Kiran Print Pack Limited shareholders approved all six resolutions proposed at the 37th Annual General Meeting held on September 24, 2026. The voting results, filed with BSE on September 25, 2026, confirm that every agenda item received the requisite majority support.

The meeting, chaired by Managing Director Karan Kamal Mohta, addressed critical governance and asset disposal matters. Key approvals included the re-appointment of Vinodkumar Bajranglal Dalmia as an Independent Non-Executive Director for a second term of 5 years and the sale of the company's industrial land and building. The disposal of industrial assets was classified as a material related party transaction under Section 180 of the Companies Act, 2013.

Voting outcomes on key resolutions

The scrutinizer's report details that promoter group members abstained from voting on three specific resolutions due to their interest in the transactions: the material related party transaction (Resolution 3), the special resolution for asset sale (Resolution 4), and the ratification of managerial remuneration (Resolution 6). Consequently, the votes for these items were determined solely by public shareholders.

For the non-related party resolutions, including the adoption of financial statements and director re-appointments, both promoters and public shareholders participated. The total number of shares held was 50,02,900. The overall turnout for most resolutions stood at approximately 77.79% of outstanding shares, with overwhelming support from both promoter and public categories.

Governance and compliance details

The new term for Dalmia is effective from September 29, 2026, and will continue until September 28, 2031. He holds DIN 03018994 and brings over 30 years of experience in management and administration to the board. The company confirmed that he is not related to any other director and is not debarred from holding office by SEBI or any other authority.

Statutory auditors M/s. VMRS & Co. and scrutinizer Narottam Bagaria attended virtually. No qualifications or adverse remarks were noted in the reports of the Statutory Auditor and Secretarial Auditor. The e-voting facility remained open for 15 minutes after the discussion to allow late participation. Voting results were disseminated to BSE Limited and published on the company website within two working days.

What the numbers show

The voting data reveals a distinct pattern in shareholder participation based on conflict of interest. For resolutions where promoters were interested (Resolutions 3, 4, and 6), promoter votes were excluded, leaving public shareholders to decide. In these cases, public shareholders voted overwhelmingly in favour (99.88%), indicating strong minority support for the asset disposal and remuneration waiver despite the potential conflicts. Conversely, for standard governance matters like financial statement adoption, total participation was higher at 77.79%, driven by full promoter participation alongside public shareholders.

Kiran Print Pack Limited has scheduled a board meeting for Tuesday, September 1, 2026, at its registered office in Navi Mumbai.

The meeting will focus on approving the financial results for the fiscal year ended March 31, 2026, along with the Directors' Report and its annexures.

Agenda Highlights

The Board of Directors will also determine the date, time, and venue for the company's 37th Annual General Meeting (AGM). Key administrative decisions include fixing the closure dates for the Register of Members and Share Transfer Book, as well as setting the cut-off date for e-voting.

Additionally, the board will appoint scrutinizers to oversee the e-voting process for the upcoming AGM.

Asset Sale Proposal

A significant item on the agenda is the consideration and approval of the sale and transfer of the company's industrial land and building. The property is located at W-166 E, TTC Industrial Area, MIDC Pawane, Navi Mumbai.