Emami Paper Mills Limited (NSE: EMAMIPAP) filed a corrigendum on July 23, 2026, to the outcome of its board meeting held on July 22, 2026, according to an exchange filing submitted to the National Stock Exchange at 11:47 AM. The company has not disclosed the specific nature of the correction, making it a development investors should monitor for any material revision to previously announced financials or corporate actions.
Dividend Track Record: Unchanged at ₹1.60 Per Share for Four Years
Emami Paper Mills has maintained a final dividend of ₹1.60 per equity share consistently across every disclosed payout in its recent history. The board recommended this amount on May 20, 2025 for FY2024-25, on May 28, 2024 for FY2023-24, and declared the same ₹1.60 per share on May 25, 2022. This represents a flat dividend trajectory with no growth in per-share payout over at least a four-year period, indicating a stable but non-escalating income stream for shareholders.
Dividend Yield Context
With live quote data unavailable at the time of this report, a precise real-time dividend yield calculation cannot be provided. However, investors can compute the yield by dividing the annual dividend of ₹1.60 per share by the prevailing market price. At a hypothetical price of ₹80 per share, this would translate to a yield of 2.0%. At ₹60 per share, the yield rises to approximately 2.67%. Investors are advised to cross-check the current traded price on NSE to arrive at an accurate yield figure before drawing income-based conclusions.
What the Corrigendum Means for Investors
A corrigendum to a board meeting outcome can range from a minor typographical correction to a substantive revision of resolutions passed, financial figures disclosed, or dates announced. SEBI regulations require companies to promptly rectify any errors in exchange filings. Until the full text of the corrigendum attachment is reviewed, investors should treat the original July 22, 2026 board outcome as subject to amendment. Key areas to watch include:
- Any revision to dividend amounts or record dates, if a dividend was declared at the July 22 meeting
- Corrections to quarterly or annual financial results, if those were part of the original announcement
- Changes to any capital-raising, merger, or acquisition resolutions
Company Background
Emami Paper Mills Limited is a Kolkata-based manufacturer of newsprint and writing-printing paper, forming part of the diversified Emami Group. The company operates in the paper and paper products sector, which is subject to input cost volatility tied to waste paper prices, energy costs, and domestic demand from the print media and education segments. The paper industry in India has faced structural headwinds from declining newsprint demand alongside steady growth in packaging and specialty paper categories.
Investor Takeaway
The immediate actionable point for shareholders of EMAMIPAP is to review the full text of the corrigendum filing on the NSE website to identify precisely what has been amended in the July 22, 2026 board meeting outcome. The company's dividend history confirms a reliable but flat ₹1.60 per share annual payout since at least FY2022, with no upward revision recorded across the disclosed announcement period. Any change to this pattern or to the financial disclosures made on July 22 would be material information for existing and prospective investors.