EMAMIPAPBSEEmami Paper Mills LtdMediumNeutral
Announced Thu, 28 May · 16:13 IST

Intimation of the Re-appointment of Shri Manish Goenka as Whole-time Director designated as Vice Chairman of the Company.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+8.2%1-day move
₹80.50
prior close
₹84.19
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After-mkt
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AI summary

Emami Paper Mills held its Board Meeting on May 28, 2026, approving audited FY2026 results. Revenue from operations stood at ₹1,907.23 crore, slightly lower than the previous year's ₹1,928.04 crore. However, profit after tax more than doubled to ₹61.38 crore from ₹26.01 crore in FY2025, driven by better cost management. EPS improved significantly to ₹9.34 from ₹3.49. The Board recommended a dividend of ₹3.20 per equity share (160%) subject to shareholder approval. Additionally, the Board re-appointed Shri Manish Goenka as Whole-time Director designated as Vice Chairman for three years from July 1, 2026 to June 30, 2029, based on the Nomination and Remuneration Committee's recommendation. Cost auditors M/s V.K. Jain & Co. were also appointed for FY2026-27. The statutory auditors issued an unmodified opinion on the financial results.

Likely market impact

Strong financial performance with PAT doubling reflects operational efficiency improvements. The re-appointment of Manish Goenka as Vice Chairman ensures leadership continuity. Positive earnings trajectory and dividend announcement are shareholder-friendly signals.