Shareholders meeting

Date: 01-09-2026 To To The Manager The Manager Department of Corporate Services Department of Corporate Services The National Stock Exchange of India The Bombay Stock Exchange Ltd. "Exchange Plaza" Floor 25, PJ Towers, Bandra Kurla Complex, Bandra (E) Dalal Street, Mumbai - 400 051. Mumbai – 400 001. Script Code: malupaper Script Code: 532728 Sub : Annual Report for the financial year 2025-26 including Notice convening 33rd Annual General Meeting (AGM) Sir/Madam Pursuant to Regulation 34(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), please find enclosed herewith the Notice of the Thirty-third (33rd) Annual General Meeting of the Company along with Annual Report 2025-26. The Notice of AGM along with the Annual Report for the financial year 2025-26 is also being made available on the website of the Company at https://malupaper.com/wp-content/uploads/2026/09/Notice-of-AGM-Annual- report-2026.pdf This is for your information and records. Kindly acknowledge the receipt of the same. Thanking You For Malu Paper Mills Limited Mayuri Asawa A50891 Company Secretary & Compliance officer ANNUAL REPORT FOR THE FINANCIAL YEAR 2025-26 Heera Plaza, 4 Floor, Near Telephone Exchange, Central Avenue, Nagpur – 440 008 Phones : 0712-2760308,2778506, 2733100 Fax : 0712- 2760310 Email : info@malupaper.com ; contacts@malupaper.com MALU PAPER MILLS LIMITED Founder Bankers Late Mr. Bhanwarlal Malu State Bank of India (1924 - 2007) Axis Bank Ltd Bank of Baroda Former Chairman Bank of India Late Mr Damodarlal Malu Jammu & Kashmir Bank (1946-2020) Managing Director & CEO Statutory Auditors Mr. Punamchand Malu M/s. Demble Ramani & Co. Chartered Accountants Joint Managing Director 201, M. G. House, R. T. Road, Mr. Banwarilal Malu Civil Lines, Nagpur-440 001. Non-Executive Directors Internal Auditors Mr. Vasudeo Malu M/s. Samria Kabra & Co. Mr. Purushottam Malu Chartered Accountants Independent Directors Secretarial Auditors CA. Sahil Agrawal M/s Priyanka Jaiswal & Associates CA. Rajesh Sarda Mr. Vijaykumar Sarda Cost Auditors CS. Surabhi Gandhi M/s. Deepak Khanuja & Associates Audit Committee Registered and Corporate Office CA. Sahil Shankar Agrawal - Chairman Heera Plaza, 4th Floor, Near Telephone CA. Rajesh Sarda - Member Exchange, Central Avenue, CS. Surabhi Gandhi.-Member Nagpur 440008 Nomination and Remuneration Committee Plants Mr. Vijaykumar Sarda - Chairman Kraft Division CA. Sahil Shankar Agrawal - Member Village Borujwada, Nagpur Saoner Road, Mr. Purushottam Malu -Member Taluka: Saoner, District: Nagpur Stakeholder Relationship Committee Newsprint & Writing Printing Division CS. Surabhi Gandhi -Chairman Village Hetti Surla, Nagpur Bhopal Road, CA. Rajesh Sarda - Member Taluka: Saoner, District: Nagpur Mr. Banwarilal Malu.-Member CFO Company Secretary & Compliance Officer Mr. Prakash Modi CS. Mayuri Asawa CORPORATE INFORMATION CONTENTS Sr. No. Particulars Page No 1 Notice of 33rd Annual General Meeting 1 2 Thirty-third (33rd) Board’s Report 14 3 Management discussion and Analysis Report 34 4 Board report on Corporate Governance 50 5 Independent Auditor’s Report 70 6 Balance Sheet 94 7 Statement of Profit & Loss 95 8 Cash Flow Statement 96 9 Notes Forming Part of the Financial Statements 98 MALU PAPER MILLS LIMITED Regd. Office: Heera Plaza,4th floor, Near Telephone Exchange, Central Avenue, Nagpur –400008 CIN:L15142MH1994PLC076009 NOTICE Notice is hereby given to the members of Malu Paper Mills Limited that the Thirty third(33rd) Annual General Meeting of the members will be held on Wednesday, the 23rd day of September 2026 at the registered office of the Company at ‘Heera Plaza, 4th Floor, Near Telephone Exchange Square, Central Avenue, Nagpur at 3.00 P.M. (IST) to transact the following businesses: ORDINARY BUSINESS: 1. To receive, consider and adopt the Audited Standalone Financial Statements for the financial year ended on 31st March 2026 together with the Reports of the Board of Directors and the Auditors thereon; To consider and if thought fit, to pass the following resolutions as an Ordinary Resolution: “RESOLVED THAT the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the reports of the Board of Directors and Auditors thereon, as circulated to the Members, be and are hereby considered and adopted.” 