Seshasayee Paper & Boards Limited has received a regulatory disclosure from promoter group entity Dhanashree Investments Private Limited regarding the acquisition of additional equity shares. The transaction, completed on March 16, 2026, represents a strategic increase in the promoter group's stake in the Tamil Nadu-based paper manufacturing company.

Share Acquisition Details

Dhanashree Investments Private Limited acquired 17,118 equity shares of face value Rs. 2 each through open market purchases on the National Stock Exchange. The shares were purchased at Rs. 250.63 per share, representing a total transaction value of approximately Rs. 42.89 lakhs.

Shareholding Pattern Changes

The acquisition has resulted in a marginal increase in Dhanashree Investments' shareholding in Seshasayee Paper and Boards Limited. The promoter group entity's stake has increased from 4.7506% to 4.7778% of the company's total share capital.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Dhanashree Investments Private Limited, identified as a promoter group entity, submitted the required documentation to both the company and stock exchanges on March 16, 2026.

The company's total equity share capital remains unchanged at 63,068,140 shares with a face value of Rs. 2 each. Seshasayee Paper and Boards Limited is listed on both NSE (scrip code: SESHAPAPER) and BSE (scrip code: 502450), with its registered office and manufacturing facilities located in Pallipalayam, Namakkal District, Tamil Nadu.

Seshasayee Paper & Boards Limited has officially declared the results of its postal ballot process on March 12, 2026, at 11:00 AM at the company's registered office in Pallipalayam, Namakkal District. The results confirm overwhelming shareholder support for two critical director appointments that will strengthen the company's governance structure.

Board Approval and Postal Ballot Process

The Board of Directors at their meeting held on January 31, 2026, had unanimously approved both director appointments and recommended them to shareholders for approval through postal ballot under Section 108 and 110 of the Companies Act, 2013. The company provided electronic voting facility through National Securities Depository Limited (NSDL) and published advertisements in Business Standard and Dinamalar on February 10, 2026.

Director Appointment Results

Both resolutions received exceptional shareholder support with 99.95% approval rates, demonstrating strong confidence in the company's leadership decisions. The appointments were approved pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Re-appointment of N Gopalaratnam as Chairman

The special resolution for re-appointing Sri N Gopalaratnam (DIN: 00001945) as whole-time Director, designated as Chairman for three years with effect from April 1, 2026, received overwhelming support.

Appointment of Anurag Mishra as Nominee Director

The ordinary resolution for appointing Sri Anurag Mishra, IFS (DIN: 11389352), Special Secretary, as Nominee Director also received similar overwhelming support from shareholders.

Director Profiles and Qualifications

Sri N Gopalaratnam, aged 78 years, is a Mechanical Engineer with over 55 years of specialization in design, operation and management of Pulp and Paper Industry. His re-appointment is for a fixed term of three years from April 1, 2026 to March 31, 2029, liable to retire by rotation.

Sri Anurag Mishra, IFS, aged 58 years, serves as Special Secretary (Environment, Climate Change) in the Environment, Climate Change and Forests Department, Government of Tamil Nadu. He was initially appointed as Additional Director on January 31, 2026.

Regulatory Compliance and Corporate Governance

The resolutions were deemed passed on March 12, 2026, when the scrutinizer issued the report containing e-voting results. Both directors are not debarred from holding the office of Director by virtue of any SEBI order or any other authority. The appointments comply with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The results were communicated to BSE (Stock Code: 502450) and NSE (Stock Code: SESHAPAPER), with additional posting on the company website www.spbltd.com and NSDL's website www.evoting.nsdl.com . The overwhelming shareholder support reflects strong confidence in the company's strategic direction and governance framework.