Maha Kosh Papers Private Limited, a promoter group entity, has disclosed the sale of shares in anik industries Limited under regulatory compliance requirements. The transaction represents a reduction in the company's shareholding position through open market sales.

Transaction Details

The share sale transaction involved 73,900 equity shares, representing 0.26% of the total voting capital. The shares were sold through open market transactions on March 17, 2026.

Shareholding Changes

The transaction resulted in a change in Maha Kosh Papers' shareholding position in Anik Industries Limited. The company's stake decreased from 1.51% to 1.25% of the total voting capital.

Company Structure

Anik Industries Limited maintains its equity structure unchanged following the transaction. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Maha Kosh Papers Private Limited, incorporated in 1981 with CIN U99999MH1981PTC025380, filed the disclosure as a promoter group entity. The document was signed by Director Narendra R. Gadekar (DIN: 03019790) on March 20, 2026.

Anik Industries Limited has issued a comprehensive postal ballot notice to shareholders, seeking approval for significant corporate governance changes through electronic voting. The company has outlined two key resolutions requiring shareholder consent, with the voting process scheduled to commence shortly.

Key Resolutions for Shareholder Approval

The postal ballot addresses two critical matters that require shareholder approval. The first involves the appointment of a new Whole-Time Director, while the second concerns the reclassification of promoter group entities to public category status.

Director Appointment Details

The company proposes to appoint Mr. Mahesh Kumar Sharma (DIN: 09078331) as Whole-Time Director through a Special Resolution. Mr. Sharma was initially appointed as Additional Director by the Board on January 20, 2026, subject to shareholder approval.

Mr. Sharma brings over 24 years of diversified experience in financial operations and due diligence across various industries. He holds a Master's degree in Law (LLM) and has been associated with the company since 2018. The appointee currently holds directorships in Revera Milk & Foods Private Limited, Dhanania Rubber Limited, and One Rajarhat Maintenance LLP.

Promoter Reclassification Initiative

The second resolution seeks approval for reclassifying promoter and promoter group entities to public category under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This reclassification has received No-Objection Certificates from both BSE and NSE dated January 20, 2026.

Several other promoter group entities holding nil shares are also included in the reclassification proposal, including various HUFs and private limited companies previously classified under the promoter group category.

Voting Process and Timeline

The company has established a comprehensive e-voting framework for the postal ballot process. The voting will be conducted exclusively through electronic means, with no physical ballot forms being distributed to shareholders.

Mr. Amit Jain, Proprietor of M/s. Amit Preeti & Associates, Practicing Company Secretary (Membership No.: F-7859 & COP No.: 24303), has been appointed as Scrutinizer for conducting the postal ballot process. The Board of Directors approved this appointment at their meeting held on February 12, 2026.

Company Financial Performance Context

The postal ballot notice includes the company's recent financial performance data, providing context for the proposed appointments. The company reported revenue from operations of Rs. 11637.25 lakhs for FY 2024-25 on both standalone and consolidated basis, compared to Rs. 10060.00 lakhs in the previous year.

The company operates primarily in trading, real estate, mining, and other business segments. It was incorporated on February 10, 1976, and has been in commercial operation since receiving its commencement of business certificate on the same date.

Shareholders whose names appear in the Register of Members as on the cut-off date and have registered email addresses will receive the postal ballot notice electronically. The results will be published on the company's website at www.anikgroup.com and communicated to both NSE and BSE where the company's equity shares are listed.