Pudumjee Paper Products Limited has issued a notice for postal ballot seeking shareholder approval for director remuneration and re-appointment matters. The company has scheduled electronic voting to address two special resolutions related to key management positions.

Postal Ballot Details and Timeline

The company has appointed KFin Technologies Limited as the Registrar and Share Transfer Agent to facilitate remote e-voting. Ms. Savita Jyoti, a Practicing Company Secretary, has been designated as the Scrutinizer for conducting the postal ballot process.

Executive Chairman Remuneration Approval

The first special resolution seeks approval for remuneration of Mr. Arunkumar Mahabirprasad Jatia, the Whole Time Director designated as Executive Chairman. The proposed remuneration package covers the period from August 1, 2026 to July 31, 2028.

Mr. Jatia, aged 63 years, holds qualifications in Finance and Business Economics from University of Southern California and is an Alumni of Harvard Business School. He possesses over 43 years of experience in Business Administration, Finance and Foreign Trade. The remuneration package includes additional benefits such as medical expenses, leave travel assistance, club membership fees, personal accident insurance, and exclusive use of company vehicles.

Executive Director Re-appointment

The second special resolution proposes the re-appointment of Dr. Ashok Kumar as Executive Director for a five-year term from May 27, 2026 to May 26, 2031. Dr. Ashok Kumar will attain 70 years of age on February 2, 2026, requiring special resolution approval under Section 196(3) of the Companies Act, 2013.

Dr. Ashok Kumar, aged 69 years, holds M.E. (Chemical) and Ph.D. (Pulp Processing) qualifications with over four decades of experience in the paper industry. He was first appointed to the Board on May 28, 2016 and has attended all Board meetings during the financial year 2024-2025 and the nine-month period from April 1, 2025 to December 31, 2025.

Company Financial Performance

The company reported strong financial performance for the year ending March 31, 2025:

Voting Process and Compliance

In compliance with MCA Circulars and SEBI regulations, the postal ballot notice is being sent only through electronic mode to members whose email addresses are registered with the company or depositories. Hard copies of postal ballot forms will not be dispatched, and members must communicate their votes through the remote e-voting system only.

Members holding shares in dematerialized form can access e-voting through their respective depository websites (NSDL/CDSL), while those holding physical shares will receive login credentials from KFin Technologies Limited. The company has provided detailed instructions for both categories of shareholders to ensure smooth participation in the voting process.

Source: Exclusive content

Pudumjee Paper Products Ltd announced its Q3FY26 quarterly results for the quarter ended December 31, 2025, under Regulation 33 of SEBI Listing Regulations. The company reported revenue from operations of ₹2,038 crores compared to ₹1,937 crores in Q3FY25, alongside a net profit of ₹207 crores versus ₹196 crores in the corresponding quarter of the previous year.

Q3FY26 Financial Performance

The company delivered strong financial performance in the third quarter, with revenue from operations reaching ₹2,038 crores. EBITDA improved to ₹327 crores from ₹310 crores year-over-year, while EBITDA margin expanded to 16.05% from 15.99%. The company's total income, including other income of ₹45 crores, stood at ₹2,083 crores for the quarter.

Nine Months Performance FY26

For the nine months ended December 31, 2025, the company reported total income of ₹630 crores compared to ₹635 crores in the corresponding period of the previous year. The EBITDA stood at 18% at ₹112 crores as against ₹116 crores in the corresponding period last year.

Solar Power Plant Commissioning

The company successfully commissioned a 15.4 MWac Solar Power Plant on November 26, 2025, located in Solapur District in Maharashtra. The renewable power generated from this facility is utilized for the company's captive consumption at its Pune plant.

Operational Updates

The new Boiler commissioning is awaiting statutory approval, which is likely to be received soon. The company is in the process of making an application for Environment clearance for the construction of the project at Mahad, due to changes in regulatory requirements.

Business Focus

The company continues to focus on manufacturing various Biodegradable and Compostable Specialty Papers having barrier properties to protect contents of the package. These papers are used as input for sustainable packaging solution for various food products, pharmaceutical and related products, hospital supplies, hygiene sectors, confectionary etc., which are witnessing good growth in demand.

Executive Leadership Re-appointment

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, re-appointed Dr. Ashok Kumar as Executive Director for a period of 5 years with effect from May 27, 2026, up to May 26, 2031, subject to shareholder approval by way of Postal Ballot.