Emami Paper Mills logo

Emami Paper Mills CEO, MD, chairman, board of directors and AGM

NSE: EMAMIPAPBSE: 533208Paper, Forest & Jute ProductsSmall Cap

Last close ₹107.67down ₹5.23 (4.63%)BSE ₹107.50

Share price at the NSE close on 23 Oct 2026. Previous close ₹112.90.

52-week range of traded prices to 23 Oct 2026
₹55.00Low, 30 Mar 2026₹133.70High, 23 Jul 2026
Market cap
₹651 Cr1,864th largest listed
P/E
7.0
P/B
1.1
Dividend yield
2.97%
ROE
15.0%
ROCE
13.4%
Debt to equity
1.42
Volume, NSE
45,856

Emami Paper Mills board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonADITYA VARDHAN AGARWALRelated to the promoter
  • Chief executiveSUSHIL KUMAR KHETAN
  • Company Secretary and Compliance OfficerSUMIT JAISWAL

10 directors5 independent3 executive2 non-executive

  • ADITYA VARDHAN AGARWAL · ChairpersonExecutive · joined Oct 2000 · reappointed Nov 2024 · 2 listed boards
  • MANISH GOENKAExecutive · joined Feb 2000 · reappointed Jul 2023 · 1 listed board
  • RICHA AGARWALNon-executive · joined Jan 2015 · reappointed Jan 2015 · 1 listed board
  • AMIT KIRAN DEBIndependent · joined Jan 2022 · reappointed Jan 2022 · 54 months as independent · 5 listed boards · 5 as independent · 7 committee seats, 4 as chair
  • SUMIT BANERJEEIndependent · joined Jan 2022 · reappointed Jan 2022 · 54 months as independent · 3 listed boards · 3 as independent · 2 committee seats
  • MAMTA BINANIIndependent · joined Aug 2020 · reappointed Aug 2025 · 71 months as independent · 7 listed boards · 6 as independent · 7 committee seats, 2 as chair
  • RANJIT KUMAR PACHNANDAIndependent · joined Apr 2024 · reappointed Apr 2024 · 27 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
  • NIRAJ JALANIndependent · joined Apr 2024 · reappointed Apr 2024 · 27 months as independent · 2 listed boards · 1 as independent · 3 committee seats, 1 as chair
  • PITAMBER SHARAN PATWARINon-executive · joined Nov 1994 · reappointed Dec 2023 · 1 listed board · 1 as independent · 2 committee seats
  • SUSHIL KUMAR KHETAN · Chief executiveExecutive · joined Dec 2025 · 1 listed board · 1 as independent · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • VIVEK CHAWLA, left 5 Dec 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 28 May 20269 of 10 present4 independent · 85 days in between
    • 3 Mar 20268 of 10 present3 independent · 18 days in between
    • 12 Feb 20269 of 10 present5 independent
  • Audit Committee

    Chair AMIT KIRAN DEB

    SUMIT BANERJEE, RANJIT KUMAR PACHNANDA, NIRAJ JALAN, PITAMBER SHARAN PATWARI

    • 28 May 20265 of 5 present4 independent · 104 days in between
    • 12 Feb 20265 of 5 present4 independent
  • Nomination and remuneration committee

    Chair AMIT KIRAN DEB

    SUMIT BANERJEE, RANJIT KUMAR PACHNANDA, NIRAJ JALAN

    • 28 May 20264 of 4 present4 independent · 85 days in between
    • 3 Mar 20264 of 4 present4 independent
  • Stakeholders Relationship Committee

    Chair NIRAJ JALAN

    AMIT KIRAN DEB, PITAMBER SHARAN PATWARI, SUSHIL KUMAR KHETAN

    No meeting listed in the filing.

