Orient Paper & Industries logo

Orient Paper & Industries CEO, MD, chairman, board of directors and AGM

NSE: ORIENTPPRBSE: 502420Paper, Forest & Jute ProductsSmall Cap

Last close ₹14.96down ₹0.41 (2.67%)BSE ₹14.86

Share price at the NSE close on 23 Oct 2026. Previous close ₹15.37.

52-week range of traded prices to 23 Oct 2026
₹13.25Low, 30 Mar 2026₹26.86High, 23 Oct 2025
Market cap
₹317 Cr1,989th largest listed
P/E
Lossover the last 12 months
P/B
0.2
Dividend yield
Nonein the last 12 months
ROE
−4.7%
ROCE
−5.2%
Debt to equity
0.20
Volume, NSE
1,79,95664.1% delivered

Orient Paper & Industries 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

  • ChairpersonCHANDRA KANT BIRLARelated to the promoter
  • Managing director and CEOANANT AGARWAL
  • Company Secretary and Compliance OfficerRam Prasad Dutta

6 directors4 independent1 executive1 non-executive

  • CHANDRA KANT BIRLA · ChairpersonNon-executive · joined Sep 1978 · reappointed Sep 1978 · 4 listed boards
  • SRINIVASAN VISHVANATHANIndependent · joined Mar 2019 · reappointed Mar 2024 · 90 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • ASHWIN BISHNOIIndependent · joined Aug 2019 · reappointed Aug 2024 · 86 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • RAJ KUMAR AGRAWALIndependent · joined Jan 2020 · reappointed Jan 2025 · 80 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 2 as chair
  • ANANT AGARWAL · Managing director and CEOExecutive · joined Dec 2024 · reappointed Dec 2024 · 1 listed board · 1 committee seat
  • ANURADHA MOOKERJEEIndependent · joined Aug 2026 · 2 months as independent · 4 listed boards · 4 as independent · 6 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.

2 directors who left
  • GAURI RASGOTRA, left 21 Aug 2026: Tenure Completion
  • ASHWIN J. LADDHA, left 20 Dec 2024: Others

Committees and meetings

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

  • Board

    • 7 Aug 20264 of 6 present2 independent · 89 days in between
    • 9 May 20266 of 6 present4 independent

  • Audit Committee

    Chair SRINIVASAN VISHVANATHAN

    ASHWIN BISHNOI, RAJ KUMAR AGRAWAL, ANURADHA MOOKERJEE

    • 7 Aug 20262 of 4 present2 independent · 89 days in between
    • 9 May 20262 of 4 present2 independent

  • Nomination and remuneration committee

    Chair SRINIVASAN VISHVANATHAN

    ASHWIN BISHNOI, RAJ KUMAR AGRAWAL

    • 7 Aug 20262 of 3 present2 independent · 38 days in between
    • 29 Jun 20262 of 3 present2 independent · 50 days in between
    • 9 May 20262 of 3 present2 independent

  • Stakeholders Relationship Committee

    ANURADHA MOOKERJEE, SRINIVASAN VISHVANATHAN, ANANT AGARWAL

    No meeting listed in the filing.

  • Risk Management Committee

    Chair RAJ KUMAR AGRAWAL

    ANURADHA MOOKERJEE, SRINIVASAN VISHVANATHAN

    • 6 Aug 20262 of 3 present2 independent

  • Corporate Social Responsibility Committee

    ANURADHA MOOKERJEE, ASHWIN BISHNOI, ANANT AGARWAL

    • 5 May 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 Jun 2026.

  • BSR & Co. LLPPeer-review certificate valid to Jul 2028

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.

