Malu Paper Mills CEO, MD, chairman, board of directors and AGM
NSE: MALUPAPERBSE: 532728Paper, Forest & Jute ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹30.41.
- Next results date: the board meets on 30 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹57 Cr3,346th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
- Shares changed
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business.
- Net worth zero or below
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 23 Jul 2026
- −1.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- Net worth zero or below
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 7,58789.3% delivered
Malu Paper Mills board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing director and CEOPunamchand MaluRelated to the promoter
- Managing directorBanwarilal Malu
- Company Secretary and Compliance OfficerMayuri Asawa
8 directors4 independent2 executive2 non-executive
- Punamchand Malu · Chairperson and managing director and CEOExecutive · joined Jan 1994 · reappointed Apr 2025 · 393 months as independent · 1 listed board
- Banwarilal Malu · Managing directorExecutive · joined Jan 1994 · reappointed Apr 2025 · 393 months as independent · 1 listed board · 1 committee seat
- Vasudeo MaluNon-executive · joined Jan 1994 · reappointed Aug 2025 · 393 months as independent · 1 listed board
- Purshottam MaluNon-executive · joined Nov 2020 · reappointed Sep 2024 · 71 months as independent · 1 listed board
- Sahil AgrawalIndependent · joined Nov 2020 · reappointed Nov 2020 · 71 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Vijaykumar Mulchandji SardaIndependent · joined Sep 2024 · reappointed Sep 2024 · 24 months as independent · 1 listed board · 1 as independent
- Rajesh Nandkishore SardaIndependent · joined Sep 2024 · reappointed Sep 2024 · 24 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Surabhi Pankaj GandhiIndependent · joined Sep 2024 · reappointed Sep 2024 · 24 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
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.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 28 Aug 20265 of 8 present2 independent · 35 days in between
- 23 Jul 20267 of 8 present4 independent · 55 days in between
- 28 May 20266 of 8 present3 independent
Audit Committee
Chair Sahil Agrawal
Rajesh Nandkishore Sarda, Surabhi Pankaj Gandhi
- 28 Aug 20263 of 3 present2 independent · 35 days in between
- 23 Jul 20263 of 3 present3 independent · 55 days in between
- 28 May 20262 of 3 present2 independent
Nomination and remuneration committee
Chair Vijaykumar Mulchandji Sarda
Purshottam Malu, Sahil Agrawal
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair Surabhi Pankaj Gandhi
Banwarilal Malu, Rajesh Nandkishore Sarda
- 28 Aug 20262 of 3 present1 independent
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.
- DEMBLE RAMANI AND COMPANYPeer-review certificate valid to Nov 2027
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.
Malu 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.Malu Paper Mills share news and announcements
Annual general meeting, 23 Sep 2026
9,400 shareholders on the register on 15 Sep 2026; present: 23 promoters and 15 others; votes counted by CS. Priyanka Mundra Tapadia / CS. Priyanka Mundra Tapadia.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Standalone Financial Statements for the financial year ended on 31st March 2026 together with the Reports of the Board of Directors and the Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 70.07% · promoters 98.63% · institutions 0.00% · other public 4.05%
- To appoint a director in place of Mr. Purushottam Malu (DIN: 01720007), who retires by rotation and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 70.07% · promoters 98.63% · institutions 0.00% · other public 4.05%
- Appointment of Secretarial Auditor for a term of five consecutive financial years from FY 2026-27 to FY 2030-31 and fixation of remunerationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 70.07% · promoters 98.63% · institutions 0.00% · other public 4.05%
- Ratification of Cost Auditor’s Remuneration for the financial year 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 70.07% · promoters 98.63% · institutions 0.00% · other public 4.05%
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, 21 Aug 2025, 5 resolutions
9,898 shareholders on the register on 13 Aug 2025; present: 21 promoters and 19 others; votes counted by CS PRIYANKA AKHILESH JAISWAL / PRIYANKA JAISWAL & ASSOCIATES.The company's voting result (opens in a new tab)
- Adoption of the Audited Standalone Financial Statements of the Company for the year ended 31st March 2025Ordinary99.99% for0.01% against
Against: promoters 0.00% · other public 0.50%
Turnout: all 63.25% · promoters 88.86% · other public 4.06%
- Re-appointment of Shri. Vasudeo Malu (DIN: 00301313), who retired by rotation and, being eligible, offered himself for re-appointmentOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · other public 0.50%
Turnout: all 63.25% · promoters 88.86% · other public 4.06%
- Re-appointment of CA. Sahil Shankar Agrawal (DIN: 02690403) as a Non-Executive Independent Director for a second term of five yearsSpecial99.99% for0.01% against
Against: promoters 0.00% · other public 0.50%
Turnout: all 63.25% · promoters 88.86% · other public 4.06%
Appointment of CS V. Ramachandran, Practicing Company Secretary, Nagpur, as the Secretarial Auditor of the Company for five consecutive financial years commencing from FY 2025–26 to FY 2029–30 and fixation of remunerationMoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · other public 0.50%
Turnout: all 63.25% · promoters 88.86% · other public 4.06%
- Ratification of Cost Auditor's Remuneration for the financialyear 2025-26Ordinary99.99% for0.01% against
Against: promoters 0.00% · other public 0.50%
Turnout: all 63.25% · promoters 88.86% · other public 4.06%
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, 21 Jun 2025, 2 resolutions
10,436 shareholders on the register on 16 May 2025; votes counted by CS. Rashmi Sagar Mitkary / M/S. Rashmi Mitkary, Company Secretary.The company's voting result (opens in a new tab)
- Re-appointment of Shri. Punamchand Malu (DIN: 00301030) as the Managing Director & CEO of the CompanySpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.91%
Turnout: all 62.70% · promoters 87.75% · institutions 0.00% · other public 4.80%
- Re-appointment of Shri. Banwarilal Malu (DIN: 00301297) as a Jt. Managing Director of the Company.OrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.91%
Turnout: all 62.70% · promoters 87.75% · institutions 0.00% · other public 4.80%
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, 24 Sep 2024, 6 resolutions
