Pudumjee Paper Products Limited has initiated a postal ballot process seeking shareholder approval for the appointment of a new independent director and the alteration of its Memorandum of Association to include renewable energy trading. The company has submitted newspaper publication clips of the notice to the National Stock Exchange of India Ltd. and BSE Ltd. as part of its regulatory compliance.

The company proposes to appoint Mr. Anil Shankarlal Mittal as a Non-Executive Independent Director for a period of five years effective from May 22, 2026, to May 21, 2031. Mr. Mittal, who holds a DIN of 00040337, was initially appointed as an Additional Director by the Board on May 22, 2026. His appointment is intended to fill the vacancy caused by the expiration of Mr. Basant Khaitan’s term on May 27, 2026, ensuring compliance with the Companies Act, 2013, and SEBI LODR Regulations.

In addition to the board appointment, the company seeks approval to alter Clause 3(b) of its Memorandum of Association. The proposed amendment involves inserting a new sub-clause to authorize the generation of electricity from solar, wind, and other renewable sources. This clause will permit the company to sell or trade surplus electricity generated from these renewable facilities through power exchanges, distribution licensees, or government authorities. The company stated that this move is aimed at the economically efficient utilization of surplus power and does not signify a change in its principal business activities.

The remote e-voting facility, managed by M/s. KFin Technologies Limited, is available to members whose names appear on the Register of Members or List of Beneficial Owners as on the cut-off date of June 5, 2026. The voting process is entirely electronic, with no physical dispatch of postal ballot forms. The schedule for the voting process is detailed below:

Ms. Savita Jyoti, a Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the postal ballot process. The Board of Directors recommends the approval of both resolutions. The notice and explanatory statement are available on the company’s website.

Pudumjee Paper Products Limited announced that Non-Executive Independent Director Mr. Basant Kumar Khaitan will retire from the Board effective May 27, 2026, upon the completion of his tenure. The company disclosed this development in a regulatory filing submitted to the exchanges, citing the provisions of Section 149 of the Companies Act, 2013. Consequently, Mr. Khaitan will cease to serve as Chairman or Member of the various committees of the Board on which he currently holds a position.

The Shareholders of the company had re-appointed Mr. Basant Kumar Khaitan for a second term at the Annual General Meeting held on August 21, 2021. His current term spanned from September 17, 2021, to May 27, 2026. The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Change

The filing provided specific details regarding the director's cessation and the regulatory framework governing the disclosure. The information was submitted in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.