Emami Paper Mills Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Sushil Kumar Khetan as Whole-time Director and CEO. This move comes as the company maintains a stable financial position, as evidenced by its recent balance sheet data.

Key Points of the Appointment

• Appointee: Sushil Kumar Khetan
• Proposed Position: Whole-time Director and CEO
• Tenure: Three years starting December 6, 2025
• Monthly Salary: Rs. 8.20 lakh plus perquisites
• E-voting Period: December 10, 2025, to January 8, 2026

Khetan's Background

Sushil Kumar Khetan brings over three decades of experience in paper mill operations to the role. He has been serving as the CEO of Emami Paper Mills since September 2025, indicating the company's confidence in his leadership abilities.

Financial Context

To provide context for this appointment, let's examine Emami Paper Mills' recent financial position:

The company's financial data shows a mixed picture:

1. Asset Growth: Total assets have grown by 5.99% year-over-year, indicating overall expansion.
2. Liquidity Improvement: Current assets have increased significantly by 22.62%, suggesting better short-term liquidity.
3. Fixed Asset Optimization: A slight decrease in fixed assets (-2.47%) may indicate divestment or depreciation of some assets.
4. Equity Reduction: The 12.45% decrease in total equity could be a point of concern, potentially due to dividend payouts or losses.

Implications for Shareholders

1. Strategic Leadership: Khetan's extensive experience in the paper industry could be valuable for navigating market challenges and capitalizing on growth opportunities.
2. Governance Transparency: The postal ballot process demonstrates the company's commitment to shareholder engagement in key decisions.
3. Financial Stewardship: Given the mixed financial indicators, shareholders will likely be keen to see how the new leadership plans to improve equity positions while maintaining asset growth.

Conclusion

The appointment of Sushil Kumar Khetan as Whole-time Director and CEO comes at a crucial time for Emami Paper Mills. While the company shows signs of asset growth and improved liquidity, the decrease in equity suggests challenges that the new leadership will need to address. Shareholders are encouraged to participate in the e-voting process to have their say in this significant corporate decision.

As the paper industry continues to evolve, Khetan's experience could be instrumental in steering Emami Paper Mills towards sustainable growth and improved financial performance. Shareholders should consider the company's recent financial trends when casting their votes in this important ballot.

Emami Paper Mills Limited (EPML) has recently announced significant corporate actions and leadership changes, as approved by its Board of Directors. The company's decisions include a substantial preference share redemption and key executive transitions.

Preference Share Redemption

The Board has approved the redemption of unlisted preference shares, demonstrating a significant financial move:

This redemption aligns with the terms of issue for the OCRPS and represents a substantial payout to the company's promoter group.

Leadership Transitions

EPML is undergoing significant changes in its top management:

1. Resignation:

   • Vivek Chawla (DIN: 02696336) has resigned from his position as Whole-time Director, effective from the close of business hours on December 5, 2025.

2. New Appointment:

   • Sushil Kumar Khetan (DIN: 00358577), the current Chief Executive Officer, has been appointed as an Additional Director and Whole-time Director.
   • His appointment is subject to shareholder approval, which will be sought through a postal ballot.
   • Khetan's term is set for 3 years, commencing from December 6, 2025.

3. Committee Changes: Following these transitions, EPML has announced the reconstitution of several board committees, including the Stakeholders Relationship Committee, Risk Management Committee, Corporate Social Responsibility Committee, and Finance Committee.

Implications

These corporate actions signify important developments for Emami Paper Mills:

1. The preference share redemption indicates a substantial financial commitment to the promoter group, potentially impacting the company's capital structure.
2. The leadership changes, particularly the transition from Vivek Chawla to Sushil Kumar Khetan, may bring new strategic directions and management approaches to the company.
3. The reconstitution of various committees suggests a comprehensive review of the company's governance structure, which could influence future decision-making processes.

Investors and stakeholders will likely be keen to observe how these changes affect EPML's operational strategies and financial performance in the coming quarters.