Pudumjee Paper Products Ltd

Financial highlights

• Turnover for quarter ended 30 June 2026: Rs 203 crore, up from Rs 196 crore year earlier.
• EBIDTA Rs 51 crore with 25% margin, down from Rs 52 crore and 27% in the prior year.
• Focus on biodegradable and compostable papers with barrier properties for sustainable packaging.
• Environment clearance application initiated for the Mahad project construction.

Operational developments

• Environment clearance application for Mahad project under process.
• Demand growth in biodegradable/compostable papers supports sustainable packaging use cases.

Target and business

• Saraswat Co-operative Bank Limited, Mumbai Branch; banking and financial services in India.

Size and capital

• Authorised capital: Rs 1,000 crore; Subscribed capital: Rs 3,201.75 crore.
• Total income: Rs 5,064.53 crore; Own funds: Rs 5,484.91 crore.
• Post-subscription Pudumjee holding: 2,217,400 shares (out of 32,01,75,196).

Transaction details

• Cash consideration: Rs 2,21,49,000 for 2,214,900 shares.
• Proposed subscription: 2,214,900 equity shares; total post-subscription: 2,217,400 shares.
• Approximate stake: ~0.69% of Saraswat Bank post-subscription.

Related party / promoter interest

• Not a related party; no promoter/group interest.

Rationale and alignment

• Linked to existing borrowings; within share-linkage norms; not for control.

Approvals and timeline

• Regulatory approvals: Not applicable.
• Completion expected in due course, subject to necessary formalities.

Background of target

• Incorporated 1918; provides retail, wholesale banking and treasury services; India.

Financial highlights

• Net income from operations ₹20,292 lakh; total revenue ₹21,853 lakh.
• QoQ growth: net ops revenue +1.2%; YoY +3.3%.
• EBITDA ₹5,119 lakh; QoQ +60%; YoY -2%.
• PBT ₹4,469 lakh; QoQ +66%; YoY -7%.
• PAT ₹3,372 lakh; QoQ +71%; YoY -7%.
• Basic EPS ₹3.55; diluted ₹2.08.
• Board took on record standalone Q1 FY27 results; Limited Review attached.

Segment performance

• Paper revenue ₹19,506 lakh; Hygiene ₹1,618 lakh; net sales ₹20,292 lakh.
• Inter-segment revenue ₹832 lakh.
• Paper EBIT ₹3,754 lakh; Hygiene ₹27 lakh; total ₹3,781 lakh.
• Depreciation ₹494 lakh; Finance cost ₹156 lakh; Other unallocable income ₹1,338 lakh.
• Profit before tax from segments totals ₹4,469 lakh.

Balance sheet & liquidity

• Paid-up capital ₹950 lakh; Other equity ₹65,998 lakh.
• Total assets ₹98,433 lakh; Total liabilities ₹28,063 lakh.

Audit & disclosures

• Standalone quarter ended 30-Jun-2026; unaudited.
• Figures for previous periods recast; Limited Review conducted by JM Agrawal & Co.

AGM & Annual Report Access

• 12th AGM on 2 September 2026 at 3:00 PM IST via VC/OAVM.
• Annual Report 2025-26 accessible via web-link; unregistered email holders will access online.

KYC & Nomination Updates

• Electronic holders must update email/address with their DP; physical holders must submit ISR/SH forms to RTA.
• Mandatory ISR-1 and ISR-2; ISR-3/SH-13/SH-14 as applicable.
• Nomination registration encouraged to smooth transmission of securities.
• Submit forms to KFin Technologies Limited; contact details provided.

AGM and dividend details

• AGM on 2 September 2026 at 03:00 p.m. IST via VC/OAVM.
• Record date for dividend entitlement: 24 August 2026.
• Book closure from 25 August 2026 to 2 September 2026 (inclusive).
• Final dividend of ₹0.60 per equity share, subject to shareholder approval.
• Dividend payment date from 22 September 2026.

Meeting Details

• Board meeting scheduled for Tuesday, 11 August 2026 (time and venue not disclosed).

Key Agenda Items

• Consider and approve unaudited financial results for quarter ended 30 June 2026 with Limited Review Report.

Other Notes

• Trading window closed for designated persons and relatives from 1 July 2026 until 48 hours after results declaration.