Anuroop Packaging Limited held its 31st Annual General Meeting on September 24, 2026, where shareholders approved a special resolution to sell the company's entire undertaking. The proposal involves the disposal of factory land, building, and machinery located in Wada, Palghar.

The meeting commenced at 3:30 pm and concluded at 4:10 pm at Hotel Murli Manohar in Maharashtra. A total of 27 shareholders were present, representing both promoter and public categories. The Chairman noted that the audited financial statements for FY26 received an unqualified auditor's report.

Resolutions passed

Four resolutions were proposed for approval during the meeting. Three were ordinary resolutions covering financial adoption, director re-appointment, and auditor appointment. The fourth was a special resolution regarding the asset disposal.

Meeting attendance and governance

The board members present included Akash Amarnath Sharma (Chairman & Managing Director), Shweta Akash Sharma (Non-Executive Director), Jash Vyas (Non-Executive Independent Director), Akshay Amarnath Sharma (CFO), and Pooja Ketan Shah (Company Secretary).

Shareholder participation was recorded as follows:

The Chairman clarified that voting results would be declared upon receipt of the scrutinizer's report and uploaded to the exchange website. The special resolution marks a significant structural shift, potentially signaling a move away from manufacturing operations at the registered office location.

Anuroop Packaging has scheduled its 31st Annual General Meeting for September 24, 2026, to seek shareholder approval for the sale of its manufacturing undertaking at Wada, Palghar. The Board cites location-specific operational constraints, including labour availability and logistics challenges, as drivers for the proposed disposal.

The meeting will be held at Hotel Murla Manohar in Wada. The special resolution requires member approval under Section 180(1)(a) of the Companies Act, 2013, as the undertaking generates more than 20% of the company’s total income based on audited financial statements for FY26. The net sale proceeds, after meeting taxes and transaction expenses, may be utilized for debt repayment, working capital requirements, or strategic growth opportunities such as business expansion or asset acquisition.

Key Agenda Items

The ordinary business agenda includes:

• Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026.
• Reappointment of Mrs. Shweta Sharma as a director by rotation.
• Appointment of M/s. A Sachdev & Co as statutory auditors for a five-year term until the conclusion of the 36th AGM in FY31, replacing M/s. Banka & Banka who resigned due to pre-occupation.

Voting Details

The record date for determining voting eligibility is September 18, 2026. Remote e-voting via the NSDL system will commence on September 21, 2026, at 9:00 am and conclude on September 23, 2026, at 5:00 pm. Members holding shares in demat or physical form can cast votes electronically or appoint proxies.

What the Numbers Show

The requirement for a special resolution highlights the materiality of the Wada facility to Anuroop Packaging’s revenue base. With the unit contributing over 20% of total income, its disposal represents a significant structural shift in the company’s operational footprint, necessitating explicit shareholder consent under regulatory frameworks.