2. To appoint a director in place of Mr. Purushottam Malu (DIN: 01720007), who retires by rotation and being eligible, offers himself for re-appointment. To consider and if thought fit, to pass the following resolution as an Ordinary Resolution. “RESOLVED THAT in accordance with the provisions of Section 152 and other applicable provisions of the Companies Act, 2013, Mr. Purushottam Malu (DIN: 01720007), who retires by rotation at this meeting, and being eligible, has offered himself for re-appointment, be and is hereby re-appointed as a Director of the Company, liable to retire by rotation.” SPECIAL BUSINESS 3. Appointment of Secretarial Auditor for a term of five consecutive financial years from FY 2026-27 to FY 2030-31 and fixation of remuneration To consider and, if thought fit, to pass, with or without modification(s), the following Resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Section 204 and other applicable provisions, if any, of the Companies Act, 2013, read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, Regulation 24A and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), and other applicable laws/statutory provisions, if any, as amended from time to time, and based on the recommendation of the Audit Committee and the Board of Directors, CS Priyanka Jaiswal, Proprietor of M/s. Priyanka Jaiswal & Associates, Company Secretaries, Nagpur, Membership No. 19133, Certificate of Practice No. 13304, a Peer Reviewed Firm bearing Peer Review Certificate No. 5648/2024, be and is hereby appointed as the Secretarial Auditor of the Company for a term of five (5) consecutive financial years commencing from the Financial Year 2026-27 and ending with the Financial Year 2030-31, to conduct the Secretarial Audit of the Company in accordance with the applicable provisions of the Companies Act, 2013, SEBI Listing Regulations and other applicable laws, on such terms and conditions as may be mutually agreed between the Board of Directors of the Company and the Secretarial Auditor. RESOLVED FURTHER THAT the remuneration of ₹60,000/- per annum plus applicable taxes and reimbursement of reasonable out-of-pocket expenses, as approved/recommended by the Board of Directors, be and is hereby approved for the Financial Year 2026-27, and the remuneration for subsequent financial years during the aforesaid term shall be such as may be mutually agreed between the Board of Directors and the Secretarial Auditor. RESOLVED FURTHER THAT the Board of Directors of the Company be and is hereby authorised to finalise the terms and conditions of appointment, including the remuneration for subsequent financial years, and to do all such acts, deeds, matters and things as may be necessary, proper or expedient to give effect to this resolution.” 4. Ratification of Cost Auditor’s Remuneration for the financial year 2026-27 To consider and if thought fit, to pass the following resolution as an Ordinary Resolution: - “RESOLVED THAT pursuant to the provisions of Section 148 and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) and the rules made thereunder, M/s. Deepak Khanuja & Associates, Cost Accountants (Firm Registration No. 100247), the Cost Auditors appointed by the Board of Directors of the Company to conduct the audit of the cost records of the Company for the financial year ending 31st March, 2027, be paid a remunerati [Showing first 8,000 characters — download PDF for full document]