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Pudumjee Paper Shareholders Approve Director Re-appointment and Remuneration via Postal Ballot
Pudumjee Paper Products Limited has successfully passed two special resolutions through a postal ballot process concluded on March 4, 2026. Shareholders overwhelmingly approved the remuneration for Whole Time Director Mr. Arunkumar Mahabirprasad Jatia with 98.76% of votes in favor. Additionally, the re-appointment and remuneration of Dr. Ashok Kumar as Executive Director received near-unanimous support with 99.99% approval. These results ensure leadership continuity and formalize the executive compensation structure for the company.
Key Highlights
Resolution for Mr. Arunkumar Jatia's remuneration passed with 6,35,65,868 votes (98.76%) in favor.
Dr. Ashok Kumar's re-appointment as Executive Director approved with 6,88,06,023 votes (99.99%) in favor.
Total valid votes polled reached 64.37 million for the first resolution and 68.81 million for the second.
The voting process was conducted exclusively via remote e-voting between February 3 and March 4, 2026.
Both special resolutions were passed with the requisite majority as per the Scrutinizer's Report.
💼 Action for Investors
Investors should take confidence in the strong shareholder support for the current management team. No immediate action is required as these approvals represent routine corporate governance and leadership stability.
Pudumjee Paper 9M Income at Rs 630 Cr; Commissions 15.4 MW Solar Plant
Pudumjee Paper Products reported a slight decline in its 9M performance, with Total Income at Rs. 630 Crores compared to Rs. 635 Crores in the previous year. EBIDTA for the period stood at Rs. 112 Crores with an 18% margin, down from Rs. 116 Crores YoY. A key operational highlight is the commissioning of a 15.4 MWac Solar Power Plant for captive use, which is expected to optimize energy costs. The company is currently navigating regulatory approvals for a new boiler and its Mahad project expansion.
Key Highlights
Total Income for 9M ended Dec 2025 at Rs. 630 Crores vs Rs. 635 Crores YoY
EBIDTA margin maintained at 18% with an absolute value of Rs. 112 Crores
Successfully commissioned 15.4 MWac Solar Power Plant in Solapur for captive consumption
New Boiler commissioning is pending statutory approval expected shortly
Environment clearance for Mahad project expansion is being re-applied due to regulatory changes
💼 Action for Investors
Investors should monitor the impact of the new solar plant on operating margins and track the timeline for the Mahad project approvals. The company's focus on biodegradable specialty papers aligns well with sustainable packaging trends.
Pudumjee Paper Q3 FY26 PAT Rises 5.8% YoY to ₹20.71 Cr; Re-appoints Executive Director
Pudumjee Paper Products reported a steady performance for the quarter ended December 31, 2025, with revenue from operations growing 5.2% YoY to ₹203.75 crore. Net profit for the quarter stood at ₹20.71 crore, up from ₹19.58 crore in the same period last year, driven by lower material costs and improved margins. The company's core Paper segment remains the primary driver, contributing ₹194.19 crore to the top line. Additionally, the board approved the re-appointment of Dr. Ashok Kumar as Executive Director for a five-year term starting May 2026, ensuring leadership continuity.
Key Highlights
Revenue from operations increased by 5.2% YoY to ₹20,375 lakhs.
Net Profit (PAT) grew by 5.8% YoY to ₹2,071 lakhs compared to ₹1,958 lakhs in Q3 FY25.
EBITDA improved to ₹3,272 lakhs from ₹3,097 lakhs in the previous year's corresponding quarter.
Paper segment revenue stood at ₹19,419 lakhs, while the Hygiene products segment contributed ₹1,762 lakhs.
Dr. Ashok Kumar re-appointed as Executive Director for a 5-year term until May 2031.
💼 Action for Investors
Investors should monitor the company's ability to maintain margin expansion as seen this quarter despite a slight sequential dip in revenue. The management stability and steady YoY growth make it a watch for long-term paper sector enthusiasts.
Pudumjee Paper Gets Open Access Permission for 15.4 MWac Solar Plant
Pudumjee Paper Products Limited has received Medium-Term Open Access permission for its 15.4 MWac Solar Power Plant located in Solapur, Maharashtra. This regulatory approval enables the company to utilize the power generated for captive consumption over a five-year period ending November 2030. The transition to solar energy is expected to lower operational costs and enhance the company's ESG profile. This development follows the plant's commissioning in November 2025, marking the full operationalization of this renewable energy asset.
Key Highlights
Secured Medium-Term Open Access for captive power consumption from a 15.4 MWac solar plant
The permission is valid for a 5-year duration from December 1, 2025, to November 30, 2030
The solar facility is located in Solapur, Maharashtra, to support manufacturing operations
Expected to result in significant savings on electricity costs and improve long-term operational margins
💼 Action for Investors
This is a positive operational milestone that should lead to cost efficiencies in the paper manufacturing process. Investors should monitor the reduction in power and fuel expenses in upcoming quarterly financial statements.