Malu Paper Mills Ltd

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

Financial Performance 📊

• Q3 FY26 revenue from operations rose 22.5% YoY to Rs 7,677.71 lakhs; 9M revenue up 23% YoY to Rs 22,750.13 lakhs.
• EBITDA loss widened to Rs 309.20 lakhs in Q3 FY26 from Rs 105.18 lakhs loss in Q3 FY25.
• Net loss after tax increased to Rs 509.78 lakhs in Q3 FY26 vs Rs 367.34 lakhs in Q3 FY25.
• Cost of materials consumed increased 22.4% YoY in Q3 FY26 to Rs 5,195.04 lakhs.
• Employee benefits expenses rose 23.4% YoY to Rs 316.80 lakhs in Q3 FY26.
• Finance costs increased slightly to Rs 291.50 lakhs in Q3 FY26 from Rs 281.52 lakhs in Q3 FY25.

Industry & Operations 🏭

• Company operates in a single segment: paper manufacturing.
• Company entering new market segments: Paper Bag and Writing Printing Paper, focusing on government supply tenders.
• Secured tender to supply Writing and Printing Paper to Maharashtra State Board Textbook Publications.

Capital & Liquidity 💰

• Promoters committed to further capital infusion; pursuing monetization of surplus land to improve liquidity and net worth.

Governance & Audit 🧾

• Limited review by auditors Demble Ramani & Co. found no material misstatements in unaudited results.
• Board approved appointment of new Secretarial Auditor, CS Priyanka Jaiswal, for FY26.

Guidance & Outlook 📍

• Management expects net worth improvement in upcoming quarters due to production turnaround and new orders.

Financial Performance 📊

• Unaudited standalone results for Q3 ended 31-Dec-2025 approved.
• Total income: Rs. 7,689.58 lakhs (Q3); Rs. 22,782.57 lakhs (9 months).
• EBITDA loss: Rs. 309.20 lakhs (Q3); Rs. 1,099.94 lakhs (9 months).
• Net loss after tax: Rs. 509.78 lakhs (Q3); Rs. 1,684.06 lakhs (9 months).
• Earnings per share: Rs. (2.99) (Q3); Rs. (9.87) (9 months).
• Results prepared as per Ind AS; statutory auditors reported no material misstatements.

Board Decisions & Appointments 📍

• CS V. Ramachandran resigned as Secretarial Auditor effective 06-02-2026.
• CS Priyanka Jaiswal appointed Secretarial Auditor for FY 2025-26 effective 11-02-2026.
• Company secured tender for Writing and Printing Paper supply to Maharashtra State Board Textbook Publications.
• Participation ongoing in tenders for paper supply to other State Boards.
• Promoters reaffirmed commitment to capital infusion for company revival.
• Company pursuing monetization of surplus land assets to improve liquidity and net worth.

Other Business Actions

• Company entering new market segments: Paper Bag and Writing Printing Paper.

Auditor Remarks

• Limited review conducted with no qualifications or material concerns reported.

🗓️ Meeting Details

• Board meeting scheduled for 11 February 2026 at 3:00 PM at the registered office in Nagpur.

📊 Financial Results

• Board to consider and approve unaudited financial results for quarter ended 31 December 2025.
• Limited Review report for quarter ended 31 December 2025 to be taken on record.