Three M Paper Boards Limited conducted its Board of Directors meeting on March 12, 2026, at 11:30 A.M. at the company's registered office, addressing critical operational and pricing decisions amid challenging market conditions.

Key Board Decisions and Approvals

The Board meeting covered several important agenda items that reflect the company's strategic response to current market dynamics. The directors reviewed and approved various operational matters while addressing immediate cost pressures affecting the business.

Product Pricing Strategy Revision

The Board approved a calibrated revision in the selling prices of the company's products following a comprehensive assessment of market conditions. This decision comes in response to prevailing geopolitical developments that have significantly impacted global shipping routes, logistics corridors, and international supply chains.

The pricing adjustment addresses several cost pressures:

• Increased freight costs due to disrupted shipping routes
• Volatility in availability and pricing of imported raw materials
• Escalation in input and logistics costs across the paper industry
• Need to maintain operational stability

The Board noted that this calibrated approach is designed to partially offset increased cost pressures while ensuring the company continues to fulfill its commitments to customers.

Operational Performance Review

During the meeting, the Board conducted a thorough review of the company's operational and financial performance for the period under consideration. The directors expressed satisfaction with the current performance levels, indicating stable business operations despite external challenges.

Regulatory Compliance and Governance

The Board reviewed the status of statutory and regulatory compliances applicable to the company, ensuring adherence to all relevant regulations. The meeting also confirmed the minutes of the previous Board meeting and reviewed the action taken report on decisions from earlier sessions.

The meeting was conducted in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, particularly under Regulation 30 and other applicable provisions. Mr. Rushabh Hitendra Shah, Managing Director, signed off on the meeting outcomes, confirming the Board's commitment to transparent governance practices.

Three M Paper Boards Limited has announced a shareholding change by promoter Rushabh Hitendra Shah, who acquired additional shares through open market purchase on February 24, 2026. The company filed the mandatory disclosure under Regulation 7(1)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015.

Share Acquisition Details

Rushabh Hitendra Shah, who belongs to the promoter group, purchased 2,000 shares representing 0.01% of the company's total share capital through open market transactions on BSE. The acquisition was completed on February 24, 2026, with a transaction value of ₹67,940.

Company Share Capital Structure

The company's equity share capital remained unchanged at 19,23,73,600 shares both before and after the acquisition. Three M Paper Boards Limited's shares are listed on BSE Limited under scrip code 544214, with ISIN INE0UK501010.

Regulatory Compliance

The disclosure was made in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, specifically under Regulation 7(1)(b). The filing was submitted through Form-C for continual disclosure requirements. The company confirmed that the promoter held no encumbered shares, voting rights other than through shares, or convertible securities before or after the transaction.

The filing was signed by Hitendra Shah, Whole Time Director with DIN 00448925, and submitted to the Department of Corporate Relationship at BSE Limited. Three M Paper Boards Limited operates in the paper manufacturing sector, specializing in coated duplex board and white board products, with its registered office in Mumbai and manufacturing plant in Ratnagiri, Maharashtra.