Seshasayee Paper & Boards , a leading player in the Indian paper industry, has announced its financial results for the first quarter of the fiscal year 2026, ending June 30, 2025. The company's performance reflects the ongoing challenges in the paper sector, with a notable decrease in revenue and profit compared to the previous quarter.

Financial Highlights

• Total Income: The company recorded a total income from operations of ₹399.69 crores on a standalone basis, showing a decrease of 23.21% compared to the previous quarter (₹520.45 crores).
• Net Profit: Standalone net profit after tax stood at ₹17.06 crores, down 33.20% from ₹25.63 crores in the preceding quarter.
• Earnings Per Share (EPS): The company reported an EPS of ₹2.83 on both basic and diluted basis.
• Operating Profit: Operating profit for the quarter was ₹21.30 crores, representing a 15.48% decrease from the previous quarter's ₹25.20 crores.

Segment Performance

Paper remains the only reportable business segment for Seshasayee Paper & Boards. The company's focus on this core segment underscores its specialized approach in the paper industry.

Quarterly Performance Analysis

The table above highlights the quarter-on-quarter performance, showcasing the challenges faced by the company in the current market conditions.

Management Commentary

The results were approved by the Board of Directors on July 19, 2025. While specific management comments were not provided, the financial data suggests that the company is navigating through a period of reduced demand and potentially increased operational costs.

Market Outlook

The paper industry continues to face headwinds, as reflected in Seshasayee Paper & Boards' quarterly results. The significant quarter-on-quarter decline in revenue and profitability indicates persistent challenges in the market, possibly due to factors such as fluctuating raw material costs, changes in consumer behavior, or broader economic conditions affecting the paper sector.

Conclusion

Seshasayee Paper & Boards' Q1 FY2026 results demonstrate the company's resilience in a challenging market environment. While the financial metrics show a decline compared to the previous quarter, the company maintains its focus on its core paper business. Stakeholders will be keenly watching how the company adapts its strategies to navigate the current market dynamics and improve its performance in the coming quarters.

Seshasayee Paper & Boards Limited (SPB) has reported significant changes in its promoter group classification following the unfortunate passing of its Managing Director, K S Kasi Viswanathan, on March 8, 2025. The company, known for its paper and board products, has made these announcements in compliance with SEBI regulations.

Transmission of Shares and Reclassification

According to the company's official communication:

• K S Kasi Viswanathan, who held the position of Managing Director (DIN: 00003584), passed away at the age of 73.
• Following his demise, 2,910 shares previously held by K S Kasi Viswanathan were transmitted to his legal heir, Mrs. Rajam Kasi Viswanathan.
• Mrs. Rajam Kasi Viswanathan, who already held 500 shares classified under 'Relative of promoters', now owns a total of 3,410 shares.
• As a result of this transmission, Mrs. Rajam Kasi Viswanathan has been reclassified as part of the promoter group.

Regulatory Compliance

The changes in the promoter group classification are in accordance with the following regulations:

• Regulations 30 and 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• Sub-clause (c) of sub-regulation (6) of regulation 31A of the SEBI (LODR) Regulations, 2015.

Automatic Exclusion and Inclusion

The company noted that:

• K S Kasi Viswanathan's name was automatically excluded from the list of persons belonging to the promoter group upon his demise.
• Mrs. Rajam Kasi Viswanathan's reclassification as part of the promoter group is in line with the regulatory guidelines following the transmission of shares.

This reclassification reflects Seshasayee Paper & Boards Limited's adherence to regulatory requirements and ensures transparency in its shareholding structure. The company continues to maintain its commitment to corporate governance and timely disclosure of material changes to its stakeholders.