Kkalpana Industries (India) Limited has issued a postal ballot notice seeking shareholder approval for material related party transactions with two fellow subsidiaries for Financial Year 2026-27. The company's board approved these proposals on 9th February, 2026, subject to member consent through remote electronic voting.

Newspaper Publication Compliance

In compliance with SEBI Listing Regulations 30 and 47, the company published the postal ballot notice in newspapers on 7th April, 2026. The publication appeared in "Business Standard" (English newspaper - All India Edition) and "Sukhabar" (Bengali newspaper - Vernacular Language Local Edition), ensuring regulatory compliance for the voting process.

Proposed Related Party Transactions

The company seeks approval for transactions with two related entities, both fellow subsidiaries sharing common holding company Bbigplas Poly Private Limited:

Transactions with Ddev Plastiks Industries Limited

Transactions with Ddev Plastic Limited

Business Rationale and Background

The transactions are designed to leverage operational synergies between the related entities. Ddev Plastiks Industries Limited, which acquired the company's compounding business through an NCLT order dated 4th March, 2022, can provide cost-efficient products due to economies of scale. The company retained its recycling (upcycling) business, creating complementary operational opportunities.

These arrangements enable consistent supply of desired quality materials, technical assistance in production processes, and support for environmental compliance including EPR credits and waste disposal management.

Financial Context and Materiality

Based on the company's audited annual turnover of ₹40.50 crores for FY 2024-25, the materiality threshold for related party transactions stands at ₹4.05 crores (10% of turnover). The proposed transaction limits significantly exceed this threshold, necessitating shareholder approval under Section 188 of the Companies Act, 2013 and Regulation 23 of SEBI Listing Regulations.

Historical Transaction Data

Previous Transactions with Ddev Plastiks Industries Limited

Previous Transactions with Ddev Plastic Limited

E-Voting Process and Timeline

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. Key dates include:

Governance and Compliance

Mr. Ashok Kumar Daga (Membership No. FCS: 2699 and CP No: 2948), Practicing Company Secretary, has been appointed as Scrutinizer for the postal ballot process. The voting rights will be proportionate to equity shareholding as on the cut-off date.

As per SEBI Listing Regulations, related parties cannot vote on these resolutions. The transactions will be conducted at arm's length pricing in the ordinary course of business, with mutual determination of terms and conditions based on market values.

The postal ballot notice has been sent electronically to members whose email addresses are registered with depositories or the company's registrar. Physical ballot forms will not be accepted in compliance with MCA circulars and SEBI guidelines.

Kkalpana Industries (India) Limited has informed BSE Limited about its compliance with SEBI's requirement for publicizing the special window facility for transfer and dematerialisation of physical securities. The company submitted newspaper publications for the second bi-monthly period as mandated by regulatory guidelines.

SEBI Special Window Initiative

The Securities and Exchange Board of India issued Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026, establishing a special window for transfer and dematerialisation of physical securities. This facility addresses securities that were sold or purchased prior to April 1, 2019 but were subsequently rejected, returned, or not processed due to deficiencies in documents or procedures.

Newspaper Publication Details

Kkalpana Industries published the special window notice in two newspapers on April 4, 2026, ensuring compliance with SEBI's requirement for bi-monthly publicity through various media channels including print and social media.

Regulatory Compliance Framework

The SEBI circular mandates that companies publicize the special window facility once every two months during the one-year operational period. This ensures adequate awareness among investors and stakeholders about the opportunity to process previously rejected physical securities transactions.

The company has also hosted detailed information about the special window facility on its official website at www.kkalpanagroup.com , providing additional accessibility for stakeholders seeking information about the transfer and dematerialisation process.

Communication and Documentation

The formal communication was addressed to BSE Limited's Listing Department and copied to The Calcutta Stock Exchange Limited. Company Secretary Swati Bhansali (Membership No. ACS 52755) signed the submission digitally on April 4, 2026, ensuring proper documentation and regulatory compliance for the special window publicity requirements.