Flair Writing Industries Limited announced the appointment of Price Waterhouse Chartered Accountants LLP as its new statutory auditors following a board meeting held on March 11, 2026. The decision comes as the tenure of the existing statutory auditor concludes, marking a significant corporate governance development for the writing instruments manufacturer.

Board Meeting Outcome and Regulatory Compliance

The Board of Directors, acting on the recommendation of the Audit Committee, approved the appointment of M/s Price Waterhouse Chartered Accountants LLP (Firm Registration No. 012754N/N500016) as the company's statutory auditors. The board meeting commenced at 4:20 pm and concluded at 4:35 pm on March 11, 2026. The appointment was communicated to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transition from Existing Auditors

The appointment follows the completion of tenure by the existing statutory auditor, M/s Jeswani & Rathore (Chartered Accountants). This transition represents a planned succession in the company's audit arrangements, ensuring continuity in financial oversight and compliance requirements. The new appointment requires shareholder approval at the upcoming 10th Annual General Meeting.

About Price Waterhouse Chartered Accountants LLP

Price Waterhouse Chartered Accountants LLP brings substantial experience and infrastructure to the engagement. The firm was established in 1991 and converted into a limited liability partnership in 2014. With its registered office located at Sucheta Bhawan, 11A Vishnu Digambar Marg, New Delhi - 110 002, the firm operates an extensive network of 17 branch offices across various cities in India.

Professional Credentials and Network

The firm is registered with the Institute of Chartered Accountants of India and maintains membership in Price Waterhouse & Affiliates, a network of separate, distinct and independent Indian Chartered Accountant firms. This network registration (NRN/E/14) provides additional professional resources and expertise. Price Waterhouse holds a valid peer review certificate and has experience auditing various companies listed on Indian stock exchanges.

Stock Exchange Communication

Flair Writing Industries communicated the board meeting outcome to both BSE Limited (Scrip Code: 544030) and National Stock Exchange of India Limited (Symbol: FLAIR). The company provided comprehensive details as required under Regulation 30 of the Listing Regulations and applicable SEBI circulars, ensuring full regulatory compliance in the auditor appointment process.

Flair Writing Industries Limited has announced the commencement of wooden pencil manufacturing operations at its step-down subsidiary Flomaxe Stationery Private Limited in Surat. This development marks a significant expansion in the company's creative product portfolio and represents a strategic move to strengthen its position in the stationery market.

Manufacturing Operations Launch

The company has successfully initiated wooden pencil production at its Flomaxe Stationery facility located in Surat. The new production line will have an estimated annual capacity of 84 million pieces, positioning the company to deliver high-quality wooden pencils at different price points while bolstering its presence in the stationery segment.

Comprehensive Product Range Strategy

Within this facility, the company will also focus on manufacturing complementary products such as a range of erasers and sharpeners. These products, combined with existing SKUs in polymer pencils and mechanical pencils, will create a comprehensive basket of products to address the pencil and allied stationery segment. This expansion enhances the company's backward integration with the fast-growing creatives segment as part of its long-stated strategy.

Management Commentary

Commenting on the development, Mr. Vimalchand Rathod, the Managing Director, said the company is excited to commence wooden pencil manufacturing at Flomaxe Stationery Private Limited in Surat, marking an important step in strengthening their creative segment portfolio. He noted that this expansion will serve one of the biggest product categories in the overall stationery segment and will be a key pillar in their plan to rapidly scale the creative segment, which grew by 72.00% year on year in 9M FY26.

Strategic Market Positioning

The launch of wooden pencil manufacturing represents a strategic initiative to penetrate further into the largest segment of the stationery industry. This expansion aligns with Flair Writing Industries' objective to strengthen its stationery business operations and diversify its product portfolio. The company's enhanced manufacturing strength, combined with its commitment to breakthrough product innovation, positions it to advance confidently and expand its presence across the evolving stationery landscape.