  • Risk Management Committee

    Chair AMIT KIRAN DEB

    NIRAJ JALAN, PITAMBER SHARAN PATWARI, SUSHIL KUMAR KHETAN

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair PITAMBER SHARAN PATWARI

    MAMTA BINANI, SUMIT BANERJEE, RANJIT KUMAR PACHNANDA, RICHA AGARWAL, SUSHIL KUMAR KHETAN

    • 28 May 20265 of 6 present2 independent
  • FINANCE COMMITTEE

    Chair NIRAJ JALAN

    MANISH GOENKA, PITAMBER SHARAN PATWARI, SUSHIL KUMAR KHETAN

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S K Agrawal and Co Chartered Accountants LLPPeer-review certificate valid to Jul 2028
1 earlier auditor
  • S K Agrawal and Co Chartered Accountants LLP Chartered AccountantsNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Emami Paper Mills AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Emami Paper Mills dividend history

Annual general meeting, 4 Sep 2026

19,930 shareholders on the register on 28 Aug 2026; present: 21 promoters and 57 others; votes counted by Raj Kumar Banthia / MKB & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended on 31st March, 2026, together with the Reports of the Board of Directors and the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 75.04% · promoters 100.00% · institutions 0.04% · other public 0.25%

  2. To declare dividend
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 75.04% · promoters 100.00% · institutions 0.04% · other public 0.25%

  3. To appoint a Director in place of Mr. Manish Goenka (DIN:00363093), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.04%

    Turnout: all 74.34% · promoters 99.07% · institutions 0.04% · other public 0.25%

  4. To appoint a Director in place of Mr. Aditya V. Agarwal (DIN:00149717), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 75.02% · promoters 99.98% · institutions 0.04% · other public 0.25%

  5. To ratify remuneration of Cost Auditor for the financial year ending 31st March, 2027
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 75.04% · promoters 100.00% · institutions 0.04% · other public 0.25%

  6. Revision in the terms of remuneration of Mr. Manish Goenka (DIN:00363093), Vice-Chairman of the Company, for the period from 1st April, 2026 to 30th June, 2026
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 100.00% · other public 7.23%

    Turnout: all 74.34% · promoters 99.07% · institutions 0.04% · other public 0.25%

  7. Re-appointment of Mr. Manish Goenka (DIN: 00363093) as Whole-time Director, designated as Vice Chairman of the Company, for a period of 3 (three) years w.e.f. 1st July, 2026
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.24%

    Turnout: all 74.34% · promoters 99.07% · institutions 0.04% · other public 0.25%

  8. Revision in the terms of remuneration of Mr. Aditya V. Agarwal (DIN - 00149717), Executive Chairman of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 100.00% · other public 7.23%

    Turnout: all 75.02% · promoters 99.98% · institutions 0.04% · other public 0.25%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 8 Jan 2026, 1 resolution

20,273 shareholders on the register on 28 Nov 2025; votes counted by RAJ KUMAR BANTHIA / MKB & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To consider and approve the appointment and payment of remuneration of Shri Sushil Kumar Khetan (DIN:00358577) as a Whole-time Director, liable to retire by rotation, designated as Whole-time Director and Chief Executive Officer (CEO) of the Company.MoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.49%

    Turnout: all 72.52% · promoters 94.97% · institutions 0.04% · other public 5.40%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 3 Sep 2025, 7 resolutions

20,608 shareholders on the register on 27 Aug 2025; present: 29 promoters and 63 others; votes counted by RAJ KUMAR BANTHIA / MKB & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended on 31st March, 2025, together with the Reports of the Board of Directors and the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 81.72% · promoters 99.98% · institutions 87.12% · other public 25.63%

  2. To declare dividend @ 8% p.a., i.e. Rs. 8/- per Preference Share of the face value of Rs 100/- each and @ 80 % i.e. Rs. 1.60/- per Equity Share of the face value of Rs 2/- each for the financial year 2024-25.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 81.72% · promoters 99.98% · institutions 87.12% · other public 25.63%

  3. To appoint a Director in place of Mrs. Richa Agarwal (DIN: 01505726), who retires by rotation and being eligible, offers herself for reappointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.04% · other public 0.00%

    Turnout: all 81.72% · promoters 99.98% · institutions 87.12% · other public 25.63%

  4. To appoint a Director in place of Mr. P.S.Patwari (DIN: 00363356), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 81.72% · promoters 99.98% · institutions 87.12% · other public 25.63%

