KAY POWER AND PAPER LTD. announced the outcome of its Board Meeting held on August 12, 2026. The Board approved the unaudited financial results for the quarter ended June 30, 2026, both standalone and consolidated. Additionally, the Board approved the appointment of Mrs. Deepa Agarwal as the new Managing Director, effective from the same date, subject to member approval.
Board Meeting Outcomes
KAY POWER AND PAPER LTD. convened its Board of Directors meeting on Wednesday, August 12, 2026. During this meeting, the Board considered and approved several key matters, providing essential updates on the company’s financial performance and leadership.
Financial Results Approved
The Board of Directors gave their approval for the unaudited financial results for the first quarter of the financial year ending June 30, 2026. This includes both the standalone and consolidated financial statements. The detailed financial results, along with the limited review reports from the statutory auditors, have been enclosed with this disclosure.
New Managing Director Appointed
In a significant leadership change, the Board approved the appointment of Mrs. Deepa Agarwal (DIN: 00452947) as the Managing Director of the Company. This appointment is effective from August 12, 2026. The appointment is subject to the necessary approval from the Company’s Members at the upcoming Annual General Meeting. Mrs. Agarwal is the mother of director Ms. Aarushi Chandra and holds 2,286,800 shares in the company.
Proposed Kraft Paper Project
The Board also discussed the proposed establishment of a state-of-the-art Kraft Paper Manufacturing Plant through its wholly-owned subsidiary, Kay Pulp and Paper Mills Private Limited. This plant is expected to have an installed production capacity of 75,000 Tonnes Per Annum (TPA) and is slated for commissioning during Financial Year 2027-28. Upon commissioning, the project is estimated to generate approximately ₹200 crore in revenue during its first year of commercial operations.
Source: BSE