Orient Paper & Industries 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.Orient Paper & Industries dividend history

Postal ballot, 15 Oct 2026

97,349 shareholders on the register on 4 Sep 2026; votes counted by ATUL KUMAR LABH / LABH & LABH ASSOCIATES.The company's voting result (opens in a new tab)

  1. To approve the appointment of Mrs. Anuradha Mookerjee (DIN: 10174271), as an Independent Director of the Company
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 51.69% · promoters 100.00% · institutions 92.13% · other public 18.42%

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, 31 Jul 2026, 3 resolutions

98,367 shareholders on the register on 24 Jul 2026; present: 17 promoters and 52 others; votes counted by Atul Kumar Labh / Labh & Labh Associates.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Report of the Board of Directors and the Statutory Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 49.83% · promoters 100.00% · institutions 85.17% · other public 15.60%

  2. Re-appointment of Mr. Chandra Kant Birla (DIN: 00118473), who retires by rotation at this Annual General Meeting and, being eligible, offers himself for re-appointment.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.54%

    Turnout: all 49.83% · promoters 100.00% · institutions 85.17% · other public 15.60%

  3. Ratification of remuneration payable to Cost Auditor
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 49.83% · promoters 100.00% · institutions 85.17% · other public 15.60%

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, 29 Aug 2025, 5 resolutions

1,07,215 shareholders on the register on 22 Aug 2025; present: 17 promoters and 47 others; votes counted by Atul Kumar Labh / A. K. Labh & Co..The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements of the Company for the financial year ended 31st March, 2025, together with the Report of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 50.17% · promoters 100.00% · institutions 86.79% · other public 15.61%

  2. Re-appointment of Mr. Chandra Kant Birla (DIN: 00118473) as a director, who retires by rotation.
    Ordinary
    99.03% for0.97% against

    Against: promoters 0.00% · institutions 21.28% · other public 0.03%

    Turnout: all 50.17% · promoters 100.00% · institutions 86.79% · other public 15.61%

  3. Appointment of Secretarial Auditor of the Company for a period of 5 consecutive years from 2025-26 to 2029-30.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 50.17% · promoters 100.00% · institutions 86.79% · other public 15.61%

  4. Ratification of remuneration payable to Cost Auditor of the Company for the financial year ending 31st March, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 50.17% · promoters 100.00% · institutions 86.79% · other public 15.61%

  5. Alteration of Articles of Association of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 50.17% · promoters 100.00% · institutions 86.79% · other public 15.61%

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, 18 Mar 2025, 4 resolutions

1,08,833 shareholders on the register on 7 Feb 2025; votes counted by ATUL KUMAR LABH / A.K. LABH & CO..The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Raj Kumar Agrawal (DIN: 00177578) as an Independent Director
    SpecialPromoters have an interest in it
    97.58% for2.42% against

    Against: promoters 0.00% · institutions 32.01% · other public 1.50%

    Turnout: all 53.12% · promoters 100.00% · institutions 86.08% · other public 19.02%

  2. Appointment of Mr. Anant Agarwal (DIN: 02640025) as a Director of the Company.
    OrdinaryPromoters have an interest in it
    99.70% for0.30% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.47%

    Turnout: all 53.12% · promoters 100.00% · institutions 86.08% · other public 19.02%

  3. Appointment of Mr. Anant Agarwal (DIN: 02640025) as the Managing Director & Chief Executive Officer of the Company.
    OrdinaryPromoters have an interest in it
    99.70% for0.30% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.47%

    Turnout: all 53.12% · promoters 100.00% · institutions 86.08% · other public 19.02%

  4. Approval of the Terms of remuneration of Mr. Anant Agarwal (DIN: 02640025) as the Managing Director & Chief Executive Officer of the Company
    SpecialPromoters have an interest in it
    96.48% for3.52% against

    Against: promoters 0.00% · institutions 48.72% · other public 1.50%

    Turnout: all 53.12% · promoters 100.00% · institutions 86.08% · other public 19.02%

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, 2 Aug 2024, 6 resolutions

Present: 17 promoters and 53 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2024, together with the Report of the Board of Directors and Auditors thereon.
    Ordinary
    99.99% for0.01% against

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

    Turnout: all 54.76% · promoters 100.00% · institutions 91.13% · other public 19.31%

  2. To declare dividend of Re. 0.25/- (25%) per equity share of face value of Re. 1/- each for the Financial Year ended 31st March, 2024.
    Ordinary
    100.00% for0.01% against

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

    Turnout: all 54.76% · promoters 100.00% · institutions 91.13% · other public 19.31%

