General Updates

SW:591 11th August, 2026 The Manager, The Manager, The Listing Department, Corporate Relationship Department, National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers, G Block, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400 051. Mumbai – 400 001. Scrip Symbol:- PDMJEPAPER Scrip Code:- 539785 Dear Sir/Madam, Subject : Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. In compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we hereby inform you that the Board of Directors of the Company, at its meeting held today, has considered and approved the subscription to additional shares of the Saraswat Co-operative Bank Limited (“Saraswat Bank”). The Company is an existing borrower member of Saraswat Bank and presently holds 2,500 equity shares of Saraswat Bank, with a credit exposure of approximately Rs. 89 Crores. The proposed subscription to additional shares of Saraswat Bank is being undertaken pursuant to the offer made by Saraswat Bank to eligible member-borrowers with low share-linkage levels and in accordance with the applicable share-linkage norms. The subscription is being undertaken in the ordinary course of the existing lender-borrower relationship between the Company and Saraswat Bank and is linked to the Company’s existing credit facilities. As per the applicable regulatory framework, share-linkage of up to 2.5% of secured borrowings, subject to the applicable conditions and limits, is permissible. Accordingly, based on the Company’s existing credit facilities and shareholding, Saraswat Bank has offered the Company the opportunity to subscribe to additional shares within the permissible share-linkage limit. The proposed subscription is not being undertaken as a strategic investment or with the objective of acquiring any ownership, management or control in Saraswat Bank. The subscription will not result in any change in the management, control or governance of Saraswat Bank. Further, in terms of Section 31 of the Multi-State Co-operative Societies Act, 2002, the principle of “one member, one vote” applies to the members of a multi-State co-operative society. Accordingly, the subscription to additional shares does not confer any proportionate increase in voting rights, management rights or control over Saraswat Bank beyond the rights available to the Company as a member under applicable law and the Bye-laws of Saraswat Bank. The details required under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 are enclosed herewith as Annexure A. You are requested to kindly take note of the same. Thanking you, Yours Faithfully, For Pudumjee Paper Products Limited Shrihari Waychal Company Secretary & Compliance Officer ICSI M. No.: A62562 Encl.: As Above Annexure – A Sr. Particulars Details a) Name of the target entity, Saraswat Co-operative Bank Limited, Mumbai details in brief such as size, Branch. The Saraswat Co-operative Bank Limited was turnover etc. incorporated in 1918 and provides a complete suite of banking and financial services including retail banking, wholesale banking and treasury operations. The Bank is primarily governed by the Banking Regulation Act, 1949 as amended from time to time and the Multistate Co-operative Societies Act, 2002 as amended from time to time and rules made thereunder. Key Financial & Capital Details as on 31st March, 2025 are as under: Particulars Details Authorised 100,00,00,000 Share Capital Equity Shares of Rs.10/- each Subscribed 32,01,75,196 Share Capital Equity Shares of Rs.10/- each Preference 61,59,400 Share Capital Preference Shares of Rs.10/- each *Total Income Rs.5,064.53 Crores Own Funds Rs.5,484.91 Crores b) Whether the acquisition would No. fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”. c) Industry to which the entity The Saraswat Co-operative Bank Limited is engaged in being acquired belongs. banking and financial services including retail banking, wholesale banking and treasury operations. d) Objects and impact of The Company has an existing banking relationship with acquisition (including but not Saraswat Co-operative Bank Limited and has availed limited to, disclosure of long-term borrowing facilities from the Bank. The reasons for acquisition of proposed subscription to additional shares is linked to target entity, if its business is the Company’s existing borrowing facilities and is outside the main line of being undertaken in accordance with the applicable business of the listed entity). share-linkage requirements of the Bank. The subscription is also in line with the Company’s existing relationship with the Bank and is expected to further strengthen the Company’s banking engagement. e) Brief details of any Not Applicable governmental or regulatory approvals required for the acquisition. f) Indicative time period for The acquisition is expected to be completed in due completion of the acquisition. course, subject to completion of necessary formalities g) Consideration - whether cash Cash consideration consideration or share swap or any other form and details of the same. h) Cost of acquisition and/or the Rs.2,21,49,000/- price at which the shares are (22,14,900 Equity Shares of Rs.10/- each) acquired. i) Percentage of shareholding / Shares presently held: control acquired and / or 2,500 equity shares of Rs.10 each. number of shares acquired. Shares proposed to be subscribed: 22,14,900 equity shares of Rs.10 each. Total shares after subscription: 22,17,400 equity shares of Rs.10 each. j) Brief background about the Brief Background & Line of Business: The entity acquired in terms of Saraswat Co-operative Bank Limited was incorporated products/line of business in 1918 and provides a complete suite of banking and acquired, date of financial services including retail banking, wholesale incorporation, history of last 3 banking and treasury operations. The Bank is primarily years turnover, country in governed by the Banking Regulation Act, 1949 as which the acquired entity has amended from time to time and the Multistate Co- presence and any other operative Societies Act, 2002 as amended from time to significant information (in time and rules made thereunder. brief). Date of Incorporation: 14.09.1918 Country in which the acquired entity has presence: India *Total Income for the last 3 years: (Rs. Crores) 31.03.2025 31.03.2024 31.03.2023 Rs.5,064.53 Rs.4,443.17 Rs.3,967.44 *Since the Saraswat Co-operative Bank Limited is engaged in the banking and financial services business, Total Income has been considered instead of Turnover.