PDMJEPAPERNSEPudumjee Paper Products LimitedMediumNeutral
Announced Fri, 22 May · 16:10 IST

Pudumjee Paper Products Limited has informed the Exchange regarding Appointment of Mr Anil Shankarlal Mittal as Non- Executive Independent Director of the company w.e.f. May 22, 2026.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-3.0%1-day move
₹85.30
prior close
₹84.31
base price
After-mkt
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AI summary

Pudumjee Paper Products Limited held its Board Meeting on 22nd May 2026, approving the audited financial results for Q4 and FY ended 31st March 2026. The company reported revenue from operations of Rs. 80,788 lakhs for FY2026 (vs Rs. 80,908 lakhs in FY2025) and profit after tax of Rs. 9,359 lakhs (vs Rs. 9,576 lakhs in FY2025), showing marginal decline. Total assets grew to Rs. 92,037 lakhs from Rs. 76,343 lakhs. The Board recommended a dividend of Rs. 0.60 per equity share (face value Rs. 1/-), payable within 30 days of shareholder approval. Additionally, Mr. Anil Shankarlal Mittal (65 years, DIN: 00040337) was appointed as Additional Director in the capacity of Non-Executive Independent Director for 5 years, effective 22nd May 2026, subject to shareholder approval via Postal Ballot. He comes from Mittal Builders, a real estate construction business family.

Likely market impact

The appointment of an experienced independent director strengthens board governance. The financial results show stable performance with revenue flat and profit slightly lower year-on-year, while the recommended dividend provides shareholder returns. The stock is likely to see neutral to positive reaction given the governance improvement.