GKP Printing & Packaging shareholders approved the audited standalone financial statements for FY26 and the disposal of its manufacturing unit in Vapi during the 8th Annual General Meeting held on September 29, 2026. The resolutions were passed with significant majority support from public shareholders.

The meeting was chaired by Keval Goradia, Chairman and Managing Director. Key governance updates included the re-appointment of Payal Goradia as Executive Director and the regularization of Naresh Bhuva's appointment as an Independent Director for a five-year term.

Voting Results Breakdown

The scrutinizer's report, prepared by Monika Bhatia of M.R. Bhatia & Co., detailed the voting outcomes for each resolution. Notably, votes cast by the Promoter and Promoter Group were declared invalid for resolutions concerning related party transactions and asset disposal, as they were deemed interested parties under the Companies Act, 2013.

Governance and Compliance Details

The voting process utilized remote e-voting facilities provided by National Securities Depository Limited (NSDL). The cut-off date for eligibility was September 18, 2026. Remote e-voting commenced on September 25, 2026, and closed on September 28, 2026. Voting at the meeting itself took place via electronic means on September 29, 2026.

The Board of Directors, including Harmesh Trivedi and Ashok Mehta as Independent Directors, attended the meeting. Arushi Lakhotia served as Company Secretary and Compliance Officer. Statutory auditors Akhlaq Mutvall of M/s Keyur Shah & Associates were present as special invitees.

What the Numbers Show

The voting data reveals a distinct separation between promoter holdings and public shareholder sentiment. For Resolutions 4 and 5, which involved material related party transactions and the sale of the Vapi manufacturing unit, the Promoter Group's holding of 1,13,68,662 shares was excluded from the valid vote count. Consequently, the outcome relied entirely on the 2,53,682 shares voted by public non-institutional investors. Despite this narrow base of eligible voters, the resolutions secured over 97% support, indicating strong alignment among minority shareholders regarding the proposed asset disposal and transaction approvals.

G K P Printing & Packaging reported a 39.6% year-on-year decline in net profit after tax (PAT) to ₹51.43 lakh for FY26, driven by softer demand and rising finance costs. Revenue from operations fell 9.6% to ₹2,724.14 lakh compared to ₹3,012.31 lakh in the previous year.

The company scheduled its eighth annual general meeting for September 29, 2026, to seek shareholder approval for the sale of its manufacturing unit in Vapi, Gujarat, for up to ₹15 crore. The board approved the annual report on September 5, 2026.

Financial Performance

Revenue moderation was attributed to softer realisations and demand conditions in the packaging segment. Total income stood at ₹2,758.38 lakh, including other income of ₹34.24 lakh.

What the Numbers Show

Finance costs rose sharply from ₹35.82 lakh to ₹57.12 lakh, a 59.5% increase, significantly pressuring margins despite a reduction in depreciation and amortisation expenses from ₹87.01 lakh to ₹80.54 lakh. The debt-equity ratio improved from 0.09 times to 0.06 times, indicating reduced leverage relative to equity.

Sale of Vapi Manufacturing Unit

The proposed sale involves four contiguous non-agricultural industrial plots in Radhamadhav Eco Industrial Park, Vapi, covering 4,016.54 sq. mtrs. Acquired in February 2022 for ₹1.18 crore, the unit contributed less than 20% of total revenue in FY26. The board views the sale as a way to unlock value from an under-utilised asset without diluting equity.

Proceeds will fund working capital and redeploy resources at the primary Palghar facility. If sold to the promoter group, the transaction requires shareholder approval as a material related party transaction under Regulation 23(4) of the SEBI Listing Regulations.

Director Appointments and Re-appointments

Shareholders will vote on governance matters including:

• Re-appointment of Mrs. Payal Keval Goradia: She retires by rotation and offers herself for re-appointment. She holds 89,44,611 equity shares (40.66%).
• Appointment of Mr. Naresh Anantrai Bhuva: Appointed as an Additional Independent Director on September 4, 2026. Shareholders must approve his regularisation for a five-year term commencing from September 4, 2026.

Corporate Governance Updates

M/s M. R. Bhatia & Co, Company Secretaries based in Ahmedabad, have been appointed as the scrutinizer for e-voting at the upcoming AGM. Keval Goradia, Managing Director, was authorized to determine materiality for stock exchange disclosures.

Remote e-voting will commence on September 25, 2026, and end on September 28, 2026. The cut-off date for determining voting rights is September 18, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE05QJ01015/79109f31-b312-47a7-856e-ea35ea430537.pdf