Seshasayee Paper & Boards shareholders approved the appointment of R.J. Ramesh as a nominee director not liable to retire by rotation. The ordinary resolution passed on September 4, 2026, with overwhelming support across all investor categories.

The postal ballot process was conducted through remote e-voting facilitated by NSDL. Voting commenced on August 5, 2026, at 9:00 am and concluded on September 3, 2026, at 5:00 pm. The company dispatched the ballot notice to shareholders registered as of July 31, 2026.

Voting Results Breakdown

A total of 31,338,911 votes were polled out of 63,068,140 outstanding shares, representing a participation rate of 49.69%. The resolution received 99.95% affirmative votes, with only 15,255 votes cast against it.

Promoter shareholders held 27,311,443 shares and voted unanimously in favour of the appointment. Institutional public shareholders participated at a lower rate of 4.07%, while non-institutional public shareholders showed higher engagement at 17.81%.

Director Profile

R.J. Ramesh (DIN: 11821767) is 58 years old and holds qualifications in B.E. and MBA. He currently serves as Deputy General Manager (IA/ISO/PP) at The Tamilnadu Industrial Investment Corporation Limited, a government undertaking. The disclosure confirms he is not related to any other director on the board under Section 2(77) of the Companies Act, 2013, nor is he debarred from holding office by SEBI or any other authority.

Scrutinizer Report

K. Sankara Subramanian, Practicing Company Secretary, served as the scrutinizer for the e-voting process. The report confirmed compliance with Section 108 and Section 110 of the Companies Act, 2013, and SEBI Listing Regulations. No invalid votes were recorded during the process.

What the Numbers Show

The near-unanimous support (99.95%) indicates minimal dissent regarding the board composition change. Promoter group participation was absolute, casting all held shares in favour, which anchors the approval despite modest institutional voting turnout.

Seshasayee Paper & Boards Limited has issued a postal ballot notice seeking shareholder approval for the appointment of R.J. Ramesh as a Non-Executive and Nominee Director, not liable to retire by rotation. The nomination is made by The Tamilnadu Industrial Investment Corporation Limited (TIIC), a Government of Tamil Nadu undertaking and the company’s single largest shareholder holding 14.27% of the equity share capital. This appointment replaces Sri Kumar Jayant, IAS, ensuring continued state government representation on the board. Shareholders must vote via remote e-voting between August 5 and September 3, 2026, to ratify the position under Section 152 and Section 161 of the Companies Act, 2013.

The Board of Directors approved Ramesh’s initial appointment as an Additional Director effective July 25, 2026. Under the Companies Act, his tenure as an Additional Director lasts until the date of the next General Meeting or three months from appointment, whichever is earlier. Consequently, shareholder ratification via postal ballot is required to confirm his permanent position. The filing cites Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for this disclosure. A notice proposing his candidature was received under Section 160 of the Act.

Ramesh, who serves as Deputy General Manager (IA/ISO/PP) at TIIC, holds a B.E. and an MBA. He is 58 years old, born on August 19, 1967, and holds DIN 11821767. He holds no shares in Seshasayee Paper & Boards Limited and has no other directorships. The company confirmed he is not disqualified or debarred by any SEBI order. His remuneration will consist of commission or sitting fees applicable to non-executive directors, within the limits prescribed by the Companies Act, 2013. No other directors or key managerial personnel have a conflict of interest beyond their general shareholding.

Shareholders are advised to cast votes exclusively through remote e-voting facilitated by National Securities Depository Limited (NSDL). Physical ballot papers are not dispatched. The voting window opens on August 5, 2026, at 9:00 AM IST and closes on September 3, 2026, at 5:00 PM IST. Only members registered on the register of members or list of beneficial owners as of the cut-off date, July 31, 2026, are eligible. Results will be announced on September 4, 2026.

Key Voting Details

What This Means for Shareholders

The appointment reinforces the governance structure tied to TIIC’s significant stake. As a nominee director not liable to retire by rotation, Ramesh provides a stable channel for the state-owned investor’s oversight without being subject to rotational retirement norms. Shareholders should ensure their email addresses are registered with their Depository Participants or the Registrar and Share Transfer Agent to access the e-voting platform. Those holding physical shares are urged to dematerialize them to facilitate future transfers and corporate actions, as per SEBI mandates.