Malu Paper Mills Ltd

Secretarial Auditor Appointment

• Appointment of CS Priyanka Jaiswal as Secretarial Auditor for five consecutive financial years from FY 2026-27 to FY 2030-31.
• Board approval on 28 August 2026; subject to member approval at AGM 23 September 2026.
• Reason: cessation of previous appointment upon completion of casual vacancy term to FY 2025-26.
• Profile: Qualified Company Secretary with 8+ years in corporate law and regulatory compliance.

AGM Details

• AGM held on 23-09-2026 from 3:00 PM to 3:40 PM.
• Voting via remote e-voting and on-site poll; combined results released.

Key Resolutions

• Adoption of standalone financial statements and Board’s report for year ended March 31, 2026.
• Appointment/retirement of directors as per rotation.
• Appointment of statutory auditor and remuneration fixed.
• Appointment of Cost Auditor and remuneration fixed.
• Appointment of Secretarial Auditor and remuneration fixed.

Voting Results

• All resolutions passed with requisite majority.

Director Changes

• Directors appointed/re-appointed as per rotation.

Auditor Appointments

• Statutory auditor appointed; cost and secretarial auditors appointed for FY2026-27; remuneration fixed.

Financial highlights

• Total revenue (Total Income) FY2025-26: 33,405.45 Lakhs.
• Sales/Turnover FY2025-26: 33,328.87 Lakhs.
• EBITDA: negative 630.90 Lakhs.
• PAT: negative 1,953.08 Lakhs.
• Total assets: 18,099.55 Lakhs; net worth: negative 2,548.93 Lakhs.
• EPS: negative 11.43 Rs.
• Debt/Equity ratio: -1.06.
• Current ratio: 1.22.
• Dividend: no dividend declared for FY2025-26.
• Share capital: 170.59 Lakhs.

Operations and capacity

• Production for FY2025-26 totalled 84,881 MT.
• Newsprint/Writing output: 29,766 MT (35%).
• Kraft paper output: 55,115 MT (65%).
• Capacity: Newsprint/Writing 49,500 TPA; packaging 66,000 TPA.
• Swing facility enables switching between Newsprint and Writing paper.
• Domestic market conditions remained challenging.

Markets and strategic outlook

• Exports underway to Africa and Asia; China market engaged.
• Tender win for Writing & Printing Paper for Maharashtra/Gujarat boards.
• Turnaround plan includes capex, cost optimization, and land monetization.
• Management pursuing revenue enhancement and efficiency improvements.

Capital structure and dividends

• Equity share capital at 170.59 Lakhs; unchanged year-on-year.
• Short-term borrowings: 14,817.61 Lakhs; long-term borrowings: 444.85 Lakhs.
• Total liabilities: 20,648.47 Lakhs; total assets: 18,099.55 Lakhs.
• Dividend: Board did not declare a dividend for FY2025-26.
• No major equity fund-raising in FY2025-26.

Governance and leadership

• MD & CEO Punamchand Malu reappointed for five years from 1 Apr 2025.
• Jt. MD Banwarilal Malu reappointed for five years from 1 Apr 2025.
• Independent Directors: four; declarations of independence on file.
• Secretarial Auditor Priyanka Jaiswal appointed for 2026-31.
• Audit & Nomination & Remuneration Committees in place; governance framework documented.

Audit, risk and compliance

• Statutory auditors: Demble Ramani & Co. appointed till 2026-27.
• Internal audit: Samria & Co.; risk-based annual plan.
• Related Party Transactions: in ordinary course; omnibus approvals used.
• Annual Secretarial Compliance Report filed; no qualifications.
• No material non-compliances; prior year penalties paid for late filings.

Going concern and risks

• Auditors’ emphasis of matter: going concern due to negative net worth.
• Management turnaround: product mix shifts, cost controls, capital investments.
• Promoters may infuse funds; land monetization under consideration to strengthen liquidity.
• Risks: raw material costs, energy, supply chain disruptions, cyclicality.

Shareholding and investor info

• Five-year shareholding pattern shows promoters and public holders; total 17,059,250 shares.
• Promoters include Frontline Commercial Pvt Ltd, Kaveridevi Malu, Wistaria Farms Pvt Ltd.
• Dematerialization: ~99.99% in demat form; trading in NSDL/CDSL.
• Disclosure of related party transactions; policy on RPT on website.

AGM Details

• AGM scheduled Sep 23, 2026 at 3:00 PM at the registered office (physical).
• Register of Members and Share Transfer Books closure Sep 16, 2026 to Sep 23, 2025 (inclusive).
• Cut-off date for voting: Sep 15, 2026.

Resolutions & Approvals

• Appointment of CS Priyanka Jaiswal as Secretarial Auditor for FY2026-27 to FY2030-31.
• Annexures to Cost Audit Report approved for submission to Cost Auditor.
• Scrutinizer appointed for AGM: CS Priyanka Mundra.
• NSDL to provide e-voting facility.

Book Closure Details

• Book closure: 16 Sep 2026 to 23 Sep 2026, both days inclusive.
• Purpose: for the 33rd Annual General Meeting.

Meeting Details

• Date and time: 23 July 2026 at 3:00 PM.
• Location: registered office, Heera Plaza, 4th Floor, Nagpur 440008.

Key Agenda Items

• Unaudited quarterly results for quarter ended 30 June 2026, with Limited Review report.
• Any other business with permission of Chairman.

Other Notes

• Trading window details excluded per policy.

Dematerialisation processing and listing status

• Securities received for dematerialisation during quarter ended 30 June 2026 were confirmed to depositories and listed on exchanges.
• Physical dematerialisation certificates were mutilated and cancelled after verification, with depository's name substituted as registered owner.

Malu Paper Mills Ltd trading window closed from July 01st, 2026 till 48 hours after declaration of Un-Audited Financial Results for the Quarter ended 30th June, 2026