Seshasayee Paper and Boards Ltd

Acquirer and target details

• Target Company: Seshasayee Paper and Boards Limited.
• Disclosing Party: Dhanashree Investments Private Limited, promoter group member.
• Transaction Type: Acquisition of 20,695 equity shares through open market.
• Pre-Transaction Holding: 3,118,249 voting shares (4.944%).
• Transaction Details: Acquisition of 20,695 shares at Rs 234.39 per share; open market; 30 July 2026.
• Post-Transaction Holding: 3,138,944 voting shares (4.977%).
• Date of Transaction: 30 July 2026.
• Share Capital Context: Pre: 63,068,140 shares; Post: 63,068,140 shares; Diluted: NA.

Financial results and revival update

• Q1 FY2026-27 standalone revenue ₹492 cr; net profit after tax ₹33.59 cr.
• Total income stood at ₹505.25 cr; basic/diluted EPS ₹5.58.
• Current tax ₹12.20 cr; deferred tax ₹-0.69 cr; OCI total ₹10.35 cr.
• NCLT Chennai approved e-auction sale of Servalakshmi assets as going concern.
• Two appeals withdrawn; remaining appeal heard and reserved for orders by NCLAT.
• Board approved quarterly results at meetings on 24-25 July 2026.
• Revival and recommencement of operations being pursued for Servalakshmi assets.

Financial highlights (Q1 FY27)

• Standalone quarterly revenue from operation was ₹492.00 crore.
• Standalone total income was ₹505.25 crore.
• Standalone net profit after tax was ₹33.59 crore.
• Standalone basic earnings per share was ₹5.58.
• Consolidated quarterly revenue from operation was ₹492.08 crore.
• Consolidated net profit after tax was ₹31.91 crore.
• Consolidated basic earnings per share was ₹5.30.

Asset revival update

• NCLT approved e-auction sale of Servalakshmi Paper Limited assets as going concern; assets handed over.

Regulatory/governance updates

• Two appeals withdrawn; remaining appeal heard and reserved for order; revival ongoing.
• Audit Committee reviewed results; Board approved results at meetings on July 24-25, 2026.

Appointment of Nominee Director

• Appointment of Additional Director, nominee of Tamilnadu Industrial Investment Corporation (TIIC).
• Sri R.J. Ramesh, Deputy General Manager (IA/ISO/PP) at TIIC, appointed.
• Effective date: July 25, 2026; not liable to retire by rotation.
• Shareholders to approve via postal ballot.
• Reason for change: nominated by TIIC to the board.
• Profile: BE, MBA; TIIC experience; prior leadership roles.
• Relationship: not related to any other director on the board.
• Not debarred by SEBI or other authorities.

Director Appointment

• Appointment of Sri R.J. Ramesh as Additional Director (Nominee Director).
• Appointed on 25 July 2026.
• Replaces Sri Kumar Jayant, IAS.
• Nominated as nominee director by TIIC.
• Not liable to retire by rotation; subject to shareholder approval via postal ballot.
• Postal Ballot Notice to seek shareholders' approval.
• Brief profile: Deputy General Manager (IA/ISO/PP) at TIIC.
• Not related to any other director on the board.
• Not debarred from holding office by SEBI or any other authority.
• Board approved appointment; no disclosed committee changes.
• Reason for change: Replacement of Sri Kumar Jayant, IAS, via TIIC nomination.

Financial results

• Standalone Q1 FY2026: revenue from operations Rs 492 crore; total income Rs 505.25 crore; PAT Rs 33.59 crore.
• Consolidated Q1 FY2026: total income Rs 503.97 crore; PAT Rs 31.91 crore.
• Limited Review on standalone and consolidated results approved.
• Audit Committee reviewed results; Board approved on July 24-25, 2026.

Director appointment

• Appointment of Sri R.J Ramesh as Additional Director (TIIC nominee).
• Shareholders to vote via postal ballot; appointment not liable to retire by rotation.
• Ramesh is TIIC's Deputy General Manager (IA/ISO/PP); appointed July 25, 2026.

Regulatory / revival update

• NCLT Chennai approved e-auction sale of Servalakshmi Paper assets as going concern; sale certificate issued.
• Two appeals withdrawn; remaining appeal heard and reserved for orders.
• Company pursuing revival, refurbishment and recommencement of operations.