Seshasayee Paper and Boards logo

Seshasayee Paper and Boards MD, chairman, board of directors and AGM

NSE: SESHAPAPERBSE: 502450Paper, Forest & Jute ProductsSmall Cap

Last close ₹198.46down ₹5.70 (2.79%)BSE ₹199.05

Share price at the NSE close on 23 Oct 2026. Previous close ₹204.16.

52-week range of traded prices to 23 Oct 2026
₹196.33Low, 23 Oct 2026₹293.11High, 18 Feb 2026
Market cap
₹1,252 Cr1,270th largest listed
P/E
12.6
P/B
0.6
Dividend yield
1.01%
ROE
4.9%
ROCE
3.6%
Debt to equity
0.00
Volume, NSE
46,51871.2% delivered

Seshasayee Paper and Boards 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

  • ChairpersonN Gopalaratnam
  • Company Secretary and Compliance OfficerS SRINIVAS

10 directors5 independent3 executive2 non-executive

  • N Gopalaratnam · ChairpersonExecutive · joined Dec 1987 · reappointed Jun 2025 · 3 listed boards · 3 committee seats, 2 as chair
  • Mohan Verghese ChunkathIndependent · joined Apr 2019 · reappointed Apr 2024 · 90 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • S DurgashankarIndependent · joined Nov 2023 · reappointed Nov 2023 · 35 months as independent · 3 listed boards · 3 as independent · 2 committee seats, 2 as chair
  • Sheela BalakrishnanIndependent · joined Jan 2024 · reappointed Jan 2024 · 33 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • T.C.A. RanganathanIndependent · joined Jul 2024 · reappointed Jul 2024 · 27 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
  • C ChandramouliIndependent · joined Jul 2024 · reappointed Jul 2024 · 27 months as independent · 1 listed board · 1 as independent · 3 committee seats
  • R J RameshNominee, non-executive · joined Jul 2026 · reappointed Jul 2026 · 1 listed board
  • Anurag MishraNominee, non-executive · joined Jan 2026 · reappointed Jan 2026 · 1 listed board
  • Ganesh Balakrishna BhadtiExecutive · joined Jun 2022 · reappointed Jun 2026 · 1 listed board
  • S SrinivasExecutive · joined May 2025 · reappointed Jun 2026 · 1 listed board

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.

5 directors who left
  • Kumar Jayant, left 25 Jul 2026: Others
  • Ashish Kumar Srivastava, left 31 Jan 2026: Others
  • M Sai Kumar, left 13 Jun 2025: Others
  • T Ritto Cyriac, left 13 Jun 2025: Others
  • K S Kasi Viswanathan, left 8 Mar 2025: Others

Committees and meetings

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

  • Board

    • 25 Jul 20268 of 10 present5 independent · 35 days in between
    • 19 Jun 20267 of 10 present4 independent · 37 days in between
    • 12 May 20268 of 10 present5 independent

  • Audit Committee

    Chair S Durgashankar

    Mohan Verghese Chunkath, Sheela Balakrishnan, T.C.A. Ranganathan, C Chandramouli

    • 24 Jul 20265 of 6 present5 independent · 73 days in between
    • 11 May 20266 of 6 present5 independent

  • Nomination and remuneration committee

    Chair Sheela Balakrishnan

    Mohan Verghese Chunkath, T.C.A. Ranganathan

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair T.C.A. Ranganathan

    C Chandramouli, N Gopalaratnam

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Mohan Verghese Chunkath

    S Durgashankar, Ganesh Balakrishna Bhadti

    • 28 Jul 20263 of 3 present2 independent · 72 days in between
    • 16 May 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair C Chandramouli

    Sheela Balakrishnan, N Gopalaratnam

    No meeting listed in the filing.

  • Project Committee

    Chair Sheela Balakrishnan

    Mohan Verghese Chunkath, Ganesh Balakrishna Bhadti

    • 24 Jul 20263 of 3 present2 independent · 73 days in between
    • 11 May 20263 of 3 present2 independent

  • ESG (Environmental, Social and Governance) Committee

    Chair Sheela Balakrishnan

    Mohan Verghese Chunkath, Ganesh Balakrishna Bhadti

    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.

  • M/s Suri and Co.Peer-review certificate valid to Apr 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.

