Kuantum Papers Ltd

Kuantum Papers Ltd – Trading Window Closure from 01 October 2026 for Directors/KMPs/Connected Persons & their Immediate Relatives till end of 48 hours after the declaration of Unaudited Financial Results for the quarter/half year ending 30 September 2026

Allotment details

• Approval to allot 10,000 unlisted NCDs on private placement.
• Total size INR 100 crore; face value INR 1,00,000.

Key terms

• Allotment date 3 September 2026; maturity 2 June 2030.
• Coupon rate 12.70% p.a.; monthly coupon 9.70%.
• Redemption premium 3.00%; downgrade coupon +0.25% per notch.
• Security: hypothecation over current assets; guarantees from Jagesh Kumar Khaitan and Pavan Khaitan.
• 5% lien-marked fixed deposit; minimum security cover 1.50x.
• Not listed on stock exchanges; private placement only.
• Default interest 2% p.a. on late payments.
• Redemption on maturity or early redemption per financing documents.

Auditor and Director Changes

• Shareholders approved reappointment of M/s R.J. Goel & Co. as Cost Auditors for FY 2026-27.
• Reappointment of Shri Jagesh Kumar Khaitan as Director retiring by rotation approved.
• Re-appointment of Shri Pavan Khaitan as Vice Chairman & MD for three years from 01-Apr-2027 approved.
• Shri Jagesh Kumar Khaitan holds 1.66% stake in the company.
• Shri Pavan Khaitan holds 1.69% stake in the company.

AGM details

• Date and time: 27 August 2026, 11:30 AM to 11:46 AM.
• Mode: VC/OAVM with remote e-voting during the AGM.
• Record date for voting: 20 August 2026; total recorded shareholders: 22,727.

Key resolutions and outcomes

• Adoption of Financial Statements (Ordinary): Passed; 99.9998% in favour, 0.0002% against.
• Declaration of Dividend for FY 2025-26 on Equity Shares: Passed; 99.9998% in favour, 0.0002% against.
• Appointment of Shri Jagesh Kumar Khaitan as Director retiring by rotation: Passed; 99.9988% in favour, 0.0012% against.
• Ratification of remuneration payable to Cost Auditors: Passed; 99.4424% in favour, 0.5576% against.
• Re-appointment of Shri Pavan Khaitan as VC & MD for 3 years: Passed; 99.9987% in favour, 0.0013% against.

Voting overview

• Total votes polled: 59,719,410; turnout: 68.44%.

Directors and key appointments

• Jagesh Kumar Khaitan (Director) by rotation confirmed.
• Pavan Khaitan re-appointed as VC & MD for 3-year term from Apr 1, 2027.

AGM details

• AGM held 27 August 2026 via VC/OAVM, 11:30-11:46 AM
• E-voting open 24-26 August 2026; extended 15 minutes after AGM

Resolutions proposed

• Adopt financial statements (ordinary resolution)
• Declare dividend for FY 2025-26 on equity shares (ordinary)
• Appointment by rotation of Shri Jagesh Kumar Khaitan (ordinary)
• Ratification of remuneration payable to Cost Auditors (ordinary)
• Re-appointment of Shri Pavan Khaitan as Vice Chairman & MD for 3 years from Apr 1, 2027 (special)

Voting results status

• Detailed voting results to exchanges within statutory timelines; to be placed on company website

AGM Details

• Date and time: 27 August 2026, 11:30 to 11:46 a.m., via VC/OAVM.
• E-voting open 24–26 August; remained open 15 minutes after conclusion.

Resolutions proposed

• Adoption of Financial Statements — Ordinary.
• Declaration of Dividend on Equity Shares — Ordinary.
• Appointment of Shri Jagesh Kumar Khaitan by rotation — Ordinary.
• Ratification and approval of remuneration payable to Cost Auditors — Ordinary.
• Re-appointment of Shri Pavan Khaitan as Vice Chairman & MD for three years from 01 April 2027 — Special.

Voting results

• Adoption of Financial Statements: voting results pending disclosure.
• Dividend Declaration: voting results pending disclosure.
• Appointment by rotation: voting results pending disclosure.
• Cost Auditors remuneration: voting results pending disclosure.
• MD re-appointment: voting results pending disclosure.

Dividend details

• Dividend on equity shares declared for FY 2025-26; amount per share not disclosed.

Director changes

• Director re-appointment by rotation: Shri Jagesh Kumar Khaitan.

Auditor appointments/remuneration

• Remuneration of Cost Auditors ratified.

Other material approvals

• MD re-appointment proposed for a three-year term from 01 April 2027.

PM3 restart post-rebuild

• PM3 restarted on 26 August 2026 at Saila Khurd, Punjab facility.
• Rebuild enhances capacity and efficiency with top Former, Film Press, automation, and improved drying.
• Aims to enable diversification into higher-value writing and specialty grades.