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Emami Paper Q3 PAT Jumps 10x YoY to ₹16.99 Cr; Revenue Up 10%
Emami Paper Mills reported a robust performance for Q3 FY26, with revenue from operations growing 10.1% YoY to ₹500.45 crore. Net profit saw a massive surge to ₹16.99 crore, compared to just ₹1.70 crore in the same period last year, driven by improved operational margins. The company also announced the redemption of promoter-held preference shares worth ₹16.20 crore scheduled for March 2026. An exceptional item of ₹2.52 crore was recorded due to the implementation of new Labour Codes, which slightly impacted the bottom line.
Key Highlights
Revenue from operations rose to ₹500.45 crore in Q3 FY26 from ₹454.31 crore in Q3 FY25.
Net Profit (PAT) increased significantly to ₹16.99 crore versus ₹1.70 crore YoY.
Basic EPS grew to ₹2.47 from ₹0.08 in the corresponding quarter of the previous year.
Board approved the redemption of 2,70,000 OCRPS at a premium, involving a total payout of ₹16.20 crore.
Recognized a one-time exceptional charge of ₹2.52 crore related to new Labour Code retiral obligations.
💼 Action for Investors
The significant turnaround in profitability and the cleaning up of the capital structure through preference share redemption are positive indicators. Investors should hold and monitor if the company can maintain these improved margins amidst fluctuating raw material costs.
Emami Paper Redeems 4.8 Lakh OCRPS with Rs 500 Premium per Share
Emami Paper Mills has successfully redeemed 4,80,000 Optionally Convertible Redeemable Preference Shares (OCRPS) on January 20, 2026. The redemption was executed at a face value of Rs 100 plus a premium of Rs 500 per share, totaling a payout of Rs 28.8 crore. Notably, the company funded this entire redemption through its internal profits and reserves rather than fresh debt. This move is beneficial as it eliminates potential equity dilution and future preference dividend obligations.
Key Highlights
Redeemed 4,80,000 unlisted Series II- Tranche II OCRPS (ISIN: INE830C04046).
Total redemption price of Rs 600 per share, including a Rs 500 premium.
Total cash outflow for the transaction amounts to Rs 28.8 crore.
Funding sourced entirely from the company's available profits and reserves.
Redemption eliminates the risk of equity dilution from the convertible option.
💼 Action for Investors
Investors should view this as a positive sign of liquidity and disciplined capital management. The reduction in preference capital simplifies the balance sheet and removes future dividend outflows.
Emami Paper Mills Appoints Sushil Kumar Khetan as CEO for 3-Year Term
Emami Paper Mills Limited has announced the shareholder-approved appointment of Shri Sushil Kumar Khetan as Whole-time Director & CEO. The appointment, effective from December 6, 2025, spans a three-year tenure. Mr. Khetan, a Chartered Accountant with an All India Rank of 13, possesses over 37 years of extensive experience in paper mill operations and financial management. His background in strategic planning and cost reduction is expected to influence the company's operational efficiency and growth trajectory.
Key Highlights
Shri Sushil Kumar Khetan appointed as Whole-time Director & CEO for a 3-year period starting December 6, 2025.
Shareholders approved the appointment via Postal Ballot on January 8, 2026.
The new CEO brings over 37 years of experience in paper mill operations, finance, and management accounting.
Mr. Khetan is a highly qualified professional, holding both Chartered Accountant (AIR-13) and Company Secretary credentials.
💼 Action for Investors
Investors should monitor the company's operational performance and margin improvements under the new leadership's strategic guidance.
Emami Paper Shareholders Approve Sushil Kumar Khetan as CEO with 99.99% Majority
Emami Paper Mills Limited has successfully passed a special resolution via postal ballot for the appointment and remuneration of Shri Sushil Kumar Khetan as Whole-time Director and CEO. The appointment is effective for a three-year term starting from December 6, 2025. The resolution received overwhelming shareholder support, with 99.99% of the 43.87 million valid votes cast in favor. This move ensures leadership continuity and stability for the company's strategic operations.
