Pursuant to the provisions of Regulation 30 and other applicable Regulations, if any, of SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, we hereby submit the outcome of the Meeting of the Board of Directors held today i.e. 1st July,2025.
EMAMIPAP · price
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On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.6 pts more than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors of Emami Paper Mills, at its meeting on 1 July 2025, approved changes to 15,00,000 Optionally Convertible Non-Cumulative Redeemable Preference Shares (OCRPS) of Series II Tranche-I. Since the conversion option has lapsed, these shares will now become Non-Convertible Non-Cumulative Redeemable Preference Shares (NCRPS). The tenure has been extended by 4 years, with the new redemption date set as 12 August 2029. The redemption premium per share has been increased from Rs. 500 to Rs. 717. The Board also approved the re-appointment of Smt. Mamta Binani as an Independent Director for a second term of 5 years effective 13 August 2025. Both items require shareholder approval, which will be sought through a postal ballot, with the cut-off date fixed as 27 June 2025.
For equity shareholders, this is largely a governance and capital-structure update. The extended tenure and higher redemption premium on the preference shares delay an outflow and raise the eventual payout, while the director re-appointment is a routine continuity move. No immediate effect on equity share price is expected, pending the postal ballot outcome.