Kuantum Papers Limited has informed the Exchange about change in Management approved at AGM
KUANTUM · price
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Awaiting price reaction for this filing.
Kuantum Papers held its 28th AGM on 29.08.2025 where shareholders approved a dividend of Rs. 3 per share (300%) on equity shares of Re. 1 each for FY ending March 31, 2025, to be paid within 30 days. The shareholders re-appointed M/s R.J. Goel & Co. as Cost Auditors for FY 2025-26 and M/s O P Bagla & Co. LLP as Statutory Auditors for a second term of five years (till the 33rd AGM in 2030). M/s S.K. Sikka & Associates was newly appointed as Secretarial Auditors for a five-year term. Shri Jagesh Kumar Khaitan was re-appointed as Chairman for three years w.e.f. 17th July 2025, and the remuneration and terms of Shri Pavan Khaitan, Vice Chairman & Managing Director, were revised w.e.f. 01st April 2025. The filing discloses that Chairman Jagesh Kumar Khaitan is the father of Vice Chairman & MD Pavan Khaitan, confirming a promoter-family presence on the board.
The 300% dividend signals healthy cash generation and is a positive return for shareholders, though it will reduce near-term cash reserves. Re-appointments of the Chairman, Statutory Auditors and Cost Auditors point to management continuity, while the MD remuneration revision could marginally affect future operating expenses. Investors should note the disclosed family relationship between the Chairman and the Vice Chairman & MD as a governance factor.