Seshasayee Paper and Boards 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.Seshasayee Paper and Boards dividend history

Postal ballot, 4 Sep 2026

24,097 shareholders on the register on 31 Jul 2026; votes counted by K SANKARA SURAMANIAN / K SANKARA SURAMANIAN.The company's voting result (opens in a new tab)

  1. Appointment of Sri R.J.Ramesh, (DIN: 11821767) as a Nominee Director, not liable to retire by rotation.
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 1.39% · other public 0.17%

    Turnout: all 49.69% · promoters 100.00% · institutions 4.06% · other public 17.81%

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, 20 Jun 2026, 5 resolutions

23,033 shareholders on the register on 13 Jun 2026; present: 9 promoters and 596 others; votes counted by K SANKARA SUBRAMANIAN / K SANKARA SUBRAMANIAN.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Financial Statements for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 49.26% · promoters 100.00% · institutions 4.59% · other public 16.48%

  2. Declaration of Dividend.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 49.51% · promoters 100.00% · institutions 5.51% · other public 16.48%

  3. Re-appointment of retiring Director Sri Ganesh Balakrishna Bhadti, Executive Director (Operations and Projects).
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 2.15% · other public 0.03%

    Turnout: all 49.51% · promoters 100.00% · institutions 5.51% · other public 16.48%

  4. Re-appointment of retiring Director Sri S Srinivas, Director (Finance) and Secretary.
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 2.15% · other public 0.03%

    Turnout: all 49.51% · promoters 100.00% · institutions 5.51% · other public 16.48%

  5. Remuneration to Cost Auditor.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 49.51% · promoters 100.00% · institutions 5.51% · other public 16.48%

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 Mar 2026, 2 resolutions

21,865 shareholders on the register on 6 Feb 2026; votes counted by K SANKARA SUBRAMANIAN / K SANKARA SUBRAMANIAN.The company's voting result (opens in a new tab)

  1. Re-appointment of Sri N Gopalaratnam (DIN: 00001945) as Whole-time Director, designated as Chairman, liable to retire by rotation
    SpecialPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 1.05% · other public 0.22%

    Turnout: all 49.04% · promoters 100.00% · institutions 5.86% · other public 14.90%

  2. Appointment of Sri Anurag Mishra, IFS, (DIN:11389352), as a Nominee Director, liable to retire by rotation
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.98% · other public 0.22%

    Turnout: all 49.04% · promoters 100.00% · institutions 5.86% · other public 14.90%

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, 24 Jul 2025, 2 resolutions

22,850 shareholders on the register on 20 Jun 2025; votes counted by K SANKARA SUBRAMANIAN / K SANKARA SUBRAMANIAN.The company's voting result (opens in a new tab)

  1. Appointment of Sri Kumar Jayant, IAS (DIN: 01820616) as a Nominee Director, not liable to retire by rotation.
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 1.19% · other public 0.14%

    Turnout: all 50.01% · promoters 100.00% · institutions 6.04% · other public 18.36%

  2. Appointment of Sri. Ashish Kumar Srivastava, IFS, (DIN:10403411), Special Secretary, as a Nominee Director, liable to retire by rotation.
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 1.19% · other public 0.13%

    Turnout: all 50.01% · promoters 100.00% · institutions 6.04% · other public 18.36%

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, 14 Jun 2025, 8 resolutions

22,951 shareholders on the register on 7 Jun 2025; present: 8 promoters and 443 others; votes counted by K SANKARA SUBRAMANIAN / K SANKARA SUBRAMANIAN.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements (Including the Consolidated Financial Statements) of the Company for the year ended March 31, 2025 and Report of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 50.65% · promoters 100.00% · institutions 5.06% · other public 21.46%

  2. Declaration of Dividend.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 50.92% · promoters 100.00% · institutions 6.04% · other public 21.46%

  3. Re-appointment of Retiring Director Sri N Gopalaratnam, Chairman
    SpecialPromoters have an interest in it
    99.37% for0.63% against

    Against: promoters 0.00% · institutions 19.24% · other public 0.00%

    Turnout: all 50.92% · promoters 100.00% · institutions 6.04% · other public 21.46%

  4. Re-appointment of Sri Ganesh Balakrishna Bhadti (DIN: 09634741) as a Whole-time Director
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 50.92% · promoters 100.00% · institutions 6.04% · other public 21.46%

  5. Appointment of Sri S.Srinivas (DIN: 09713128) as a Whole-time Director.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 50.92% · promoters 100.00% · institutions 6.04% · other public 21.46%

  6. Payment of Commission to Non-Executive Directors.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 50.92% · promoters 100.00% · institutions 6.04% · other public 21.46%

