Net profit of Orient Paper & Industries rose 105.45% to Rs 32.42 crore in the quarter ended March 2019 as against Rs 15.78 crore during the previous quarter ended March 2018. Sales rose 9.10% to Rs 198.13 crore in the quarter ended March 2019 as against Rs 181.61 crore during the previous quarter ended March 2018.

For the full year,net profit rose 106.23% to Rs 101.65 crore in the year ended March 2019 as against Rs 49.29 crore during the previous year ended March 2018. Sales rose 7.36% to Rs 710.04 crore in the year ended March 2019 as against Rs 661.36 crore during the previous year ended March 2018.

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Orient Paper & Industries announced that the Board of Directors of the Company at its meeting held on 02 May 2019, has recommended a Final dividend of Rs.0.6 per share (i.e.60%), subject to the approval of the shareholders.

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Orient Paper & Industries will hold a meeting of the Board of Directors of the Company on 2 May 2019.

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The Board of Orient Paper & Industries has appointed Srinivasan Vishvanathan (DIN No. 02255828) as an additional Director and as an Independent Director for a period of five years effective from 25 March 2019.

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