🔍

EMAMIPAP - Emami Paper

📊 NSE: EMAMIPAP 🏢 Paper 📅 Last Updated: 12/13/2025 21:49

📢 Recent Corporate Announcements

Emami Paper Mills Credit Rating Affirmed at IND A-/Stable for ₹1,279.5 Crore Facilities

🟡 NEUTRAL ⭐ 5/10

ROUTINE 📅 06 Mar 2026, 02:49 PM

India Ratings and Research (Ind-Ra) has affirmed the credit ratings for Emami Paper Mills Limited's bank loan facilities totaling INR 12,795 million. The long-term rating is maintained at 'IND A-' with a 'Stable' outlook, while the short-term rating is affirmed at 'IND A2+'. This affirmation suggests that the company's credit profile remains steady despite industry cycles. The total facility size under review represents a significant portion of the company's debt structure at approximately ₹1,279.5 Crore.

India Ratings (Ind-Ra) affirmed the long-term rating at 'IND A-' with a Stable outlook
Short-term rating for bank facilities affirmed at 'IND A2+'
Total bank loan facilities covered under the rating amount to INR 12,795 million
The rating action reflects a status quo on the company's financial risk profile and debt-servicing capability

💡 As the credit rating remains unchanged, there is no immediate impact on the stock's valuation. Investors should continue to monitor the company's quarterly earnings to see if operational performance supports a future rating upgrade.

Emami Paper Mills Appoints Sumit Jaiswal as Company Secretary & Compliance Officer

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 03 Mar 2026, 12:56 PM

Emami Paper Mills Limited has announced the appointment of Shri Sumit Jaiswal as the Company Secretary and Compliance Officer, effective March 3, 2026. Jaiswal, a Fellow Member of ICSI with over 15 years of experience, succeeds the previous officer and will also serve as the Nodal Officer for IEPF compliance. Furthermore, the company has authorized three Key Managerial Personnel (KMPs), including the CEO and CFO, to determine the materiality of events for regulatory disclosures. This move is part of the company's ongoing commitment to corporate governance and SEBI compliance.

Shri Sumit Jaiswal appointed as Company Secretary & Compliance Officer effective March 3, 2026
New appointee brings over 15 years of diversified experience in corporate governance and SEBI compliance
Authorization of CEO Sushil Kumar Khetan, CFO Mukesh Kumar Agarwal, and CS Sumit Jaiswal for materiality disclosures
Sumit Jaiswal also designated as the Nodal Officer for Investor Education and Protection Fund (IEPF) compliance

💡 This is a routine administrative and compliance-related update. No immediate action is required from investors as it does not impact the company's financial or operational performance.

Emami Paper Mills Appoints Sumit Jaiswal as Company Secretary and Compliance Officer

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 03 Mar 2026, 12:47 PM

Emami Paper Mills has appointed Shri Sumit Jaiswal as the Company Secretary and Compliance Officer, effective March 3, 2026. Mr. Jaiswal, a Fellow Member of ICSI with over 15 years of experience, replaces the previous incumbent in this Key Managerial Personnel (KMP) role. The board also authorized a team of three KMPs, including the CEO and CFO, to determine the materiality of events for regulatory disclosures. This appointment is a routine administrative update to ensure continued compliance with SEBI regulations.

Appointment of Shri Sumit Jaiswal as Company Secretary & Compliance Officer effective March 3, 2026
Sumit Jaiswal brings over 15 years of diversified experience across textiles, cement, and industrial sectors
Authorization of three KMPs (CEO, CFO, and CS) for determining materiality under SEBI Regulation 30(5)
Shri Sumit Jaiswal also appointed as the Nodal Officer for Investor Education and Protection Fund (IEPF) matters

💡 This is a routine management update regarding compliance roles and does not impact the company's financial performance. No specific action is required from investors.

Emami Paper Mills: Promoter Group Inter-Se Transfer of 1.81% Stake

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 27 Feb 2026, 06:37 PM

Members of the Emami Paper Mills promoter group have executed an inter-se transfer of 10,93,751 equity shares, representing 1.81% of the company's total share capital. The transaction primarily involved off-market gifts (10.83 lakh shares) among family members and a small open-market purchase (10,707 shares) by Diwakar Finvest Private Limited at an average price of ₹87.76. This is an internal restructuring within the promoter group and does not result in any change in the aggregate promoter shareholding. The acquisition is exempt from open offer requirements under SEBI (SAST) Regulations.

