Pudumjee Paper Reports Q2 Revenue Dip, Appoints New Independent Director

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:

Metric	Q2 (Current Year)	Q2 (Previous Year)	Change
Revenue	2,071.40 crore	2,224.70 crore	-6.9%
EBITDA	273.00 crore	440.00 crore	-38%
EBITDA Margin	13.2%	19.8%	-6.6 percentage points
Net Profit	169.00 crore	298.00 crore	-43.3%

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:

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

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-6.06%	-7.95%	-10.97%	+7.44%	-23.62%	+535.50%

Pudumjee Paper Products Limited , a prominent player in the paper industry, has announced significant changes to its board composition. The company has disclosed the upcoming retirement of two Non-Executive Independent Directors, marking the end of their tenure and second term on the board.

Board Changes

Director Name	Position	Effective Date of Retirement
Mr. Vinod Kumar Beswal	Non-Executive Independent Director	October 20, 2025
Mr. Nandan Damani	Non-Executive Independent Director	October 20, 2025

Both Mr. Beswal and Mr. Damani were re-appointed for their second term at the Annual General Meeting held on August 21, 2021. Their term, which began on September 17, 2021, is set to conclude on October 20, 2025.

Implications

Upon the completion of their tenure, both directors will:

Retire from their positions as Non-Executive Independent Directors
Cease to be members of any board committees they currently serve on
Step down from any chairmanships they hold in board committees

This change in board composition comes as part of the natural cycle of corporate governance, ensuring fresh perspectives and maintaining the independence of the board.

Regulatory Compliance

Pudumjee Paper Products Limited has made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed both the National Stock Exchange of India Ltd. and BSE Ltd. of these impending changes.

As the paper industry continues to evolve, such board-level changes can play a crucial role in shaping the strategic direction of companies like Pudumjee Paper Products Limited.