Kuantum Papers Limited has informed the Exchange about change in Management
KUANTUM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kuantum Papers Limited held its Board meeting on May 26, 2026, approving audited financial results for FY ended March 2026. Total revenue stood at Rs. 1,093.16 crore (down from Rs. 1,107.04 crore), while net profit declined significantly to Rs. 41.95 crore compared to Rs. 115.18 crore in the previous year, representing a 64% drop. The Board recommended a dividend of Rs. 2.50 per equity share (250% on face value of Re. 1), amounting to Rs. 21.82 crore, subject to shareholder approval at the AGM scheduled for August 27, 2026. The Board also re-appointed Shri Pavan Khaitan as Vice Chairman & Managing Director for three years from April 1, 2027, and Shri Jagesh Kumar Khaitan as Director retiring by rotation, both subject to shareholder approval. Cost and Internal Auditors were also re-appointed for FY 2026-27.
While profit declined sharply, the company maintains shareholder returns through dividend. Stable leadership continuity with promoter family re-appointments signals management confidence despite lower earnings. The stock may see neutral to slight negative reaction given the profit decline, but dividend commitment could provide support.