Key Highlights
Shri Sushil Kumar Khetan appointed as Whole-time Director and CEO for a 3-year term effective Dec 6, 2025
Special resolution passed with 43,870,481 votes (99.9910%) in favor
Only 3,939 votes (0.0090%) were cast against the resolution out of 43.87 million total valid votes
Remote e-voting process concluded on January 8, 2026, with results certified by MKB & Associates
💼 Action for Investors
Investors should take note of the strong shareholder consensus, which indicates high confidence in the leadership transition. No immediate action is required as this represents a planned and well-supported management appointment.
EMAMIPAP: Postal Ballot for Director Appointment & Remuneration
Emami Paper Mills is seeking shareholder approval via postal ballot for the appointment and remuneration of Shri Sushil Kumar Khetan as a Whole-time Director & CEO. The e-voting period is from December 10, 2025, to January 8, 2026. Shareholders as of the cut-off date, November 28, 2025, are eligible to vote electronically. The resolution requires a special majority to pass.
Key Highlights
Appointment of Shri Sushil Kumar Khetan (DIN: 00358577) as Whole-time Director & CEO.
E-voting starts on December 10, 2025, at 09:00 a.m. (IST).
E-voting ends on January 8, 2026, at 05:00 p.m. (IST).
Cut-off date for determining shareholders eligible to vote is November 28, 2025.
💼 Action for Investors
Shareholders should review the notice and explanatory statement regarding Shri Sushil Kumar Khetan's appointment and cast their votes electronically between December 10, 2025, and January 8, 2026. Note the cut-off date of November 28, 2025, for voting eligibility.
EMAMIPAP: Management Changes - Vivek Chawla Resigns, Sushil Khetan Appointed
Emami Paper Mills announced the resignation of Whole-time Director, Shri Vivek Chawla, effective December 5, 2025. Shri Sushil Kumar Khetan, the current CEO, has been appointed as an Additional Director and Whole-time Director from December 6, 2025, subject to shareholder approval. The company will redeem 4,80,000 Optionally Convertible Redeemable Preference Shares at a premium of ₹500 each, totaling ₹28,80,00,000. Shri Debendra Banthiya, Company Secretary, also resigned effective December 5, 2025.
Key Highlights
Vivek Chawla resigns as Whole-time Director effective December 5, 2025.
Sushil Kumar Khetan appointed as Whole-time Director w.e.f December 6, 2025, subject to shareholder approval.
Redemption of 4,80,000 OCRPS at a premium of ₹500 each.
Total redemption payout of ₹28,80,00,000 to preference shareholders.
Debendra Banthiya resigns as Company Secretary effective December 5, 2025.
💼 Action for Investors
Investors should monitor the shareholder vote on the appointment of Shri Sushil Kumar Khetan and be aware of the management transition. No immediate action is required, but stay informed about company updates.
Emami Paper Board Meeting Outcome: Management Changes & OCRPS Redemption
Emami Paper Mills' board approved the redemption of 4,80,000 Series II- Tranche II Optionally Convertible Redeemable Preference Shares (OCRPS) at a premium of ₹500 each, totaling ₹28,80,00,000. Vivek Chawla resigned as Whole-time Director effective December 5, 2025. Sushil Kumar Khetan, the current CEO, has been appointed as an Additional Director and Whole-time Director from December 6, 2025, subject to shareholder approval via postal ballot. There were also changes to the composition of various Board committees.
Key Highlights
Redemption of 4,80,000 OCRPS Series II at a premium of ₹500 each.
Total payout of ₹28,80,00,000 for OCRPS redemption.
Vivek Chawla's resignation as Whole-time Director effective December 5, 2025.
Sushil Kumar Khetan appointed as Whole-time Director w.e.f December 6, 2025, subject to shareholder approval.
💼 Action for Investors
Investors should monitor the postal ballot for the approval of Sushil Kumar Khetan's appointment as Whole-time Director and note the management changes.