Kuantum Papers Limited has issued a postal ballot notice seeking shareholder approval for key board appointments through remote e-voting process. The company announced two special resolutions requiring member consent for director appointments and re-designations.

Special Resolutions for Shareholder Approval

The postal ballot notice dated 07th February, 2026 outlines two critical resolutions for shareholder consideration:

E-Voting Timeline and Process

The company has established a comprehensive e-voting framework in compliance with regulatory requirements. Shareholders eligible as of the cut-off date will participate exclusively through remote e-voting.

Munishwar Kumar's Re-designation Details

Shri Munishwar Kumar, currently serving as Non-Executive Director, seeks re-designation as Independent Director. His appointment as Non-Executive Director was approved by shareholders through special resolution on 18th December, 2024.

Kumar, aged 57 years, holds a Master's in Business Administration from Thomas, Maine, USA. With 35 years of entrepreneurial experience in global bio-degradable packaging, he has successfully built and managed India's largest moulded fibre packaging company. His expertise spans strategic planning, business development, executing greenfield and brownfield projects, financial management, and mergers and acquisitions.

The proposed re-designation covers a five-year term from 07th February, 2026 to 06th February, 2031, positioning him as Independent Director not liable to retire by rotation.

Jagdeep Hira's Appointment Proposal

Shri Jagdeep Hira, currently serving as CEO-Operations, seeks appointment as Director and Whole Time Director. Aged 53 years, Hira brings 31 years of experience in specialty paper manufacturing and paper mill management.

Professional Background and Expertise

Hira holds a Bachelor of Engineering degree from BITS Pilani and has extensive experience with domestic and multinational companies. His previous roles include Managing Director at Pakka Limited, Vice President at Century Pulp & Paper, and Head of Department at Ballarpur Industries Limited.

Remuneration Structure

The proposed appointment includes comprehensive remuneration terms:

The remuneration package encompasses basic salary, house rent allowance, reimbursements, other allowances, benefits and perquisites as per company rules. Additional benefits include encashment of leaves, gratuity payments, group accident policy, and medical insurance for self and dependents.

Company Financial Performance Context

The explanatory statement provides financial context supporting the appointments:

Regulatory Compliance and Governance

Both appointments align with Companies Act, 2013 provisions and SEBI Listing Regulations. The company has received necessary declarations, consent forms, and notices from proposed appointees confirming their eligibility and independence criteria compliance.

The Nomination and Remuneration Committee recommended both appointments on 07th February, 2026, with Board of Directors' subsequent approval subject to shareholder consent.

Result Declaration Process

Post e-voting conclusion, the scrutinizer will submit reports within two working days. Results will be published on company website, NSDL e-voting platform, and stock exchange websites. The resolutions, if approved by requisite majority, will be deemed passed on 19th March, 2026.

Kuantum Papers Limited announced its Q3FY26 unaudited financial results for the quarter ended December 31, 2025, following a board meeting held on February 7, 2026. The company reported a net profit of ₹9.78 crore, representing a sharp decline of 53.38% compared to ₹20.98 crore in the corresponding quarter of the previous year, despite achieving revenue growth.

Q3FY26 Financial Performance

The company's financial performance for Q3FY26 showed mixed results across key metrics:

For the nine months ended December 31, 2025, the company reported total income of ₹797.45 crore compared to ₹834.37 crore in the previous year, while net profit stood at ₹27.62 crore against ₹89.06 crore in the corresponding period.

Cost Structure and Margin Pressures

The company faced significant cost pressures during the quarter, impacting profitability:

The substantial increase in material costs by 17.8% was the primary factor contributing to margin compression, with EBITDA margins declining to 13.55% from 18.66% in the previous year quarter.

Board Meeting Outcomes and Director Changes

The board meeting held on February 7, 2026, transacted several key business items beyond financial results approval:

The board approved a postal ballot notice for obtaining shareholder consent for the director appointments. Both newly appointed directors have been confirmed as not being debarred from holding director positions by any regulatory authority.

Tax and Profitability Analysis

The company's tax structure showed notable changes during the quarter:

The company reported no current tax liability for Q3FY26, with only deferred tax expenses of ₹3.56 crore compared to total tax expenses of ₹7.18 crore in the corresponding previous quarter.

Earnings Conference Call Recording Available

Following the announcement of Q3FY26 results, Kuantum Papers Limited conducted an earnings conference call on February 9, 2026, to discuss the unaudited financial results and performance for the quarter and nine months ended December 31, 2025. The company has made the audio recording of this investor and analyst call available on its website at www.kuantumpapers.com .

The audio recording provides detailed insights into the company's performance and management commentary on the quarterly results, accessible through the direct link provided on the company's official website.

Regulatory Compliance and Governance

The unaudited financial results were approved by the Board of Directors and subjected to limited review by statutory auditors O P Bagla & Co LLP. The board meeting commenced at 12:15 PM and concluded at 3:50 PM on February 7, 2026. The company maintains compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, with detailed financial results available on the company website and stock exchange portals.

The company noted the implementation of New Labour Codes effective from November 21, 2025, with the incremental impact assessed as not material for the current quarter. Additionally, the board decided to present financial statements rounded off to the nearest crore rupees from FY 2025-26 onwards.