Present: 14 promoters and 21 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Standalone Financial Statements for the financial year ended on 31st March 2024 together with the Reports of the Board of Directors and the Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 56.50% · promoters 78.13% · institutions 0.00% · other public 6.52%
- To appoint a Director in place of Shri. Purshottam Ramlal Malu (DIN: 01720007), who retire by rotation and being eligible, offer himself for re-appointment.OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.16%
Turnout: all 56.50% · promoters 78.13% · institutions 0.00% · other public 6.53%
- To appoint Mr. Vijaykumar Mulchandji Sarda (DIN: 10727783), as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 56.50% · promoters 78.13% · institutions 0.00% · other public 6.53%
- To appoint CA. Rajesh Nandkishore Sarda (DIN: 10727785), as an Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 56.50% · promoters 78.13% · institutions 0.00% · other public 6.53%
- To appoint CS. Surabhi Pankaj Gandhi (DIN: 10729302), as an Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 56.50% · promoters 78.13% · institutions 0.00% · other public 6.53%
- Ratification of Cost Auditor’s Remuneration for the financial year ending 31st March 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 56.50% · promoters 78.13% · institutions 0.00% · other public 6.53%
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.
Annual general meeting, 27 Sep 2023, 3 resolutions
Present: 20 promoters and 19 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Standalone Financial Results for the year ended on 31st March, 2023 along with the reports of Director and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.55% · promoters 78.65% · institutions 35.06% · other public 0.00%
- To appoint a Director in place of Shri Vasudeo Bhawarlal Malu (DIN: 00301313), who retire by rotation and being eligible, offer himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.00%
Turnout: all 65.55% · promoters 78.65% · institutions 35.06% · other public 0.00%
- To ratify the remuneration of Cost Auditors for the financial year 2023-2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.55% · promoters 78.65% · institutions 35.06% · other public 0.00%
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 Sep 2022, 5 resolutions
Present: 21 promoters and 21 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Standalone Financial Results for the financial year ended on 31st March 2022 together with the Reports of the Board of Directors and the Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 67.59% · promoters 94.45% · institutions 0.00% · other public 5.07%
- To appoint a Director in place of Shri. Purshottam Ramlal Malu (DIN: 01720007), who retires by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 67.59% · promoters 94.45% · institutions 0.00% · other public 5.06%
To appoint M/s, Demble Ramani & Co., Chartered Accountants, Nagpur as the Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the 34th Annual General MeetingMoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.41%
Turnout: all 67.59% · promoters 94.45% · institutions 0.00% · other public 5.05%
- Continuation of appointment of Shri Punamchand Malu (Din: 00301030) as an Executive Managing Director & CEO (the whole time key mangerial personnel) of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 67.59% · promoters 94.45% · institutions 0.00% · other public 5.07%
- Ratification of Cost Auditor’s Remuneration for the financial year 2022-23Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 67.59% · promoters 94.45% · institutions 0.00% · other public 5.07%
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, 15 Sep 2021, 6 resolutions
Present: 22 promoters and 24 others.The company's voting result (opens in a new tab)
- 1.tTo receive, consider and adopt the Audited Standalone Financial Results for the financial year ended on 31st March 2021 together with the reports of Board of Directors and the Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 63.06% · promoters 88.56% · institutions 0.00% · other public 3.71%
- 2.tTo appoint a Director in place of Shri Vasudeo Malu (DIN: 00301313), who retire by rotation and being eligible, offer himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 63.06% · promoters 88.56% · institutions 0.00% · other public 3.71%
- 3.tTo appoint the Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the 29th Annual General MeetingOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 63.06% · promoters 88.56% · institutions 0.00% · other public 3.71%
- 4.tTo consider appointment of Mr. Purshottam Ramlal Malu (DIN: 01720007) as a Non-Executive & Non Independent Director of the CompanyOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 63.06% · promoters 88.56% · institutions 0.00% · other public 3.71%
- consider appointment of Mr. Sahil Shankar Agrawal (Din:-02690403) as an Independent Director of the Company.Ordinary0.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 0.00% · promoters 0.00% · institutions 0.00% · other public 0.00%
- 6.tTo ratify the remuneration of Cost Auditors for the financial year ending 31st March 2022Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 63.06% · promoters 88.56% · institutions 0.00% · other public 3.71%
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, 24 Sep 2020, 6 resolutions
Present: 18 promoters and 30 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Results for the year ended on 31st March 2020 along with the reports of the Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- To appoint a Director in place of Shri. Vasudeo Malu (DIN: 00301313), who retire by rotation and being eligible, offer himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
To consider appointment of the Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the 28th Annual General Meeting and to fix their remuneration.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- To consider appointment of Shri Punamchand Malu (DIN: 00301030) as an executive Managing Director &CEO (the whole time key managerial personnel)OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- To consider appointment of Shri Banwarilal Malu (DIN: 00301297) as an executive Jt. Managing Director (whole time key managerial personnel)OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
- To ratify remuneration of cost auditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
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.
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
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- No
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.