Shree Ajit Pulp & Paper Limited has submitted its unaudited financial results for the third quarter of fiscal year 2026 to the Bombay Stock Exchange Limited, fulfilling regulatory requirements under SEBI listing obligations. The company's Board of Directors approved these results during their meeting held on February 9, 2026.

Regulatory Submission Details

The company submitted comprehensive financial documentation to BSE's Corporate Compliance Department under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission includes both consolidated and standalone financial results covering the quarter and nine months ended December 31, 2025.

Board Meeting Proceedings

The board meeting was conducted efficiently, commencing at 12:30 PM and concluding at 1:10 PM on February 9, 2026. During this meeting, the directors approved the unaudited financial results for both standalone and consolidated operations, ensuring compliance with all regulatory requirements.

Corporate Compliance

The submission was formally signed and submitted by Chinmay Mayank Methiwala, Company Secretary and Compliance Officer (ACS 48146), who digitally signed the documents on February 9, 2026. The company has enclosed all required documentation including the statutory auditors' review report as mandated under the listing regulations.

Company Information

Shree Ajit Pulp and Paper Limited operates from its registered office and works located at Survey No. 239, Village Salvav, Via-Vapi, District Valsad, Gujarat. The company maintains its corporate identification number as L21010GJ1995PLC025135 and continues to fulfill all regulatory obligations in a timely manner.

Shree Ajit Pulp & Paper Limited announced that its board of directors approved substantial borrowing facilities during a meeting held on December 18, 2025. The company has secured credit facilities totaling ₹390.00 crores from multiple banks, financial institutions, and non-banking financial companies to support its operational requirements and business expansion.

Credit Facility Details

The board approved two primary borrowing facilities:

The term loan facility will be utilized for the takeover of existing term loans, while the working capital facility will support the company's day-to-day operational needs.

Security and Authorization Framework

The approved facilities will be secured through comprehensive security arrangements with the lenders. The company will provide charges over its movable and immovable assets, along with additional securities, guarantees, and contractual comforts as specified in the respective sanction letters and related financing documents.

Key authorization aspects include:

• Gautam Shah, Chairman and Managing Director, has been designated as the Authorized Officer
• Authority to execute and deliver all facility documents and related agreements
• Power to negotiate terms and conditions with lenders
• Authorization to appoint security trustees and provide necessary guarantees
• Ability to make required filings with regulatory authorities

Regulatory Compliance and Documentation

The board meeting, which commenced at 4:00 PM and concluded at 4:23 PM, was conducted in accordance with Section 179 of the Companies Act, 2013, and other applicable regulations. The company confirmed that these borrowing facilities fall within its approved borrowing powers as per the memorandum and articles of association.

The company stated that detailed disclosures pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will be provided in due course as the loan agreements are yet to be executed. The facilities will require execution of various documents including sanction letters, facility agreements, security trustee agreements, deeds of hypothecation, and mortgage documents.

Strategic Financial Management

This borrowing arrangement represents a strategic move by Shree Ajit Pulp and Paper Limited to optimize its debt structure and ensure adequate working capital for business operations. The takeover component of the term loan suggests refinancing of existing debt, while the working capital facility will provide operational flexibility.

The company has authorized its management to complete all necessary documentation and compliance requirements to implement these facilities effectively. The board has also provided comprehensive powers to the authorized officers to handle negotiations, documentation, and regulatory filings related to these borrowing facilities.