Emami Paper Mills Board approves OCRPS redemption, Director Resignations & Appointments
Emami Paper Mills approves OCRPS redemption of ₹28.80 crore, Vivek Chawla's resignation as Whole-time Director, Sushil Kumar Khetan's appointment as Additional Director, and Debendra Banthiya's resignation as Company Secretary.
Changes in key management personnel and redemption of shares can have a moderate impact on the company's operations and financial structure.
The announcement includes both positive (appointment) and negative (resignations) aspects, resulting in a neutral sentiment.
* Redemption of 4,80,000 unlisted Series II- Tranche II Optionally Convertible Redeemable Preference Shares (OCRPS) with a face value of ₹100 each along with a redemption premium of ₹500 each, due on 20th January, 2026. The company will pay an aggregate amount of ₹28.80 crore to the preference shareholders on redemption. * Resignation of Shri Vivek Chawla, Whole-time Director, effective from the close of business hours on 5th December, 2025. * Appointment of Shri Sushil Kumar Khetan, Chief Executive Officer, as an Additional Director and Whole-time Director, effective from 6th December, 2025, subject to shareholder approval via postal ballot. * Re-constitution of Board Committees effective 6th December, 2025, including Stakeholders Relationship Committee, Risk Management Committee, Corporate Social Responsibility Committee and Finance Committee. * Resignation of Shri Debendra Banthiya, Company Secretary & Sr. General Manager (Legal), effective from the close of business hours on 5th December, 2025. * Appointment of Shri Mukesh Kumar Agarwal, Vice President (Finance) & CFO, as the Nodal Officer of the Company, effective from 6th December, 2025.
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Emami Paper Mills Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Emami Paper Mills Limited. Read the original for the full detail.