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Incorporated in 1980, Satia Industries Limited (SIL) is one of India’s largest Wood and Agro-based paper manufacturers using wood and Agro-based Raw Materials such as Wood Chips, Veneer Waste, Wheat Straw and Sarkanda to produce quality writing and printing paper.
Satia Industries reported a Q1 net loss of 17.12 Cr, primarily due to a one-time non-cash deferred tax charge of 39.33 Cr from transitioning to a new tax regime. The company also commenced a 5-month shutdown of Paper Machine 3 for modernization, aiming for higher speed and improved capacity.
Independent Director Shri Inder Dev Singh's second term has concluded, and he is no longer a member of the Board of Directors. The company acknowledged his significant contributions during his tenure.
Satia Industries announced its 44th Annual General Meeting. Key agenda includes approving the FY25 Annual Report and considering a final dividend for the financial year ended March 31, 2025.
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Satia Industries has provided e-voting for its 44th Annual General Meeting. Shareholders registered by the cut-off date can vote electronically during the specified period, ensuring broad participation in upcoming AGM decisions.