Voith Paper Fabrics India Ltd

Voith Paper Fabrics India Limited trading window to remain closed from 1st October, 2026 upto 48 hours after the declaration of financial results for the quarter ending on 30th September, 2026

IT assessment order details

• Assessment order for AY 2023-24 under 143(3)/144C(13) issued.
• Returned income Rs 43,07,14,990; total income Rs 53,94,22,266.
• Demand raised: Rs 3,82,08,430; payable within 30 days.
• TPO 92CA(3) upward adjustment: Rs 12,24,18,600.
• DRP directed adjustments; revised computation adds Rs 108,707,276.
• Total income determined: Rs 53,94,22,266.
• Gross tax liability: Rs 13,57,61,797.
• Net tax payable after credits: Rs 3,82,08,430.
• Penalty proceedings under section 270A initiated separately.

Resolutions overview

• Item 1 (Special): Appointment of Mr. Asesh Kumar Mukherjee as Director, term subject to rotation.
• Item 2 (Special): Appoint Mr. Mukherjee as Managing Director for five years (Aug 26, 2026–Aug 25, 2031).
• Outcome: Not disclosed in the Notice.
• Remuneration framework: MD remuneration up to INR 2.90 million/month; max INR 34.80 million/year.
• Term: 5-year tenure from Aug 26, 2026 to Aug 25, 2031; retirement by rotation.
• Experience: Mukherjee has 35+ years in manufacturing; roles at ITC, BILT, DIC India, Siegwerk.
• Shareholding: Nil shares held by Mukherjee in the company.
• Voting window: Remote e-voting 17 Sep–16 Oct 2026; cut-off date 11 Sep 2026.
• Scrutinizer: CS P C Jain; results announced within two working days after voting end.

KMPs authorized for materiality and disclosures

• Board meeting on 26 August 2026 authorized these KMP designations.
• KMPs named for materiality: Asesh Kumar Mukherjee (MD/CEO), Kalyan Dasgupta (CFO), Deepak Behl (CS & CO).
• For disclosures to stock exchanges, Deepak Behl designated as Company Secretary & Compliance Officer.

MD & Additional Director appointment

• Type of change: Appointment of Additional Director and Managing Director.
• Name and designation: Mr. Asesh Kumar Mukherjee, Additional Director and MD.
• Effective date and tenure: 26 Aug 2026 to 25 Aug 2031 (5 years).
• Subject to shareholder approval via postal ballot.
• Reason: Board-approved on NRC recommendation.
• Profile: Mechanical Engineering (Jadavpur); Exec PGDBM (University of Indianapolis); Fellow IEI; 3.5+ decades in manufacturing leadership.
• Industries: paper, packaging, chemicals, and steel.
• Not a current board/committee member.
• Not debarred by SEBI or any authority.
• Liable to retire by rotation; subject to shareholders' approval.
• Relationships with other directors: None.

Cessation of MD and Director

• Krishna Kumar Rajamohannair, MD, ceased as Director and MD after AGM rejected re-appointment (19 Aug 2026).

AGM details

• AGM held on 19 August 2026 via Video Conferencing/OAVM.
• Record date for voting: 12 August 2026.
• Total shareholders on record: 5,432.
• Attendees: 55 via VC; Promoter Group 1, Public 54.

Key resolutions

• Item 1 (Ordinary): Adopt Audited Financial Statements for year ended 31 March 2026.
• Item 2 (Ordinary): Declare dividend of Rs 10 per equity share.
• Item 3 (Ordinary): Re-appointment of Mr. R. Krishna Kumar; not approved.
• Item 4 (Ordinary): Approve Material Related Party Transactions.

Dividend

• Dividend Rs 10 per equity share approved.

Director changes

• Mr. R. Krishna Kumar re-appointment not approved.

RPTs and other approvals

• Material related party transactions approved; counterparty or values not disclosed.