StockWatch
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Paper & Paper Products
Board Meeting13 Aug 2026, 01:23 pm

Sangal Papers Approves Unaudited Results, Director Re-appointments, and Salary Revisions

AI Summary

Sangal Papers Limited announced key decisions from its Board Meeting held on August 13, 2026. The board approved the unaudited financial results for the quarter ended June 30, 2026, and recommended the re-appointment of directors Mr. Tanmay Sangal and Mr. Vinayak Sangal. Significant salary revisions were approved for Managing Director Mr. Himanshu Sangal and Whole Time Director Mr. Amit Sangal, increasing their monthly compensation to ₹10,00,000 each, effective September 1, 2026. Additionally, salaries for Mr. Tanmay Sangal (President Marketing) and Mr. Vinayak Sangal (President Operations) were revised to ₹4,00,000 per month. The company also scheduled its 46th Annual General Meeting for September 23, 2026, and appointed a new Cost Auditor, Internal Auditor, and Scrutinizer.

Key Highlights

  • Unaudited financial results for Q1 FY27 approved.
  • Directors Tanmay Sangal and Vinayak Sangal recommended for re-appointment.
  • Managing Director and Whole Time Director salaries revised upwards.
  • AGM scheduled for September 23, 2026.
  • New Cost Auditor, Internal Auditor, and Scrutinizer appointed.