Emami Paper Mills: Redemption of OCRPS, Director Resignation & Appointment
Emami Paper Mills announces redemption of preference shares, resignation of a director and the company secretary, appointment of a new director, and reconstitution of board committees.
Key management changes and redemption of preference shares can have a moderate impact on the company's operations and financial structure.
The announcement includes a mix of resignations, appointments, and a redemption of shares, 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 20 January 2026. The company will pay an aggregate amount of ₹28.80 crore to the preference shareholders on redemption. * Shri Vivek Chawla, Whole-time Director, resigned effective from the close of business hours on 5 December 2025. Consequently, he will cease to be a member of various committees. * Shri Sushil Kumar Khetan, Chief Executive Officer, has been appointed as an Additional Director and Whole-time Director of the Company w.e.f 6 December 2025, subject to shareholder approval via postal ballot. * Re-constitution of Stakeholders Relationship Committee, Risk Management Committee, Corporate Social Responsibility Committee and Finance Committee w.e.f 6 December 2025. * Shri Debendra Banthiya, Company Secretary & Sr. General Manager (Legal), resigned effective from the close of business hours on 5 December 2025. Consequently, he will cease to be Compliance Officer and Nodal Officer of the Company. * Shri Mukesh Kumar Agarwal, Vice President (Finance) & CFO, appointed as the Nodal Officer of the Company w.e.f 6 December 2025.
What to do with a filing like this
Emami Paper Mills Limited filed this with the NSE as a statutory disclosure, categorised under board changes. 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.