About Shreyans Industries Limited

Shreyans Industries Limited is an Indian public limited company engaged in the manufacturing of Writing and Printing Paper. Incorporated under the Companies Act, 1956, as Shreyans Paper Mills Limited, the Company adopted its current name, Shreyans Industries Limited, on October 20, 1992. With over three decades of experience in the paper manufacturing sector, Shreyans has established itself as a reputed supplier of high-quality writing and printing paper to both domestic and international markets. Its equity shares are listed on the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE). The registered office is located in Ludhiana, Punjab, and the Company’s operations and assets are entirely within India.

The Company operates two integrated paper manufacturing units in Punjab — Shreyans Papers, Ahmedgarh (District Malerkotla), and Shree Rishabh Papers, Village Banah (District S.B.S. Nagar). These plants employ modern production technology for sustainable and efficient paper manufacturing. In addition to paper, Shreyans also produces and sells Soda Ash generated from its chemical recovery processes. The Company serves customers across India and exports to selected international markets, although the business operations and physical assets remain entirely India-based.

With a longstanding focus on quality, innovation, and responsible manufacturing practices, Shreyans continues to invest in process upgrades and operational efficiency. Both units are aligned towards environmentally conscious production, leveraging chemical recovery systems that enhance sustainability and reduce waste.

Key Milestones of Shreyans Industries Limited

• Incorporated as Shreyans Paper Mills Limited under the Companies Act, 1956.
• October 20, 1992 – Company name changed to Shreyans Industries Limited to reflect expansion and diversification.
• Listing of equity shares on BSE and NSE, allowing greater investor participation and transparency.
• Establishment and continuous modernisation of two large-scale paper manufacturing units at Ahmedgarh and Banah in Punjab.
• Consistent operational excellence supported by CARE Ratings reaffirmations indicating stable credit performance.

Shreyans Industries Limited Business Verticals

Business Verticals:

• Manufacture and sale of Writing and Printing Paper – the Company’s primary product line serving printers, publishers, institutions, and stationery producers.
• By-product sale of Soda Ash – generated through the Company’s chemical recovery process, contributing additional revenue and enhancing sustainability in operations.

Geographical Revenue Mix (FY 2023–24):

• Domestic Customers – 96.16% of total revenue (Rs. 59,307.38 lakh).
• Overseas Customers – 3.84% of total revenue (Rs. 2,369.25 lakh).

Operational Geography:

• India – Complete operational and asset base concentrated within Punjab.
• Exports – Serves selected international customers; all production facilities are India-based.

Shreyans Industries Limited Key Management

• Rajneesh Oswal – Chairman and Managing Director
• Vishal Oswal – Vice-Chairman and Managing Director
• Kunal Oswal – Whole Time Director
• Rakesh Kumar Mahajan – Chief Financial Officer
• Parminder Singh – Company Secretary

Latest Updates on Shreyans Industries Limited

• Operational upgrades: Installed a full hood, pocket ventilation, and advanced steam and condensate systems at the Ahmedgarh unit. Commissioned a new rewinder at the Banah unit to improve production efficiency and quality consistency.
• Production performance: Reported total paper production of 87,250 metric tonnes during FY 2024–25, compared to 89,466 metric tonnes in the previous year, with the decline attributed to planned shutdowns for major upgrades and maintenance.
• Governance and Board changes: Appointment of Mrs. Shalini Gupta as Independent Director effective October 8, 2024. The Board also approved the reappointment of key executives and directors as part of governance continuity.
• Credit ratings: CARE Ratings reaffirmed the Company’s standings at CARE A‑; Stable for long-term facilities and fixed deposits, and CARE A2+ for short-term bank facilities, reflecting a stable outlook and strong financial fundamentals.
• Markets and presence: Continued focus on both domestic and export customers, with operations and production assets entirely within India. Exports contributed approximately 4% of total revenue during the reporting year.
• Financial disclosures: The Board of Directors approved the audited financial statements for FY 2024–25 on May 23, 2025. The Company confirmed strong compliance with all statutory and listing obligations.