Orient Paper & Industries Limited has informed the Exchange regarding 'Pursuant to Regulations 30 the Board of Directors of the Company has inter alia considered and approved the sale by the Company of up to 9,06,360 equity shares, representing up to 12.02% of its equity share capital of BirlaNu Limited ( Target Company ), by way of an inter-se transfer in accordance with Regulation 10(1)(a)(ii) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ( Takeover Regulations ) and other applicable laws '.
ORIENTPPR · price
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On the reaction day the stock moved 3.6 pts less than Nifty Microcap 250 and 3.0 pts less 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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Orient Paper & Industries reported audited results for FY25 with revenue from operations rising to Rs. 89,578.83 lacs (from Rs. 83,194.35 lacs last year), but swung to a net loss of Rs. 5,465.84 lacs versus a profit of Rs. 622.53 lacs in FY24. Loss before tax stood at Rs. 8,890.05 lacs, and EPS turned negative at Rs. (2.58) versus Rs. 0.29 earlier. The Paper & Tissue segment posted a loss of Rs. 5,515.73 lacs, while the Chemicals segment remained profitable at Rs. 1,792.91 lacs. The board approved the sale of up to 9,06,360 equity shares (up to 12.02%) of BirlaNu Limited (formerly HIL Limited) to four promoter-group entities via an inter-se transfer at arm's-length pricing under SEBI Takeover Regulations, expected to complete on or after 29th May 2025. New Secretarial Auditor (LABH & LABH Associates, 5-year term), Internal Auditor (Deloitte Haskins & Sells LLP), and Cost Auditor (Mr. Somnath Mukherjee) were also appointed for FY25-26.
Shareholders should note the sharp swing from profit to loss in FY25, mainly driven by the Paper & Tissue segment, which may weigh on the stock sentiment. The BirlaNu share sale is an internal promoter-group reshuffle and is unlikely to materially affect Orient Paper's operations or cash position beyond the cash inflow from the divestment.