Shree Krishna Paper Mills & Industries Ltd

AGM Details

• Date/time/mode: 29 Sep 2026, 11:00 AM, via VC/OAVM.
• Voting rights cut-off date: 22 Sep 2026.
• Total members on record: 1,723.
• Attendance via VC: 1 promoter group, 27 public.
• Resolutions proposed: 5; passed: 5.

Resolutions

• Res 1: Adopt audited financial statements for FY2026; passed.
• Res 2: Re-appoint Narendra Pasari as Director by rotation; passed.
• Res 3: Re-appoint Naynesh Pasari as MD; remuneration fixed; passed.
• Res 4: Approve Material Related Party Transactions with Gopala Sales Private Limited; passed.
• Res 5: Ratify remuneration of Cost Auditors for FY2027; passed.

Voting results

• Res 1: Assent 99.9996%, Dissent 0.0004%.
• Res 2: Assent 99.9996%, Dissent 0.0004%.
• Res 3: Assent 99.9996%, Dissent 0.0004%.
• Res 4: Assent 99.9986%, Dissent 0.0014%.
• Res 5: Assent 99.9996%, Dissent 0.0004%.

Director and MD changes

• Director re-appointment: Narendra Kumar Pasari (DIN: 00101426).
• Managing Director appointment: Naynesh Pasari (DIN: 00519612); remuneration fixed.

Auditors

• Cost Auditor remuneration ratified for FY ending 31 March 2027.

Material Related Party Transactions

• Material related party transactions approved with Gopala Sales Private Limited.

AGM details

• Date and time: 29 September 2026, 11:00 A.M. IST.
• Mode: Video Conferencing / Other Audio Visual Means (VC/OAVM).
• No physical attendance; voting via remote e-voting and AGM platform.

Resolutions

• Item 1 (Ordinary): Adopt Audited Financial Statements for year ended 31 March 2026.
• Item 2 (Ordinary): Re-appoint Narendra Kumar Pasari by rotation.
• Item 3 (Special): Approve Naynesh Pasari as Managing Director and fix remuneration.
• Item 4 (Ordinary): Approve related party transactions with Gopala Sales Private Limited.
• Item 5 (Ordinary): Ratify remuneration of Cost Auditors for FY 2027.

Voting status

• Results will be announced within two working days.
• Results to be uploaded on stock exchanges and company/MUFG sites by Oct 1, 2026.

Other governance notes

• No dividend proposal mentioned in the proceedings.
• Statutory auditor unchanged; cost auditor remuneration to be ratified.

Shree Krishna Paper Mills & Industries Ltd: Trading window closed from Oct 01, 2026 till completion of 48 hours after announcement / declaration of Un-Audited Financial Results for the quarter and half-year ended Sep 30, 2026 are submitted to the Stock Exchanges

AGM details

• 54th AGM on 29 September 2026 at 11:00 A.M. IST via VC/OAVM.
• Cut-off date for eligible shareholders for remote e-voting: 22 September 2026.
• Book closure from 23 September 2026 to 29 September 2026.
• Register of Members will remain closed from 23 to 29 September 2026.
• E‑voting window: 9:00 A.M. 26 Sep 2026 to 5:00 P.M. 28 Sep 2026.
• E-voting platform provided by MUFG Intime India Private Limited.

Key resolutions

• Ordinary: Adopt Audited Financial Statements for year ended 31 March 2026.
• Ordinary: Re-appoint Narendra Kumar Pasari as Director (retiring by rotation).
• Special: Re-appoint Naynesh Pasari as MD for 3 years (Aug 10, 2026–Aug 9, 2029) with remuneration.
• Ordinary: Approve Material Related Party Transactions with Gopala Sales Private Limited up to ₹100 crore.
• Ordinary: Ratify remuneration of Cost Auditors for FY ending March 31, 2027.

Director changes

• Naynesh Pasari to be re-appointed as Managing Director.
• Narendra Kumar Pasari to be re-appointed as Director (retiring by rotation).

Auditors & related party details

• RPT: Approval for related party transactions with Gopala Sales Private Limited up to ₹100 crore.
• Cost Auditors remuneration ratified for FY ending March 31, 2027.

Financial snapshot

• Revenue from operations rose to 22,808.36 Lakhs in FY2025-26 from 16,870.84.
• Total income stood at 22,987.22 Lakhs for FY2025-26.
• Profit after tax was 1,944.69 Lakhs, up from 112.74 Lakhs last year.
• Earnings per share: 14.38 Rupees for FY2025-26.
• Exceptional items income of 2,025.75 Lakhs contributed to PAT.
• Domestic revenue: 20,370.96 Lakhs; Exports: 2,306.26 Lakhs.
• Board did not declare any dividend for FY2025-26.
• Total borrowings: 4,196.88 Lakhs; Net debt: 2,188.79 Lakhs.
• Gearing ratio 0.41; Current ratio 1.45; Debt-equity 0.79.
• Cash from operations 325.91 Lakhs; net investing cash flow -649.29 Lakhs; financing +623.13 Lakhs.
• Year-end cash and cash equivalents: 14.26 Lakhs.

Geography and margins

• Revenue by geography shows domestic 20,370.96 Lakhs and export 2,306.26 Lakhs.
• Operating margin 3.58%; net profit margin 8.53% for FY2025-26.
• Return on equity reported at 44.56%; ROCE 27.45%.

Capital structure and liquidity

• Total borrowings at 4,196.88 Lakhs; equity 5,284.34 Lakhs.
• Net debt 2,188.79 Lakhs; gearing 0.41x.
• Current ratio 1.45x; debt-to-equity 0.79x.

Governance and board changes

• Yukti Gulati Chanana resigned as Independent Director on Aug 5, 2025.
• Devika Ohri appointed Independent Director from Nov 1, 2025; approved Jan 15, 2026.
• Naynesh Pasari reappointed as Managing Director for 3 years from Aug 10, 2026.
• Narendra Kumar Pasari redesignated as Executive Chairman; board size six.

Related party transactions

• Gopala Sales Private Limited RPT up to 100 Crore for FY2026-27; arm's length.
• FY2025-26 RPT: purchases 1,043.61 Lakhs; sales 3,132.01 Lakhs.
• Up to Jun 30, 2026: purchases 319.64; sales 627.00 Lakhs.
• RPTs amount to 43.84% of last year turnover; 282.65% of related party turnover.
• Naynesh Pasari holds 25% in Gopala Sales Private Limited.

Audit, controls and risk

• Statutory auditors: Ashwani Garg & Associates; Cost auditors Vijender Sharma & Co.
• Secretarial auditors: Blak & Co.; Internal auditors: GAMS & Associates LLP.
• Internal controls are adequate and operating effectively.
• No material fraud reported; secretarial audit with no qualifications.

Strategic developments and energy

• Post-year: power purchase agreement for 8.5 MW solar via group captive open access.
• First tranche paid of 93.00 Lakhs for 26.21% equity in RGPOPL.
• Company pursuing renewable energy to support sustainability goals.

Outlook and risks

• Indian paper industry expects growth with packaging demand and eco-friendly products.
• Margin pressures possible from input costs and imports; technology for efficiency underway.

Key book-closure details

• 54th AGM to be held September 29, 2026 at 11:00 a.m. via VC/OAVM.
• Book closure from September 23, 2026 to September 29, 2026, both days inclusive.
• Record date for voting entitlement: September 22, 2026.
• E-voting facility enabled for AGM resolutions via MUFG Intime India Private Limited.
• Security: Equity shares of the company.