Satia Industries , a leading writing and printing paper manufacturer in India, has announced significant changes to its board of directors and released its financial results for the first quarter of fiscal year 2026.

Board Appointments and Re-appointments

The company's Board of Directors has approved the appointment of two new Non-Executive Independent Directors and the re-appointment of an existing director:

• Mr. Deepak Kumar Kakkar and Mr. Vibhor Kapoor have been appointed as Non-Executive Independent Directors for five-year terms from August 11, 2025, to August 10, 2030.
• Mr. Vinod Kumar Kathuria has been re-appointed as a Non-Executive Independent Director for a five-year term from October 1, 2025, to September 30, 2030.

These appointments are subject to shareholder approval.

Director Profiles

• Mr. Deepak Kumar Kakkar brings nearly 40 years of banking experience, including roles as Country Manager at Punjab National Bank in Afghanistan and Circle Head positions.
• Mr. Vinod Kumar Kathuria has four decades of banking experience and previously served as Executive Director at Union Bank of India.
• Mr. Vibhor Kapoor is a Chartered Accountant and CFA with 14 years of corporate banking experience across multiple banks. He currently runs a debt syndication company.

Q1 FY26 Financial Highlights

For the quarter ended June 30, 2025, Satia Industries reported:

All financial figures in INR million, except EPS in INR

Operational Updates

• The company rescheduled the maintenance shutdown of its PM3 paper machine to later in the current financial year due to delays in component supply.
• Satia Industries expanded its cutlery segment capacity by adding five new machines, bringing the total to 14, all operating at full capacity.
• A planned 9-day shutdown of PM4 for routine maintenance slightly impacted production volumes during the quarter.

Management Commentary

Executive Director Mr. Chirag Satia commented on the results, stating, "The Indian paper industry remains steady, driven by growing demand for sustainable packaging and support from government initiatives. While raw material availability and input cost fluctuations continue to pose challenges, the sector's outlook remains positive."

He added, "With the forthcoming festive season representing our inaugural major opportunity to capitalize on the cutlery business, we are actively building inventory to meet the anticipated demand. Supported by a robust order book and a strong balance sheet, we remain dedicated to maximizing long-term stakeholder value through sustained operational excellence and strategic growth initiatives."

Satia Industries continues to focus on operational efficiency and strategic growth as it navigates the current market conditions in the paper industry.

Satia Industries , a leading manufacturer of writing, printing, and specialty paper, has reported a decline in both revenue and net profit for the first quarter. The company's financial results, approved by the Board of Directors on August 11, reveal the challenges faced during the period.

Financial Performance

Satia Industries' net profit for Q1 stood at ₹316.00 crore, marking a significant decrease from ₹511.00 crore reported in the same quarter of the previous year. This represents a year-over-year decline of approximately 38.16% in net profit.

The company's revenue also experienced a downturn, decreasing to ₹371.00 crore from ₹399.00 crore in the corresponding period last year, reflecting a 7.02% reduction.

Segment-wise Performance

The company operates in three business segments: Paper, Co-Generation, and Agriculture. Here's a breakdown of their performance:

Operational Highlights

During the quarter, Satia Industries undertook a planned shutdown of PM-4 for 9 days, which resulted in a slight dip in production volume. This operational decision likely contributed to the decrease in revenue and profit figures.

Financial Position

As of June 30, Satia Industries reported total assets of ₹15,283.83 crore, with the Paper segment accounting for the largest portion at ₹12,576.92 crore. The company's total liabilities stood at ₹4,481.08 crore.

Management Commentary

Rajinder Kumar Bhandari, Joint Managing Director of Satia Industries, signed off on the financial results, indicating the board's approval of the figures presented.

Investor Information

Satia Industries has made its detailed financial results available to investors on its website ( www.satiagroup.com ) as well as on the websites of BSE ( www.bseindia.com ) and NSE ( www.nseindia.com ).

The company continues to operate as an independent entity without any subsidiaries, associates, or joint ventures as of June 30.

Despite the challenges faced in Q1, Satia Industries maintains its position in the paper industry, with its diverse business segments providing a foundation for potential future growth.