  3. To appoint a Director in place of Mr. Chandra Kant Birla (DIN: 00118473), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 54.76% · promoters 100.00% · institutions 91.13% · other public 19.31%

  4. To Re-appoint of Mr. Ashwin Bishnoi (DIN: 06862466) as an Independent Director
    Special
    93.94% for6.05% against

    Against: promoters 0.00% · institutions 62.24% · other public 0.04%

    Turnout: all 54.76% · promoters 100.00% · institutions 91.13% · other public 19.31%

  5. To revise the remuneration payable to Mr. Ashwin J. Laddha (DIN: 09538310), Managing Director & Chief Executive Officer of the Company
    Special
    93.56% for6.44% against

    Against: promoters 0.00% · institutions 66.22% · other public 0.03%

    Turnout: all 54.76% · promoters 100.00% · institutions 91.13% · other public 19.30%

  6. To ratify and confirm of remuneration payable to the Cost Auditor of the Company for the financial year 2024-25
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.76% · promoters 100.00% · institutions 91.13% · other public 19.30%

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 Mar 2024, 1 resolution

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

  1. Re-appointment of Mr. Srinivasan Vishvanathan (DIN: 02255828) as an Independent Director
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 54.83% · promoters 100.00% · institutions 93.73% · other public 19.38%

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.

Postal ballot, 8 Nov 2023, 1 resolution

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

  1. To approve Orient Paper & Industries Limited- Employee Stock Option Scheme 2023
    Special
    90.29% for9.71% against

    Against: promoters 0.00% · institutions 56.77% · other public 0.24%

    Turnout: all 58.15% · promoters 100.00% · institutions 88.41% · other public 19.01%

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.

Annual general meeting, 8 Aug 2023, 6 resolutions

Present: 17 promoters and 43 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2023 together with Report of the Board of Directors and Auditors’ thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 56.01% · promoters 100.00% · institutions 73.96% · other public 18.04%

  2. To declare dividend of Re. 1 (100%) per equity share of face value of Re. 1/- each for the financial year ended 31st March, 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 56.01% · promoters 100.00% · institutions 73.96% · other public 18.04%

  3. Appointment of a Director in place of Shri C. K. Birla (DIN: 00118473), 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 0.02%

    Turnout: all 56.01% · promoters 100.00% · institutions 73.96% · other public 18.04%

  4. To ratify and confirm remuneration payable to the Cost Auditor of the Company for the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 56.01% · promoters 100.00% · institutions 73.96% · other public 18.04%

  5. To revise the remuneration payable to Mr. Ashwin J. Laddha, Managing Director & Chief Executive Officer of the Company.
    Special
    93.82% for6.18% against

    Against: promoters 0.00% · institutions 42.02% · other public 0.04%

    Turnout: all 56.01% · promoters 100.00% · institutions 73.96% · other public 18.04%

  6. To waive excess remuneration paid to Mr. Ashwin J. Laddha, Managing Director & Chief Executive Officer of the Company.
    Special
    99.98% for0.02% against

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

    Turnout: all 56.01% · promoters 100.00% · institutions 73.96% · other public 18.04%

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 18 Mar 2025, 1 fund house

  • Re-appointment of Mr. Raj Kumar Agrawal (DIN: 00177578) as an Independent Director
    Against HSBC Mutual Fund
    • HSBC Mutual FundWe are voting against this Nomination Committee member as we have concerns about insufficient gender diversity of the board.
    0 for1 against
  • Appointment of Mr. Anant Agarwal (DIN: 02640025) as a Director of the Company.
    1 for0 against
  • Appointment of Mr. Anant Agarwal (DIN: 02640025) as the Managing Director & Chief Executive Officer of the Company.
    1 for0 against
  • Approval of the Terms of remuneration of Mr. Anant Agarwal (DIN: 02640025) as the Managing Director & Chief Executive Officer of the Company
    Against HSBC Mutual Fund
    • HSBC Mutual FundThe company has not disclosed the performance targets that would determine the payout under the performance linked compensation/variable pay and long term incentive. His estimated pay is aggressively positioned when compared to peers with similar size and scale of business operations. Anant Agarwal will be paid minimum remuneration irrespective of the company's financial performance during his tenure.
    0 for1 against