  5. To ratify the remuneration payable to M/s. V. K. Jain & Co, Cost Accountants (Firm Registration No: 00049) financial year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 81.72% · promoters 99.98% · institutions 87.12% · other public 25.63%

  6. To approve the appointment of M/s. MKB and Associates,peer reviewed firm of Company Secretaries (Firm Registration No:P2010WB042700) as Secretarial Auditor for a term of 5 (five) consecutive years commencing from April 1, 2025 and ending on March 31, 2030, and fix their remuneration in this regardMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 81.72% · promoters 99.98% · institutions 87.12% · other public 25.63%

  7. Approval under Regulation 17(6)(ca) of SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015 for payment of remuneration to Mr. Pitamber Sharan Patwari (DIN:00363356) as Non-Executive Non-Independent Director of the Company for the financial year 2025-26.MoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.04% · other public 0.09%

    Turnout: all 81.72% · promoters 99.98% · institutions 87.12% · other public 25.63%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 2 Aug 2025, 2 resolutions

21,357 shareholders on the register on 27 Jun 2025; votes counted by RAJ KUMAR BANTHIA / MKB & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Approval for variation in terms of Preference Shareholders from Series II Tranche I from Optionally Convertible Non-Cumulative Redeemable Preference Shares (OCRPS) to Non-Convertible Non-Cumulative Redeemable Preference Shares (NCRPS).MoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.71%

    Turnout: all 71.32% · promoters 94.95% · institutions 0.04% · other public 0.53%

  2. Re-appointment of Mrs.Mamta Binani (DIN:00462925) as an Independent Director of the Company for a second term of 5 (five) consecutive years.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 99.24% · other public 11.82%

    Turnout: all 71.32% · promoters 94.95% · institutions 0.04% · other public 0.53%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 20 Mar 2025, 1 resolution

21,578 shareholders on the register on 7 Feb 2025; votes counted by Manoj Kumar Banthia / MKB & Associates.The company's voting result (opens in a new tab)

  1. APPROVAL FOR VARIATION IN TERMS OF PREFERENCE SHAREHOLDERS FROM SERIES I OPTIONALLY CONVERTIBLE NON-CUMULATIVE REDEEMABLE PREFERENCE SHARES (OCRPS) TO NON-CONVERTIBLE NON-CUMULATIVE REDEEMABLE PREFERENCE SHARES (NCRPS).MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 81.11% · promoters 99.98% · institutions 4.61% · other public 25.01%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 6 Oct 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Aditya V. Agarwal (DIN: 00149717) as Whole-time Director, designated as Executive Chairman of the Company, for a period of 3 (three) years w.e.f 1st November, 2024
    Special
    98.90% for1.10% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.12%

    Turnout: all 78.34% · promoters 95.00% · institutions 62.42% · other public 26.49%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Aug 2024, 6 resolutions

Present: 29 promoters and 57 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended on 31st March, 2024, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 83.15% · promoters 100.00% · institutions 98.84% · other public 28.53%

  2. To declare dividend @ 8% p.a., i.e. Rs. 8/- per Preference Share of the face value of Rs 100/- each and @ 80 % i.e. Rs. 1.60/- per Equity Share of the face value of Rs 2/- each for the financial year 2023-24.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 83.15% · promoters 100.00% · institutions 98.84% · other public 28.53%

  3. To appoint a Director in place of Mr. Aditya V. Agarwal (DIN:00149717), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 83.15% · promoters 100.00% · institutions 98.84% · other public 28.53%

  4. To appoint a Director in place of Mr. Vivek Chawla (DIN: 02696336), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 83.15% · promoters 100.00% · institutions 98.84% · other public 28.53%

  5. Ratification of Remuneration to Cost Auditors for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 83.15% · promoters 100.00% · institutions 98.84% · other public 28.53%

  6. Approval under Regulation 17(6)(ca) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for payment of remuneration to Mr. Pitamber Sharan Patwari (DIN:00363356) as Non-Executive Non-Independent Director of the Company for the financial year 2024-2025.MoreLess
    Special
    98.85% for1.15% against

