Emami Paper Mills sets Aug 28 record date for FY26

Key announcement and why it matters

Emami Paper Mills Limited has set Friday, August 28, 2026 as the record date to determine which shareholders are eligible for the dividend for the year ended March 31, 2026. The company has also scheduled its 44th Annual General Meeting (AGM) for Friday, September 4, 2026 at 11:30 a.m. IST. These dates matter for investors because eligibility for the proposed dividend depends on being on the company’s register of members as of the record date. The company also clarified the related book closure period, which affects share transfer processing and AGM participation. Separately, the company disclosed a GST demand-cum-show cause notice, which it plans to contest.

Record date, AGM date, and book closure window

The company said the register of members and share transfer books will remain closed from Saturday, August 29, 2026 to Friday, September 4, 2026, both days inclusive. This book closure is aligned with the record date and AGM schedule. As a practical matter, shareholders who are registered in the company’s records at the end of business on August 28, 2026 are the ones considered for dividend entitlement and AGM participation. The company’s disclosure links the eligibility to the record date and subsequent shareholder approval at the AGM. The timeline also includes an August 28 deadline for submission of documents related to TDS, as per the event table provided.

Dividend eligibility and payment timeline

Emami Paper Mills stated that shareholders holding shares on the record date will be entitled to the dividend, subject to approval by shareholders at the AGM. The company also noted that payment would be made within the statutory period of 30 days from the date of such approval. This sequence is typical for listed companies where the board recommends a dividend and shareholders approve it at the AGM. Investors tracking the dividend should focus on the record date for eligibility and the AGM date for final approval. The company’s communication ties the payout timeline directly to shareholder approval.

Dividend recommendation for FY26

For FY26, the board recommended a dividend of ₹3.20 per equity share (160%) on a face value of ₹2 each. It also recommended ₹8 per preference share (8%) on a face value of ₹100 each. These amounts were explicitly stated in the company’s FY26-related disclosure. The company’s record date announcement is the operational step that helps determine which shareholders will receive the dividend if approved. The disclosure also references an exchange data point showing August 28, 2026 as the relevant date and lists a dividend amount of 3.2 for that date.

AGM to be held through VC/OAVM

The 44th AGM will be conducted entirely through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The company said the format is in compliance with Ministry of Corporate Affairs (MCA) circulars and SEBI regulations. This means shareholders will participate remotely rather than through a physical venue. The company specified the time as 11:30 a.m. IST on September 4, 2026. Investors planning to vote or attend should rely on the AGM notice and instructions for joining electronically.

SEBI compliance and newspaper publication

Emami Paper Mills said it published advertisements on Tuesday, August 4, 2026 to inform shareholders of the relevant dates. The publications cited were “Business Standard” (English, All India edition) and “Aajkaal” (Bengali, Kolkata edition). The company said the advertisements were issued in compliance with Regulations 30 and 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These disclosures are designed to ensure that shareholders receive timely information about record dates, book closure periods, and AGM scheduling.

GST demand-cum-show cause notice: what was alleged

In a separate disclosure, Emami Paper Mills said it received a Demand-Cum-Show Cause Notice from the Office of the Commissioner (Audit), GST & Central Excise, Bhubaneswar. The notice, dated July 20, 2026, alleged tax discrepancies amounting to approximately ₹2.60 crore. The company said the allegations include non-payment of GST under reverse charge on water charges paid to the Government of Odisha and on security services received. It also flagged an alleged wrongful availment of input tax credit on invoices issued by a cancelled supplier. The demand covers the period from FY 2020-21 to 2022-23 and includes applicable interest and a proposed penalty under Section 74 of the CGST Act, 2017.

Company response on GST notice and potential impact

Emami Paper Mills stated it intends to contest the notice and file a reply before the Adjudicating Authority. The company also said that, based on its current assessment, there is no material impact on its financial, operational, or other activities. It acknowledged receipt of the communication and said it will respond appropriately to the authorities. The disclosure is positioned as a regulatory development rather than an operational disruption. Investors typically track such matters for cash-flow implications, but the company’s stated view is that the impact is not material at this stage.

FY26 performance snapshot disclosed

The company reported a net profit of ₹61.38 crore for the financial year ended March 31, 2026. This was disclosed as a 136% increase from ₹26.01 crore in the previous year. The company attributed the improvement to better operational performance, as stated in the provided text. These profit numbers form part of the broader context for the dividend recommendation. The board also scheduled a meeting for May 28, 2026 to consider audited financial results for the year ended March 31, 2026 and to consider recommending a dividend for FY25-26.

Key facts table

Market data points and disclosed figures

The provided data also mentions an equity dividend entry showing August 28, 2026 with a dividend amount of 3.2 and a price on that day of ₹87.01, along with a dividend yield figure of 2.89. Separately, it states the current price of Emami Paper Mills Ltd is ₹110.89. The same set of disclosures also contains the GST demand figure and the FY26 profit numbers. These are the key numerical anchors investors are likely to track while the dividend approval and GST process move forward.

What investors can watch next

Two near-term dates are central for shareholders: August 28, 2026 for eligibility and September 4, 2026 for AGM approval of the dividend. Investors may also look for detailed AGM notice documents on participation and voting through VC/OAVM. On the GST matter, the next step mentioned is the company’s reply to the adjudicating authority. Any subsequent orders, if issued, would determine whether the demand progresses, is modified, or is dropped, but the company’s current stance is that it does not expect a material impact.

Conclusion

Emami Paper Mills has laid out a clear schedule for its FY26 dividend process, with August 28, 2026 as the record date and September 4, 2026 as the AGM date, alongside a defined book closure period. The dividend remains subject to shareholder approval and is to be paid within 30 days of approval. At the same time, the company has disclosed a ₹2.60 crore GST demand-cum-show cause notice and said it plans to contest it. The next confirmed milestones are the AGM proceedings via VC/OAVM and the company’s formal response in the GST adjudication process.