Chairman''s Letter to Shareholders - Un-audited Financial Results for the quarter ended June 30, 2026

SESHASAYEE PAPER AND BOARDS LIMITED CIN: L21012TZ1960PLC000364 Regd. Office: Pallipalayam, Namakkal District Ph: 04288 240221 - 228, Fax: 04288 240229 Email: secretarial@spbltd.com Web: www.spbltd.com STATEMENT OF STANDALONE AND CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026 (` crores) Standalone Consolidated Particulars 3 months ended Year ended 3 months ended Year ended 30 06 2026 31 03 2026 30 06 2025 31 03 2026 30 06 2026 31 03 2026 30 06 2025 31 03 2026 (Unaudited) (Audited) (Unaudited) (Audited) (Unaudited) (Audited) (Unaudited) (Audited) 1 Income a) Revenue from Operation 492.00 591.78 385.33 1710.17 492.08 591.84 385.40 1710.45 b) Other Income 13.25 11.59 14.36 49.48 11.89 11.63 13.56 48.75 Total Income 505.25 603.37 399.69 1759.65 503.97 603.47 398.96 1759.20 2 Expenses a) Cost of Materials consumed 315.72 281.14 286.10 1106.05 315.72 281.14 286.10 1106.05 b) Purchase of Stock-in-Trade 7.01 6.89 7.14 28.18 7.01 6.89 7.14 28.18 c) Changes in inventories of Finished Goods, Work-in-Progress and Stock-in- -5.78 145.41 -45.05 6.63 -5.78 145.41 -45.05 6.63 Trade d) Employee benefits expense 29.78 25.79 27.38 103.57 29.78 25.79 27.38 103.57 e) Finance Costs 0.41 0.71 1.07 8.76 0.41 0.71 1.07 8.76 f) Depreciation and amortization 11.60 11.07 11.53 44.98 11.61 11.07 11.54 45.01 expense g) Cost of Power and Fuel 50.91 52.21 53.93 204.27 50.91 52.21 53.93 204.27 h) Other expenses 50.50 56.78 34.53 165.59 50.53 56.81 34.59 165.83 Total expenses 460.15 580.00 376.63 1668.03 460.19 580.03 376.70 1668.30 3 Profit / (Loss) from Ordinary Activities after Finance costs but before 45.10 23.37 23.06 91.62 43.78 23.44 22.26 90.90 Exceptional items 4 Share of Profit / (Loss) of Associate -- -- -- -- -0.34 8.61 -0.82 15.53 5 Exceptional Items -- -- -- -- -- -- -- -- 6 Profit /(Loss) from Ordinary Activity 45.10 23.37 23.06 91.62 43.44 32.05 21.44 106.43 Before Tax(3+4+5) (` crores) Standalone Consolidated Particulars 3 months ended Year ended 3 months ended Year ended 30 06 2026 31 03 2026 30 06 2025 31 03 2026 30 06 2026 31 03 2026 30 06 2025 31 03 2026 (Unaudited) (Audited) (Unaudited) (Audited) (Unaudited) (Audited) (Unaudited) (Audited) 7 Tax expenses Current Tax - For the Year 12.20 6.09 6.67 26.22 12.22 6.11 6.68 26.28 Deferred Tax -0.69 -0.11 -0.67 -2.38 -0.69 -0.11 -0.67 -2.38 Total Tax Expenses 11.51 5.98 6.00 23.84 11.53 6.00 6.01 23.90 8 Net Profit /(Loss) from Ordinary 33.59 17.39 17.06 67.78 31.91 26.05 15.43 82.53 Activities After Tax (6-7) 9 Other Comprehensive Income A (i) Items that will not be reclassified to Statement of Profit and Loss (a) Remeasurement of the defined -- -2.78 -- -2.78 -- -2.78 -- -2.78 benefit Plans (b) Net Fair Value Gain on investment in Equity Instruments 11.51 -36.81 55.34 -14.07 11.51 -36.81 55.34 -14.07 through OCI (c) Share of OCI of Associate -- -- -- -- 0.45 -1.11 4.08 0.24 (ii) Income Tax relating to items that will not be reclassified to Statement -1.61 5.94 -7.85 2.71 -1.61 5.94 -7.85 2.71 of Profit and Loss B (i) Items that will be reclassified to -- -- -- -- -- -- -- -- Statement of Profit and Loss (ii) Income Tax relating to items that will be reclassified to Statement -- -- -- -- -- -- -- -- of Profit and Loss Total Other Comprehensive Income 9.90 -33.65 47.49 -14.14 10.35 -34.76 51.57 -13.90 10 Total Comprehensive Income for the 43.49 -16.26 64.55 53.64 42.26 -8.71 67.00 68.63 period (8+9) (Comprising Profit and other Comprehensive income for the period) 11 Paid-up Equity Share Capital 12.04 12.04 12.04 12.04 12.04 12.04 12.04 12.04 (Face value ` 2) 12 Reserves, excluding Revaluation Reserves, as per the Audited Balance 1938.45 2029.93 Sheet Standalone Consolidated Particulars 3 months ended Year ended 3 months ended Year ended 30 06 2026 31 03 2026 30 06 2025 31 03 2026 30 06 2026 31 03 2026 30 06 2025 31 03 2026 (Unaudited) (Audited) (Unaudited) (Audited) (Unaudited) (Audited) (Unaudited) (Audited) 13 Earnings Per Share of ` 2 each (not annualised) (a) Basic (in `) 5.58 2.89 2.83 11.25 5.30 4.32 2.56 13.70 (b) Diluted (in `) 5.58 2.89 2.83 11.25 5.30 4.32 2.56 13.70 Notes: 1 Paper is the only reportable segment of operation of the Company. 2 The Hon'ble NCLT, Chennai bench vide its order dated 12.05.2023 approved the e-auction sale of assets of M/s. Servalakshmi Paper Limited (Corporate Debtor in Liquidation) as a Going Concern, in favour of our company and consequently the Sales Certificate has been issued and the assets handed over to our company. Three appeals challenging Hon’ble NCLT’s order had been filed in Hon’ble NCLAT and out of the three, two appeals were “Dismissed as withdrawn” and remaining appeal has been heard and reserved for orders by Hon’ble NCLAT. Company continues to take steps for revival, refurbishment and recommencement of operations. 3 The above results were reviewed by the Audit Committee of the Board and approved by the Board of Directors at the respective meetings held on July 24, 2026 and July 25, 2026. (By Order of the Board) For Seshasayee Paper and Boards Limited Place : Chennai N GOPALARATNAM Date : July 25, 2026 Chairman This is the Statement of Un-audited Financial Results referred to in our Limited Review Report dated July 25, 2026. For SURI & CO Firm Registration No.004283S Sanjeev Aditya M Membership No.229694 Partner Chartered Accountants UDIN : 26229694IXVPMK1516 / 26229694XAEHEC7908 Place: Chennai Date : July 25, 2026