Inter-se transfer of 10,93,751 equity shares, accounting for 1.8079% of the total diluted share capital.
10,83,044 shares were transferred via off-market gifts without any monetary consideration.
10,707 shares were acquired by Diwakar Finvest Private Limited at an average price of ₹87.7573 per share.
Major transferors include Sri Radhe Shyam Goenka (4,57,370 shares) and Sri Sushil Kumar Goenka (5,18,210 shares).
Post-transaction, Diwakar Finvest Private Limited's stake increased from 27.03% to 27.05%.

💡 This is a routine internal redistribution of shares among promoters for estate or tax planning and has no impact on company fundamentals. Investors should remain focused on the company's quarterly earnings and industry demand cycles.

Emami Paper Mills: Calcutta HC Extends Stay on LMAA Arbitration Until March 31, 2026

🟡 NEUTRAL ⭐ 4/10

LEGAL 📅 18 Feb 2026, 02:47 PM

Emami Paper Mills Limited has received a favorable procedural update regarding its ongoing litigation. The Calcutta High Court has extended an interim order that restrains defendants from proceeding with arbitration against the company at the London Maritime Arbitrators Association (LMAA). This stay, previously valid until November 11, 2025, has now been extended until March 31, 2026. The company has stated that this legal development currently has no material impact on its financial operations or business activities.

Calcutta High Court extended the interim stay on LMAA arbitration proceedings until March 31, 2026.
The order restrains judgment debtors from taking any further steps against the company in the arbitration.
This is a continuation of a previous interim order that was effective until November 11, 2025.
Management confirms no material impact on the company's financial operations or other activities.

💡 Investors should treat this as a routine legal update that maintains the status quo; no immediate action is required as the stay prevents immediate legal liability.

Emami Paper Mills: Promoter Group to Conduct Inter-se Transfer of 1.81% Stake

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 17 Feb 2026, 06:52 PM

Diwakar Finvest Private Limited and other promoter group members have announced a proposed inter-se transfer of 10,93,744 equity shares, representing 1.81% of Emami Paper Mills. The transaction involves acquiring shares from existing promoters including Radhe Shyam Goenka and Sushil Kumar Goenka through gifts and open market transfers. This is an internal restructuring within the promoter group, and the total promoter holding will remain unchanged at 74.97%. The transfers are scheduled to be executed on or after February 26, 2026.

Proposed inter-se transfer of 10,93,744 equity shares representing 1.81% of the total share capital.
Total promoter and promoter group holding remains constant at 74.97% before and after the transaction.
Major transferors include Radhe Shyam Goenka (4,57,370 shares) and Sushil Kumar Goenka (5,18,210 shares).
The transaction will be executed via off-market gifts and open market trades at prevailing market prices.
The 60-day Volume Weighted Average Price (VWAP) for the shares is approximately Rs. 87.27.

💡 This is a routine internal restructuring within the promoter group and does not affect the company's fundamentals or overall ownership. Investors should treat this as a neutral event and maintain their focus on the company's operational performance.

Emami Paper Q3 PAT Jumps 10x YoY to ₹16.99 Cr; Revenue Up 10%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 04:02 PM

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.

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.

💡 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

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 20 Jan 2026, 03:02 PM

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.

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.

💡 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

🟢 POSITIVE ⭐ 7/10

MANAGEMENT 📅 09 Jan 2026, 05:47 PM

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.

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.

💡 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

🟢 POSITIVE ⭐ 6/10

MANAGEMENT 📅 09 Jan 2026, 05:44 PM

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.

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

💡 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.

Emami Paper Mills Submits Quarterly SEBI Regulation 74(5) Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jan 2026, 03:46 PM

Emami Paper Mills Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The report, issued by the company's registrar Maheshwari Datamatics Private Limited, covers the period from October 1, 2025, to December 31, 2025. The registrar confirmed that no dematerialization requests for equity shares were received or processed during this specific quarter. This is a standard administrative filing required by all listed companies in India to maintain transparency in shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025
Issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Registrar confirmed zero dematerialization requests were confirmed during the period
Covers the three-month period starting October 1, 2025

💡 No action is required as this is a routine regulatory filing with no impact on company fundamentals. Investors should monitor upcoming quarterly earnings for material performance updates.

