Shree Krishna Paper Mills Reports Q2 FY26 Results Amid Leadership Changes

Shree Krishna Paper Mills & Industries Ltd has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025, alongside significant changes in its leadership structure.

Financial Performance

The company reported a mixed financial performance for Q2 FY26:

Particulars	Q2 FY26	Q2 FY25	H1 FY26
Revenue from Operations	6,224.35	3,959.47	11,752.68
Net Profit	1.22	30.00	164.68

All figures in lakhs of rupees

The company's revenue from operations saw a substantial increase of 57.2% year-over-year in Q2 FY26. However, net profit for the quarter decreased significantly to Rs 1.22 lakhs from Rs 30.00 lakhs in the same period last year.

For the half-year ended September 30, 2025, Shree Krishna Paper Mills reported a total revenue of Rs 11,752.68 lakhs with a net profit of Rs 164.68 lakhs.

Leadership Changes

The company underwent several key leadership changes during the quarter:

Mr. Narendrakumar Pasari stepped down as Managing Director on August 21, 2025, and was appointed as Whole-time Director designated as "Executive Chairman" effective August 22, 2025.
Mr. Naynesh Pasari was re-designated as Managing Director, replacing his previous role as Whole-time Director, also effective from August 22, 2025.
Mrs. Yukti Gulati Chanana resigned from her position as Independent Director on August 5, 2025.
Mrs. Devika Ohri was appointed as an Independent Director, effective November 1, 2025.

Board Meeting and Audit Review

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on November 13, 2025. The meeting commenced at 2:00 PM and concluded at 4:00 PM at the company's registered office in New Delhi.

The Statutory Auditors, M/s Ashwani Garg & Associates, Chartered Accountants, have carried out a Limited Review of these financial results as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and issued an unmodified opinion.

Business Segment

Shree Krishna Paper Mills & Industries Ltd continues to operate in a single business segment, focusing on the manufacturing and sale of paper and related activities.

The company's management has stated that these results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013, as amended.

Investors and stakeholders can access more detailed information about these results on the company's website ( www.skpmil.com ) and the BSE website ( www.bseindia.com ).

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.00%	+15.18%	+72.06%	+178.90%	+234.48%	+794.92%

Shree Krishna Paper Mills Industries Ltd. has dispatched its postal ballot notice to shareholders, seeking approval for multiple corporate actions through remote e-voting. The company announced the completion of electronic dispatch on December 16, 2025, to eligible shareholders.

Postal Ballot Resolutions

The postal ballot seeks shareholder approval for five key resolutions:

Resolution Type	Details
Special Resolution 1	Appointment of Mrs. Devika Ohri (DIN: 10399161) as Independent Director
Special Resolution 2	Increase in borrowing limits under Section 180(1)(c) to ₹500 crores
Special Resolution 3	Approval for asset disposal under Section 180(1)(a)
Ordinary Resolution 1	Related party transactions with Busimatix Global LLP
Ordinary Resolution 2	Related party transactions with Gopala Sales Private Limited

Mrs. Devika Ohri's Appointment Details

Parameter	Details
Position	Non-Executive Independent Director
Term	5 years (November 01, 2025 to October 31, 2030)
Age	38 years
Qualification	Bachelor's Degree in Economics from Delhi University
Experience	15 years in communication leadership and coaching
Expertise	Talent management, leadership coaching, organizational transformation

Mrs. Ohri leads an advisory practice specializing in leadership coaching, succession and culture across Paper and Chemical Industry. She brings expertise in talent management, leadership coaching and development, organizational transformation, and culture building.

Corporate Restructuring Proposals

The company seeks approval to increase borrowing limits to ₹500 crores over and above the aggregate of paid-up share capital, free reserves and securities premium. This represents an increase from the earlier limit of ₹75 crores approved in 2014.

Additionally, the board seeks authorization for asset disposal, mortgage, or charge creation on company properties up to ₹500 crores over and above the aggregate of paid-up share capital and free reserves.

Related Party Transaction Approvals

Entity	Transaction Value	Nature
Busimatix Global LLP	Up to ₹20 crores per annum	Sale/purchase of paper and allied products
Gopala Sales Private Limited	Up to ₹100 crores per annum	Sale/purchase of paper and allied products

Both transactions are proposed for a period of ten years and involve sale/purchase of paper and other allied products and/or receipt/payment of commission.

E-Voting Timeline and Process

Event	Date/Time
Notice Dispatch	December 16, 2025
Cut-off Date	December 12, 2025
E-voting Start	December 17, 2025 at 9:00 AM IST
E-voting End	January 15, 2026 at 5:00 PM IST
Results Declaration	On or before January 17, 2026

The company has engaged MUFG Intime India Private Limited (formerly Link Intime India Private Limited) as the Registrar and Share Transfer Agent to provide remote e-voting facility. Shareholders whose names appear in the Register of Members as on the cut-off date are eligible to vote.

The postal ballot notice, dated December 08, 2025, has been made available on the company's website at www.skpmil.com and will also be accessible on BSE's website and the RTA's e-voting platform.