  7. Appointment of M/s Lakshmmi Subramanian & Associates, Practicing Company Secretaries, Chennai as the Secretarial Auditor of the Company, for a term of 5 financial years.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 50.92% · promoters 100.00% · institutions 6.04% · other public 21.46%

  8. Remuneration to Cost Auditor for Financial Year 2025-26
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 50.92% · promoters 100.00% · institutions 6.04% · other public 21.46%

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, 29 Aug 2024, 3 resolutions

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

  1. Appointment of Dr. M Sai Kumar (DIN: 03605028), as a Nominee Director of the Company
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 1.16% · other public 0.15%

    Turnout: all 50.64% · promoters 100.00% · institutions 6.24% · other public 20.60%

  2. Appointment of Sri T.C.A Ranganathan (DIN:03091352), as Independent Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 50.64% · promoters 100.00% · institutions 6.24% · other public 20.60%

  3. Appointment of Dr. C Chandramouli, IAS (Retd.) (DIN:00345124), as Independent Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 50.64% · promoters 100.00% · institutions 6.24% · other public 20.60%

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, 1 Jun 2024, 4 resolutions

Present: 9 promoters and 352 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements (Including the Consolidated Financial Statements) of the Company for the year ended March 31, 2024 and 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 49.52% · promoters 100.00% · institutions 5.36% · other public 17.67%

  2. Declaration of Dividend.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 49.81% · promoters 100.00% · institutions 6.40% · other public 17.67%

  3. Re-appointment of Retiring Director Sri N Gopalaratnam, Chairman
    SpecialPromoters have an interest in it
    99.48% for0.52% against

    Against: promoters 0.00% · institutions 14.81% · other public 0.01%

    Turnout: all 49.81% · promoters 100.00% · institutions 6.40% · other public 17.67%

  4. Remuneration to Cost Auditor for Financial Year 2024-25
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 49.81% · promoters 100.00% · institutions 6.40% · other public 17.67%

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, 7 Mar 2024, 2 resolutions

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

  1. Re-appointment of Sri. Mohan Verghese Chunkath, IAS (Retd.) as an Independent Director for a second term of 5 years.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 49.78% · promoters 100.00% · institutions 6.34% · other public 17.60%

  2. Appointment of Smt. Sheela Balakrishnan, IAS (Retd.) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 49.78% · promoters 100.00% · institutions 6.34% · other public 17.60%

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.

How mutual funds voted

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

Mutual fund votes, meeting of 20 Jun 2026, 1 fund house

  • To receive, consider and adopt the Financial Statements for the financial year ended March 31, 2026.
    1 for0 against
  • Declaration of Dividend.
    1 for0 against
  • Re-appointment of retiring Director Sri Ganesh Balakrishna Bhadti, Executive Director (Operations and Projects).
    1 for0 against
  • Re-appointment of retiring Director Sri S Srinivas, Director (Finance) and Secretary.
    1 for0 against
  • Remuneration to Cost Auditor.
    1 for0 against

Mutual fund votes, meeting of 11 Mar 2026, 1 fund house

  • Re-appointment of Sri N Gopalaratnam (DIN: 00001945) as Whole-time Director, designated as Chairman, liable to retire by rotation
    1 for0 against
  • Appointment of Sri Anurag Mishra, IFS, (DIN:11389352), as a Nominee Director, liable to retire by rotation
    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 Sep 2026.

  • Tax disputeCommissioner of CustomsSince 25 Feb 2014
    No Change
    At the filing before: Clarification of Coal Imported (Classified as Steam Coal) by the Company during the period from March 2012 to January 2013 at concessional rates of duty: Order in original dated 25-02-2014 passed by Commissioner of Customs rejecting the classification is contested by the Company in CESTAT. CESTAT has remanded the matter back to adjudicating authority with reference to a pending case on same subject in the Apex Court.MoreLess
  • Tax disputePublic Works DepartmentSince 9 May 1991
    No Change
    At the filing before: Demand by Tamilnadu Public Works Department based on sanctioned quantity of water as against actual water drawn for the period commencing from Financial Year 1991-92; Writ Appeal filed by the Company in the Hon'ble High court of Madras is pending and yet to be decided.MoreLess
  • Tax disputeCompetition Commission of IndiaSince 13 May 2019
    No Change
    At the filing before: Allegation, levelled against large paper manufacturers in India (Including our company) of simultaneous price increases during the period January 2012-December 2013, is currently under evaluation by the Competition commission of IndiaMoreLess

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.