Kay Power and Paper Ltd

AGM Details

• Date and time: 21 September 2026 at 3:00 PM.
• Venue: registered office; in-person meeting with remote e-voting via CDSL.
• Voting cut-off date: 14 September 2026.
• Remote e-voting window: 18–20 September 2026, 9:00 AM–5:00 PM.

Ordinary Business

• Adoption of Standalone Audited Financial Statements for year ended 31 March 2026.
• Adoption of Consolidated Audited Financial Statements for year ended 31 March 2026.
• Appointment of Ankush Shinde & Company as Statutory Auditors for five years; remuneration to be fixed.

Special Business

• Item 4: Deepa Agarwal appointed Managing Director for five years from 12 Aug 2026; remuneration NIL.
• Item 5: Aarushi Chandra appointed Director (Non-Executive, Non-Independent).
• Item 6: Special Resolution to transfer land to wholly owned subsidiary.
• Item 7: Ordinary Resolution to approve material related party transactions with subsidiaries.

Material Related Party Transactions

• Material RPT with subsidiary Satara Engineering Project and Equipment Limited up to Rs 50 crore; Deepa Agarwal to abstain.
• Details include paper purchase and 75,000 TPA Kraft plant equipment; arm's-length, ordinary course.
• Related party: Kay Pulp and Paper Mills Private Limited; transaction with its subsidiary as above.

Directors & Appointments

• MD term: Deepa Agarwal; 5-year term; post-appointment terms may be revised by Board.
• Director: Aarushi Chandra; additional director appointed May 28, 2026; liable to retire by rotation.

Appointment details

• Board approved appointment of Deepa Agarwal as Managing Director effective 12 August 2026, subject to member approval.
• Appointment is contingent on approval by shareholders at forthcoming AGM.
• Disclosures under SEBI Listing Regulations provided; includes relationship to director Aarushi Chandra (mother).
• Brief profile: Deepa Agarwal, B.A. (Hons), active in private limited companies; holds 2,286,800 shares.
• Not debarred from holding office by SEBI or any authority.

Unaudited results

• Standalone and Consolidated unaudited Q1 FY2026-27 results approved for quarter ended 30 June 2026.
• Limited Review Reports by statutory auditors enclosed.

MD appointment

• Mrs. Deepa Agarwal appointed Managing Director, effective 12 August 2026, subject to AGM approval.

Kraft paper project via subsidiary

• Proposed Kraft Paper plant via wholly owned subsidiary Kay Pulp and Paper Mills Private Limited, capacity 75,000 TPA.
• Project to be commissioned in FY2027-28; first-year revenue expected around Rs 200 crore.
• Consolidated results to reflect from FY2028-29, subject to commercial operations and accounting requirements.

Subsidiary status

• Wholly owned Satara Aerospace and Defence Industrial Park Private Limited has not commenced operations; no revenue yet.

Auditor remarks

• Independent Auditor's Review Report issued with unmodified opinion on consolidated results.
• Corresponding quarter figures for prior period not reviewed by branch auditors; matter noted.

Other disclosures

• Subsidiary incorporation date 15 July 2026; project planning/development stage; further disclosures to Stock Exchange as required.

Financial highlights

• Standalone revenue from operations (net of GST) Rs 589.20 cr.
• Standalone total revenue Rs 589.31 cr; net profit Rs 13.42 cr.
• PBT Rs 13.42 cr; exceptional items loss Rs 5.35 cr.
• EPS continuing operations Basic/Diluted Rs 0.04.
• Board approved unaudited results on Aug 12, 2026.
• Consolidated results include wholly owned Satara Aerospace and Defence Industrial Park; subsidiary revenue nil.
• Subsidiary has not commenced operations.
• Independent Auditor's Review: unmodified opinion.
• Repair works completed April 2026; plant restarted May 2, 2026.
• Figures for prior period restated for comparability.

Subsidiary status

• Satara Aerospace and Defence Industrial Park Pvt Ltd is wholly owned.
• Revenue from the subsidiary remains nil as operations have not commenced.

Notes & compliance

• Previous quarter/year figures have been restated to ensure comparability.

Subsidiary incorporation details

• Incorporation of wholly owned subsidiary Kay Pulp and Paper Mills Private Limited on 15 July 2026.
• Authorized Capital: Rs 15,00,000 for the subsidiary.
• Paid-up capital: Rs 1,00,000 comprising 10,000 shares of Rs 10.
• Turnover of the subsidiary is Nil; business operations have not commenced.
• The subsidiary will be a related party to Kay Power and Paper Ltd.
• 100% ownership by Kay Power and Paper Ltd.
• Objects include manufacturing, processing, buying, selling, importing, exporting and distributing paper products.
• No regulatory approvals required for the acquisition.
• The entity's scope covers papers, paper boards, pulp, packaging materials.
• Name of target entity is Kay Pulp and Paper Mills Private Limited.

Dematerialisation processing and listing

• Securities received for dematerialisation during the quarter were confirmed to depositories as accepted or rejected.
• The securities in the certificates have been listed on the exchanges where the earlier securities are listed.
• Physical certificates for dematerialisation were mutilated, cancelled, and the depository's name substituted in the register.
• All steps completed within prescribed timelines.