solutions for food products, pharmaceuticals, hospital supplies, and hygiene sectors. The company is also applying for Environmental Clearance for construction at Mahad due to regulatory requirement changes, while discussions with overseas suppliers of paper-making machines remain at advanced stages.

Pudumjee Paper Products Limited , a key player in the Indian paper industry, has reported a decline in its financial performance for the second quarter of the fiscal year. The company also announced the appointment of a new independent director during its recent board meeting.

Financial Performance

Pudumjee Paper's Q2 financial results reveal a downturn in key metrics:

The company's revenue from operations decreased to 2,071.40 crore, down from 2,224.70 crore in the same quarter of the previous year. This represents a 6.9% year-over-year decline.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) saw a significant drop of 38%, falling to 273.00 crore from 440.00 crore in the corresponding quarter last year. Consequently, the EBITDA margin contracted to 13.2% from 19.8%, a decrease of 6.6 percentage points.

Net profit for the quarter also experienced a substantial decline, decreasing by 43.3% to 169.00 crore, compared to 298.00 crore in the same period of the previous year.

Segment Performance

Pudumjee Paper operates in two business segments: Paper and Hygiene Products. The paper segment continues to be the primary revenue generator, contributing 19,917.00 lakh in Q2, while the hygiene products segment added 1,691.00 lakh to the company's top line.

Board Meeting Outcomes

In addition to reviewing the financial results, the board meeting resulted in several key decisions:

1. Financial Results Approval: The board took on record the Statement of Standalone Unaudited Financial Results for Q2 and the half-year ended September 30.

2. New Director Appointment: Based on the recommendation of the Nomination and Remuneration Committee, the board appointed Mrs. Shailaja Nair as an Additional Director in the capacity of Non-Executive Independent Director for a five-year term, effective November 14. This appointment is subject to shareholder approval via postal ballot.

Mrs. Nair brings over 30 years of experience in financial services, ESG strategy, and regulatory compliance. Her expertise spans corporate governance, risk frameworks, Global Capability Center setup, and IPO management. She has previously served as an Executive Committee Member and Senior Vice President at AXA Global Business Services.

Looking Ahead

While Pudumjee Paper faces challenges reflected in its Q2 performance, the appointment of Mrs. Shailaja Nair may bring fresh perspectives to the company's governance and strategic direction. Investors and market watchers will likely keep a close eye on how the company navigates the current economic environment and whether it can improve its financial metrics in the coming quarters.