    Against: promoters 0.00% · institutions 65.81% · other public 0.00%

    Turnout: all 83.15% · promoters 100.00% · institutions 98.84% · other public 28.53%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 11 May 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Shri Ranjit Kumar Pachnanda (DIN- 03358887) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.46%

    Turnout: all 78.07% · promoters 100.00% · institutions 85.86% · other public 0.38%

  2. Appointment of Shri Niraj Jalan (DIN- 00551970) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.31%

    Turnout: all 78.07% · promoters 100.00% · institutions 85.86% · other public 0.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 6 Oct 2024, 1 fund house

  • Re-appointment of Mr. Aditya V. Agarwal (DIN: 00149717) as Whole-time Director, designated as Executive Chairman of the Company, for a period of 3 (three) years w.e.f 1st November, 2024
    Against HSBC Mutual Fund
    • HSBC Mutual FundThe company has not provided an absolute monetary cap on the commission element. This could lead to discretionary payouts. There are no disclosures on the threshold and target performance that the executives need to achieve to determine the commission and incentive remuneration. Aditya V. Agarwal will be paid minimum remuneration irrespective of the company's financial performance during his remaining tenure.
    0 for1 against

Mutual fund votes, meeting of 28 Aug 2024, 1 fund house

  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended on 31st March, 2024, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    1 for0 against
  • To declare dividend @ 8% p.a., i.e. Rs. 8/- per Preference Share of the face value of Rs 100/- each and @ 80 % i.e. Rs. 1.60/- per Equity Share of the face value of Rs 2/- each for the financial year 2023-24.MoreLess
    1 for0 against
  • To appoint a Director in place of Mr. Aditya V. Agarwal (DIN:00149717), who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • To appoint a Director in place of Mr. Vivek Chawla (DIN: 02696336), who retires by rotation and being eligible, offers himself for re-appointment
    1 for0 against
  • Ratification of Remuneration to Cost Auditors for the financial year 2024-25.
    1 for0 against
  • Approval under Regulation 17(6)(ca) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for payment of remuneration to Mr. Pitamber Sharan Patwari (DIN:00363356) as Non-Executive Non-Independent Director of the Company for the financial year 2024-2025.MoreLess
    Against HSBC Mutual Fund
    • HSBC Mutual FundThe proposed quantum of remuneration is deemed high for a non-executive role compared to industry standards. The pay structure comprises a fixed element, which is more indicative of an executive role within the company.
    0 for1 against
1 earlier meeting

Mutual fund votes, meeting of 11 May 2024, 1 fund house

  • Appointment of Shri Ranjit Kumar Pachnanda (DIN- 03358887) as an Independent Director of the Company.
    1 for0 against
  • Appointment of Shri Niraj Jalan (DIN- 00551970) as an Independent Director of the Company.
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeGoods and Service Tax (GST) AuthoritySince 8 Aug 2024
    There is no change in the status since last disclosure.
    At the filing before: As on 31st March, 2026 the update/current status in the matter of 6 SCN's order passed is as below: 1st SCN - Demand Dropped. Matter closed. 2nd SCN - Demand of Rs. 2,04,896 plus interest and penalty has been paid by the Company. 3rd SCN - For the Demand of Rs.5,54.632 plus interest and penalty, the Company has filed a Writ Petition before the Hon'ble High Court at Cuttack. The matter is pending as on 31st March,2026. 4th SCN - Demand of Rs. 2,139 plus interest and penalty has been paid by the Company.Matter closed. 5th SCN - For the Demand of Rs. 9.62 crores plus interest and penalty, the Company has filed a writ petition before the Hon'ble High Court at Cuttack. The matter is pending as on 31st March,2026. 6th SCN - Please refer our letter dated 17th April,2025 vide which we have informed that Demand of IGST amounting to Rs. 67,917 has been dropped.Matter closed.MoreLess
  • Tax disputeGoods and Service Tax (GST) AuthoritySince 23 Aug 2024
    There is no change in the status since last disclosure.
    At the filing before: The Company has filed a Writ Petition before the Hon'ble High Court at Cuttack and the matter is pending as on 31st March,2026.

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.