Seshasayee Paper & Boards , a prominent player in the paper industry, has successfully appointed two new nominee directors following overwhelming shareholder approval through a postal ballot. The voting process, which concluded on July 25, 2025, saw the appointment of Sri Kumar Jayant, IAS, and Sri Ashish Kumar Srivastava, IFS, to the company's board.

Voting Results

The postal ballot, conducted through remote e-voting, demonstrated strong shareholder support for both appointments:

• Sri Kumar Jayant, IAS: Appointed as a nominee director not liable to retire by rotation, with 99.95% of votes cast in favor.
• Sri Ashish Kumar Srivastava, IFS: Appointed as a nominee director liable to retire by rotation, also receiving 99.95% of votes in favor.

The e-voting process, facilitated by the National Securities Depository Limited (NSDL), ran from June 25 to July 24, 2025, ensuring wide participation among the company's 22,850 shareholders as of the June 20, 2025 cut-off date.

New Directors' Profiles

Sri Kumar Jayant, IAS

• Currently serves as Chairman and Managing Director of The Tamilnadu Industrial Investment Corporation Limited
• Brings extensive experience in public administration and industrial development

Sri Ashish Kumar Srivastava, IFS

• Holds the position of Special Secretary (Forests) in the Environment, Climate Change and Forests Department, Government of Tamilnadu
• Brings valuable expertise in environmental and forestry matters

Implications for Seshasayee Paper and Boards

The appointment of these high-profile nominee directors is expected to bring fresh perspectives and strategic insights to Seshasayee Paper and Boards Limited. Sri Kumar Jayant's experience in industrial investment could potentially guide the company's growth strategies, while Sri Ashish Kumar Srivastava's background in forestry and environmental affairs aligns well with the sustainable practices crucial to the paper industry.

S Srinivas, Director (Finance) & Secretary of Seshasayee Paper and Boards Limited, confirmed the appointments and the voting results in a communication to the National Stock Exchange of India Limited and BSE Limited.

The strong shareholder support for these appointments indicates confidence in the company's governance and future direction. As Seshasayee Paper and Boards Limited continues to navigate the evolving paper industry landscape, the expertise of these new directors may prove instrumental in shaping the company's strategies and operations.

Seshasayee Paper & Boards , a leading player in the Indian paper industry, has announced its financial results for the first quarter of the fiscal year 2026, ending June 30, 2025. The company's performance reflects the ongoing challenges in the paper sector, with a notable decrease in revenue and profit compared to the previous quarter.

Financial Highlights

• Total Income: The company recorded a total income from operations of ₹399.69 crores on a standalone basis, showing a decrease of 23.21% compared to the previous quarter (₹520.45 crores).
• Net Profit: Standalone net profit after tax stood at ₹17.06 crores, down 33.20% from ₹25.63 crores in the preceding quarter.
• Earnings Per Share (EPS): The company reported an EPS of ₹2.83 on both basic and diluted basis.
• Operating Profit: Operating profit for the quarter was ₹21.30 crores, representing a 15.48% decrease from the previous quarter's ₹25.20 crores.

Segment Performance

Paper remains the only reportable business segment for Seshasayee Paper & Boards. The company's focus on this core segment underscores its specialized approach in the paper industry.

Quarterly Performance Analysis

The table above highlights the quarter-on-quarter performance, showcasing the challenges faced by the company in the current market conditions.

Management Commentary

The results were approved by the Board of Directors on July 19, 2025. While specific management comments were not provided, the financial data suggests that the company is navigating through a period of reduced demand and potentially increased operational costs.

Market Outlook

The paper industry continues to face headwinds, as reflected in Seshasayee Paper & Boards' quarterly results. The significant quarter-on-quarter decline in revenue and profitability indicates persistent challenges in the market, possibly due to factors such as fluctuating raw material costs, changes in consumer behavior, or broader economic conditions affecting the paper sector.

Conclusion

Seshasayee Paper & Boards' Q1 FY2026 results demonstrate the company's resilience in a challenging market environment. While the financial metrics show a decline compared to the previous quarter, the company maintains its focus on its core paper business. Stakeholders will be keenly watching how the company adapts its strategies to navigate the current market dynamics and improve its performance in the coming quarters.