Shree Krishna Paper Mills & Industries Ltd

Financials

• Unaudited Q1 FY2027 revenue from operations: ₹5,950.11 lakh; total income: ₹6,025.37 lakh.
• PAT: ₹638.42 lakh; PBT: ₹727.13 lakh; exceptional item: ₹614.56 lakh.
• Profit before exceptional items and tax: ₹112.57 lakh.
• Single segment: manufacturing and sale of paper.
• Independent auditor’s review: unmodified opinion.
• AGM scheduled for Sep 29, 2026; record date Aug 28, 2026; e-voting Sep 26–28.
• MD Naynesh Pasari re-appointed for 3 years from Aug 10, 2026, subject to AGM approval.
• PPA for 8.5 MW solar with RGPOPL; first tranche ₹93.00 lakh paid.
• Tax regime: opted for Section 115BAA from FY2026-27; net tax credit ₹30.87 lakh.
• No reportable segments per Ind AS 108.

Regulation 74(5) certificate status

• Certificate under Regulation 74(5) for quarter ended 30 June 2026 enclosed from MUFG Intime India Private Limited (RTA).

Financial results

• Audited standalone financial results approved for quarter and year ended March 31, 2026.
• Approved balance sheet, cash flow statement, and statement of assets and liabilities.
• Statutory auditor issued an unmodified opinion on the audited results.

Performance

• Revenue from operations for FY2026 was ₹22,808.36 lakh, versus ₹16,870.84 lakh last year.
• Profit after tax for FY2026 was ₹1,944.69 lakh, versus ₹112.74 lakh last year.
• Exceptional gain of ₹2,025.75 lakh arose from sale of part of a vacant plot.

Appointments

• Re-appointed G A M S & Associates LLP as internal auditor for FY2026-27.
• Re-appointed Vijender Sharma & Co. as cost auditor for FY2026-27.
• Both re-appointments were approved on May 29, 2026.

Reports approved

• Approved the Board Report for FY2026.
• Approved the Corporate Governance Report for FY2026.
• Approved the Management Discussion and Analysis Report for FY2026.

Other disclosures

• Related party transaction details for half-year ended March 31, 2026 were being considered and filed.
• After quarter-end, the company signed a power purchase agreement for 8.5 MW solar power in Rajasthan.
• The company invested ₹93.00 lakh in RGPOPL equity, representing 26.21% of paid-up capital.

Target Entity

• Ratan Green Projects One Private Limited (RGPOPL) incorporated on 11 Dec 2025
• Setting up 8.5 MW AC / 12 MWp DC solar and 1.3 MWh BESS power project in Rajasthan
• No turnover as entity was recently incorporated

Industry and Business

• RGPOPL operates in renewable power production sector
• Project supplies solar power to captive users including Shree Krishna Paper Mills

Acquisition Details

• Shree Krishna Paper Mills to subscribe 26.5% equity in RGPOPL
• Total subscription amount up to Rs. 310 lakh in two tranches
• First tranche Rs. 93 lakh within 30 days of agreement
• Second tranche Rs. 217 lakh before commercial operation date
• Consideration is cash
• Not a related party transaction

Strategic Rationale

• Acquisition ensures compliance with captive power requirements under electricity laws
• Secures long-term solar power supply for Shree Krishna Paper Mills

Regulatory and Timeline

• No governmental or regulatory approvals required
• Acquisition completion aligned with solar plant commercial operation timeline

🗓️ Meeting Details

• Board meeting scheduled for February 13, 2026, at the registered office in New Delhi.

📊 Financial Results

• Approval of unaudited financial results for the quarter and nine months ended December 31, 2025.
• Consideration of limited review report for the quarter and nine months ended December 31, 2025.

Board Appointment

• Mrs. Devika Ohri appointed Non-Executive Independent Director effective November 1, 2025, for five years until October 31, 2030.
• Appointment approved by members via postal ballot on January 15, 2026.
• Mrs. Ohri holds a Bachelor's Degree in Economics from Delhi University and has 15 years' experience in leadership coaching and talent management.
• She leads an advisory practice specializing in leadership coaching, succession, and culture in Paper and Chemical industries.
• Mrs. Ohri is not related to any other director and meets independence criteria under Companies Act, 2013, and SEBI LODR.
• No disqualifications or other material reasons for appointment disclosed.