Emami Paper Mills redeems preference shares, announces leadership changes

Emami Paper Mills Limited will redeem 480,000 Series II- Tranche II Optionally Convertible Redeemable Preference Shares (OCRPS). Each share, with a face value of INR 100, will be redeemed at a premium of INR 500 per share, totaling an aggregate payment of INR 288,000,000 to promoter group companies by January 20, 2026.

The company also announced leadership transitions, effective December 5, 2025. Vivek Chawla resigned as whole-time director, and Debendra Banthiya resigned as company secretary and senior general manager (legal). Mukesh Kumar Agarwal has been appointed as the nodal officer, effective December 6, 2025.

Sushil Kumar Khetan has been appointed as an additional director, chief executive officer, and whole-time director, effective December 6, 2025, for a three-year term, pending shareholder approval. The board also reconstituted several committees, including Stakeholders Relationship, Risk Management, Corporate Social Responsibility, and Finance, with updated member compositions.