Orient Paper & Industries Limited held its Board Meeting on 22 May 2025, where it approved several key decisions:

• Financial Results for Q4 and FY25:
  • The Board approved the Audited Financial Results for the quarter and financial year ended 31 March 2025. The Statutory Auditors, M/s. B S R & Co. LLP, issued an unmodified opinion on these results.
  • For the quarter ended 31 March 2025, the company reported revenue from operations of ₹219.27 crore and a net loss of ₹18.07 crore.
  • For the full financial year ended 31 March 2025, revenue from operations stood at ₹895.79 crore, an increase from ₹831.94 crore in FY 2023-24. However, the company incurred a net loss of ₹54.66 crore, compared to a net profit of ₹6.23 crore in the previous fiscal year.
  • Segment-wise performance for FY 2024-25 showed the Paper & Tissue segment with a revenue of ₹751.30 crore and a loss of ₹55.16 crore, while the Chemicals segment recorded a revenue of ₹161.87 crore and a profit of ₹17.93 crore.
• Appointment of Auditors:
  • Secretarial Auditor: M/s. LABH & LABH Associates, Company Secretaries, were appointed for five consecutive years from FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming Annual General Meeting.
  • Internal Auditor: M/s. Deloitte Haskins & Sells LLP was appointed as the Internal Auditor for the financial year 2025-26, on the same terms and conditions as FY 2024-25.
  • Cost Auditor: Mr. Somnath Mukherjee, Cost Accountant, was appointed as the Cost Auditor for the financial year 2025-26, at a remuneration of ₹75,000 per year plus expenses, subject to shareholder ratification.
• Sale of Shares of BirlaNu Limited:
  • The Board approved the sale of up to 9,06,360 equity shares, representing up to 12.02% of the equity share capital of BirlaNu Limited (formerly HIL Limited), by way of an inter-se transfer.
  • These shares will be sold to various members of the promoter and promoter group of BirlaNu Limited, including Central India Industries Limited (up to 3,32,000 shares or 4.40%), Ashok Investment Corporation Ltd (up to 50,000 shares or 0.66%), Shekhavati Investments & Traders Ltd (up to 3,32,000 shares or 4.40%), and Gwalior Finance Corporation Limited (up to 2,02,360 shares or 2.68%).
  • The transaction is considered a related party transaction but will be undertaken at arm’s length and has been approved by the Audit Committee.
  • This sale is part of an internal restructuring exercise. Orient Paper & Industries Limited will continue to remain a member of the promoter and promoter group of BirlaNu Limited post-transaction.
  • The transaction is expected to be completed on or after 29 May 2025, in one or more tranches, for cash consideration.
  • BirlaNu Limited, a home and building products and services company, reported a turnover of ₹2,310.04 crore for FY 2024-25 and a net worth of ₹1,268 crore as of 31 March 2025.