Mutual fund votes, meeting of 2 Aug 2024, 1 fund house

  • To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2024, together with the Report of the Board of Directors and Auditors thereon.
    1 for0 against
  • To declare dividend of Re. 0.25/- (25%) per equity share of face value of Re. 1/- each for the Financial Year ended 31st March, 2024.
    1 for0 against
  • To appoint a Director in place of Mr. Chandra Kant Birla (DIN: 00118473), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    1 for0 against
  • To Re-appoint of Mr. Ashwin Bishnoi (DIN: 06862466) as an Independent Director
    Against HSBC Mutual Fund
    • HSBC Mutual FundWe have concerns about the director's attendance at board meetings.Ashwin Bishnoi is being considered as non-independent under our guidelines given his professional relationship with the company and hence his re-appointment as an independent director is not considered warranted.
    0 for1 against
  • To revise the remuneration payable to Mr. Ashwin J. Laddha (DIN: 09538310), Managing Director & Chief Executive Officer of the Company
    Against HSBC Mutual Fund
    • HSBC Mutual FundThe company has not disclosed the objective parameters which would be used to determine the outcome under the performance linked incentive element.There are concerns on the historic alignment of pay with the performance of the company.Ashwin J. Laddha will be paid minimum remuneration irrespective of the company's financial performance during his tenure.
    0 for1 against
  • To ratify and confirm of remuneration payable to the Cost Auditor of the Company for the financial year 2024-25
    1 for0 against
3 earlier meetings

Mutual fund votes, meeting of 21 Mar 2024, 1 fund house

  • Re-appointment of Mr. Srinivasan Vishvanathan (DIN: 02255828) as an Independent Director
    1 for0 against

Mutual fund votes, meeting of 8 Nov 2023, 3 fund houses

  • To approve Orient Paper & Industries Limited- Employee Stock Option Scheme 2023
    Against HSBC Mutual Fund, Nippon India Mutual Fund
    • HSBC Mutual FundThe scheme permits stock options to be issued with an exercise price at a discount to the market price, as on grant date.It is unclear if vesting criteria would be based on certain performance conditions.
    • Nippon India Mutual FundInadequate disclosure
    1 for2 against

Mutual fund votes, meeting of 8 Aug 2023, 3 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2023 together with Report of the Board of Directors and Auditors’ thereon.
    2 for0 against
  • To declare dividend of Re. 1 (100%) per equity share of face value of Re. 1/- each for the financial year ended 31st March, 2023.
    2 for0 against
  • Appointment of a Director in place of Shri C. K. Birla (DIN: 00118473), who retires by rotation and being eligible, offers himself for re-appointment.
    2 for0 against
  • To ratify and confirm remuneration payable to the Cost Auditor of the Company for the financial year 2023-24.
    2 for0 against
  • To revise the remuneration payable to Mr. Ashwin J. Laddha, Managing Director & Chief Executive Officer of the Company.
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns in the executive's remuneration:• Ashwin J. Laddha will be paid the proposed remuneration irrespective of the company's financial performance during his tenure.• There are no defined pay metrics and the performance targets which will be used to determine the payoutcome under this element.
    1 for1 against
  • To waive excess remuneration paid to Mr. Ashwin J. Laddha, Managing Director & Chief Executive Officer of the Company.
    2 for0 against
1 proposal not matched to one resolution
  • 1. To consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2023, together with the Report of the Board of Directors and Auditors thereon. 2. To declare dividend of Re. 1/- (100%) per equity share of face value of Re. 1/- each for the financial year ended 31st March, 2023. 3. To appoint a director in place of Mr. Chandra Kant Birla (DIN: 00118473), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment. 4. To ratify and confirm remuneration payable to the Cost Auditor of the Company for the financial year 2023-24. 5. To revise the remuneration payable to Mr. Ashwin J. Laddha, Managing Director & CEO of the Company 6. To waive excess remuneration paid to Mr. Ashwin J. Laddha, Managing Director & Chief Executive Officer of the Company.MoreLess
    1 for0 against

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

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

At most 1 complaint open, quarter to Dec 2024.
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
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.