Emami Paper Mills to Close Trading Window from Jan 1, 2026, for Q3 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Dec 2025, 01:16 PM

Emami Paper Mills Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting January 1, 2026. This move is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results. The closure pertains to the unaudited financial results for the third quarter ending December 31, 2025. The trading window will remain closed until 48 hours after the results are officially declared to the stock exchanges.

Trading window closure effective from Thursday, January 1, 2026.
Closure is in anticipation of the Q3 FY2025-26 unaudited financial results.
Window to reopen 48 hours after the board meeting results are announced.
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Board meeting date for result consideration to be intimated in due course.

💡 This is a routine regulatory filing with no direct impact on stock fundamentals; investors should wait for the upcoming Q3 earnings release to assess company performance.

EMAMIPAP: Postal Ballot for Director Appointment & Remuneration

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 09 Dec 2025, 06:05 PM

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.

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.

💡 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

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 02 Dec 2025, 03:54 PM

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.

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.

💡 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

🟡 NEUTRAL ⭐ 6/10

BOARD_MEETING 📅 02 Dec 2025, 03:45 PM

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.

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.

💡 Investors should monitor the postal ballot for the approval of Sushil Kumar Khetan's appointment as Whole-time Director and note the management changes.

View All EMAMIPAP Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue from operations declined 3.30% YoY to INR 1,928.04 Cr in FY 2024-25. Export sales grew 29.6% YoY to INR 149.00 Cr, while domestic revenue declined approximately 5.4% YoY to INR 1,779.04 Cr.

Geographic Revenue Split

Domestic sales contributed 92.27% (INR 1,779.04 Cr) and Export sales contributed 7.73% (INR 149.00 Cr) of total revenue in FY 2024-25.

Profitability Margins

Gross and net profitability were impacted by lower Net Sales Realisation (NSR). Profit After Tax (PAT) margin was 1.35% (INR 26.01 Cr) in FY 2024-25, down from 4.23% (INR 84.30 Cr) in FY 2023-24.

EBITDA Margin

EBITDA margin contracted to 7.65% (INR 147.55 Cr) in FY 2024-25 from 12.04% (INR 240.15 Cr) in FY 2023-24, a decrease of 439 basis points due to sustained pressure on realizations.

⚙️ Operational Drivers

Raw Materials

Imported pulp is the primary raw material, representing a significant portion of manufacturing costs.

Import Sources

Global markets for imported pulp; specific countries are not listed, though pricing pressure is noted from China and Indonesia imports.

Raw Material Costs

Raw material costs rose in FY 2024-25, exerting pressure on performance. The company uses hedging and strategic sourcing from multiple sources to mitigate supply disruptions.

Manufacturing Efficiency

Sales volumes improved in FY 2024-25 compared to FY 2023-24, though specific capacity utilization percentages were not provided.

📈 Strategic Growth

Expected Growth Rate

30%

Growth Strategy

Growth is targeted through cost reduction, productivity enhancement, and efficiency improvements. The company is specifically focusing on expanding its export footprint, which grew 30% in FY 2024-25, and leveraging its diversified mix of newsprint and paperboard to optimize asset utilization.

Products & Services

Newsprint, Writing and Printing Paper, and multilayer coated Paperboard.

Brand Portfolio

Emami Paper.

Market Expansion

Targeting growth in export markets, which reached INR 149.00 Cr in FY 2024-25.

🌍 External Factors

Industry Trends

The paper industry is facing pricing pressure from low-priced imports. Emami is positioning itself for the future by diversifying its product mix and increasing its focus on the export segment to build resilience.

Competitive Landscape

Key competition arises from international manufacturers in China and Indonesia who are exporting products into India at lower price points.

Competitive Moat

The company's moat is built on its diversified product portfolio (Newsprint and Paperboard) and its established brand under the Emami Group. Sustainability is supported by ISO certifications (9001, 14001, 45001) and cost-reduction initiatives.

Macro Economic Sensitivity

Highly sensitive to global pulp prices and international trade dynamics, particularly import dumping from Asian competitors.

Geopolitical Risks

Trade barriers and pricing strategies from China and Indonesia impact domestic market competitiveness.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by pollution norms and manufacturing standards, evidenced by ISO 9001:2015 and environmental certifications.

Environmental Compliance

Compliant with ISO 14001:2015 (Environmental Management System) and ISO 45001:2018 (Occupational Health and Safety).

⚠️ Risk Analysis

Key Uncertainties

Key risks include raw material supply disruptions (imported pulp), market demand fluctuations affecting asset utilization, and liquidity risks from a high debt burden.