Kay Power & Paper Limited successfully conducted an Extra Ordinary General Meeting (EGM) on March 23, 2026, to address the appointment of statutory auditors. The meeting resulted in overwhelming shareholder approval, with the resolution passing by 99.9998% of votes polled.

Meeting Details and Proceedings

The EGM commenced at 3.00 PM (IST) at the company's registered office located at Gat No. 454/457, Village Borgaon, Tal./Dist. Satara - 415519. The meeting was held with the requisite quorum present, with the Chairman welcoming members and introducing directors and independent directors to attendees.

Voting Arrangements and Participation

The company implemented a comprehensive voting mechanism to ensure maximum member participation. Remote e-voting facility was made available to shareholders, allowing them to cast votes electronically on the resolution mentioned in the notice.

Resolution Results and Voting Breakdown

The EGM focused on approving the appointment of statutory auditors to fill a casual vacancy through an ordinary resolution. The voting results demonstrated strong shareholder support across all categories.

Scrutinizer's Report and Compliance

Mrs. Neha Doshi, Practicing Company Secretary and Proprietor of M/s Neha Doshi & Co., served as the appointed scrutinizer for both the remote e-voting process and poll conducted at the meeting. The scrutinizer's report was submitted on March 25, 2026, confirming the resolution was passed with requisite majority.

The proceedings were conducted in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Sagar Mohite communicated the meeting summary and voting results to BSE Limited, ensuring proper disclosure requirements were met under Regulation 44(3) of SEBI regulations.

Kay Power & Paper Ltd has informed BSE about a fire incident that occurred on March 12, 2026 at its external warehouse facility in Satara, Maharashtra, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal disclosure was made on March 14, 2026, following an initial intimation on March 13, 2026.

Fire Incident Details

The fire affected the company's external open storage facility used for storing wastepaper, which serves as raw material in the manufacturing process. The incident occurred at the company's premises located at Gat No. 454/457, Village Borgaon, Satara – 415519.

According to preliminary information, the fire originated from the adjacent premises of an agricultural school and subsequently spread to Kay Power & Paper's external open storage facility and nearby machinery. The exact cause of the fire is yet to be determined through proper investigation.

Response and Safety Measures

The company's internal team successfully brought the fire under control using in-house firefighting systems. Importantly, no human casualties or injuries were reported during the incident, ensuring the safety of all personnel.

Insurance Coverage and Assessment

Operational Impact and Recovery

The company has provided specific details regarding the operational impact and recovery timeline as part of the formal disclosure requirements:

The disclosure was made by Sagar Mohite, Company Secretary & Compliance Officer, in compliance with regulatory requirements. The company has assured stakeholders that appropriate measures are being taken to assess the damage and restore normal operations as quickly as possible.