Chadha Papers shareholders approve all resolutions at 36th AGM
- All seven resolutions passed with 100% votes in favor
- Total votes polled stood at 64,49,790, representing 63.21% of outstanding shares
- Promoter group cast 59,60,630 votes, dominating the voting outcome
- No institutional investors or remote e-voting participants recorded
- Related party transactions with four entities approved unanimously
*this image is generated using AI for illustrative purposes only.
Chadha Papers Limited shareholders unanimously approved all seven resolutions at the 36th Annual General Meeting held on September 30, 2026. The approvals covered the adoption of FY26 financial statements, cost auditor remuneration, and multiple related party transactions.
The meeting recorded a total of 64,49,790 valid votes polled out of 10,204,040 outstanding shares, representing a turnout of 63.21%. Promoters and promoter group members cast 59,60,630 votes, while public non-institutional holders contributed 48,91,60 votes. No institutional investors participated in the voting process.
Voting breakdown on key resolutions
All agenda items, including the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, received 100% support from those who voted. The same unanimous outcome applied to the ratification of the cost auditor's remuneration and the appointment of Anuj Gupta & Associates as secretarial auditor.
The shareholders also approved related party transactions with four entities: K Recycling Private Limited, Amanbox Factory Private Limited, ATPAC Industries, and Wave Distilleries and Breweries Limited. In each case, the promoters declared no interest in the respective resolutions, allowing them to vote without restriction under the Companies Act, 2013.
| Resolution Item | Votes in Favor | Votes Against | % In Favor | Result |
|---|---|---|---|---|
| Adoption of Financial Statements (FY26) | 64,49,790 | 0 | 100% | Passed |
| Ratification of Cost Auditor Remuneration | 64,49,790 | 0 | 100% | Passed |
| RPT with K Recycling Private Limited | 64,49,790 | 0 | 100% | Passed |
| RPT with Amanbox Factory Private Limited | 64,49,790 | 0 | 100% | Passed |
| RPT with ATPAC Industries | 64,49,790 | 0 | 100% | Passed |
| RPT with Wave Distilleries and Breweries Ltd | 64,49,790 | 0 | 100% | Passed |
| Appointment of Secretarial Auditor | 64,49,790 | 0 | 100% | Passed |
What the numbers show
The voting data reveals a complete absence of institutional participation, with zero shares voted by public institutional holders across all seven items. Furthermore, no remote e-voting was utilized; all 64,49,790 votes were cast via physical poll at the venue. This indicates that shareholder engagement is heavily concentrated among the promoter group and a small subset of retail investors present in person, with the promoter group controlling approximately 92.4% of the total votes polled.
Historical Stock Returns for Chadha Paper
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
How might the complete absence of institutional investor participation in this AGM impact future liquidity and valuation multiples for Chadha Papers Limited?
What specific operational synergies or risks are associated with the newly approved related party transactions involving K Recycling and ATPAC Industries?
Will the reliance on physical voting without remote e-voting options trigger regulatory scrutiny or pressure to modernize shareholder engagement mechanisms?
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