Emami Paper Mills Limited has announced key leadership appointments following its board meeting held on March 3, 2026. The company appointed Shri Sumit Jaiswal as Company Secretary & Compliance Officer, marking a significant addition to its management team.

Board Meeting Outcomes

The board meeting, which commenced at 12:15 p.m. and concluded at 12:30 p.m. on March 3, 2026, resulted in several important decisions. Based on the recommendation of the Nomination and Remuneration Committee, the board appointed Shri Sumit Jaiswal (ICSI Membership No. F9485) as the Company Secretary & Compliance Officer, effective March 3, 2026.

Key Appointment Details

Professional Background

Shri Sumit Jaiswal brings over 15 years of diversified experience across listed and unlisted corporates in multiple sectors including textiles and apparel, rail systems, cement and allied industrial sectors. His expertise encompasses corporate governance, SEBI compliance, Companies Act matters, secretarial management, and conducting Board, Committee and Shareholder meetings.

Jaiswal holds professional qualifications as a Fellow Member of the Institute of Company Secretaries of India (ICSI) and an Associate Member of the Institute of Cost Accountants of India (ICMAI). He has completed certificate courses on FEMA from ICSI and on ESG from ICMAI. Additionally, he has contributed to the profession as a speaker at professional forums and authored articles in professional journals.

Additional Responsibilities

The board also appointed Jaiswal as the Nodal Officer of the company in compliance with Rule 7(2A) of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, effective March 3, 2026.

Regulatory Authorizations

The board authorized Key Managerial Personnel for determining materiality of events and making disclosures to Stock Exchanges under Regulation 30(5) of the SEBI Listing Regulations. The authorized KMPs include:

All appointments and authorizations comply with applicable SEBI regulations and the Companies Act, 2013, strengthening the company's governance framework and regulatory compliance capabilities.

Emami Paper Mills has witnessed a significant inter se transfer of equity shares among its promoter group members, with Diwakar Finvest Private Limited filing the mandatory disclosure under SEBI regulations on February 27, 2026. The transaction involves the transfer of 10,93,751 equity shares, representing 1.8079% of the company's total share capital.

Regulatory Framework and Exemption

The inter se transfer was executed under the exemption provided by regulation 10(1)(a)(i) & 10(1)(a)(ii) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was initially filed on February 17, 2026, as required under regulation 10(5), with the actual transaction completed on February 26, 2026.

Key Acquirers and Holdings Enhancement

The transfer involved multiple acquirers within the promoter group ecosystem. Diwakar Finvest Private Limited emerged as the primary acquirer, increasing its holding from 1,63,54,971 shares (27.03%) to 1,63,65,678 shares (27.05%) by acquiring 10,707 shares through open market transactions at an average price of Rs. 87.76 per share.

Significant family members also participated in the transfer, with Jayant Goenka and Sachin Goenka each acquiring 2,10,220 shares (0.35% each) through gift transactions. Manish Goenka and Mohan Goenka substantially increased their holdings, with each acquiring 3,33,440 and 3,18,440 shares respectively, bringing their individual stakes to 4,20,440 shares (0.69% each).

Major Transferors and Share Redistribution

The shares were primarily transferred from existing promoter group members, with Suraj Finvest Private Limited being the largest transferor, reducing its holding by 10,707 shares from 1,45,26,450 to 1,45,15,743 shares (23.99%). Sushil Kumar Goenka significantly reduced his stake by transferring 5,18,210 shares, bringing his holding down from 7,26,750 to 2,08,540 shares (0.34%).

Radhe Shyam Goenka transferred 4,57,370 shares, reducing his holding from 11,61,250 to 7,03,880 shares (1.16%). Other transferors included Santosh Goenka, who transferred 97,920 shares, and Aditya Vardhan Agarwal and Harsha Vardhan Agarwal, who transferred 5,647 and 3,897 shares respectively.

Promoter Group Structure Remains Intact

Despite the extensive inter se transfer, the overall promoter group holding in Emami Paper Mills remains unchanged at 4,53,58,286 shares, representing 74.97% of the total share capital. The company's shares are listed on both National Stock Exchange of India Limited and BSE Limited.

The disclosure indicates that except for Mansi Agarwal, Sachin Goenka, and Jayant Goenka, all other acquirers belong to the promoter/promoter group. These three individuals are classified as immediate relatives of the promoter and promoter group members. The transaction reflects internal restructuring within the promoter group without affecting the overall control structure of the company, with the filing signed by Santinath Paul as the authorized signatory for Diwakar Finvest Private Limited.