Shakti Press Limited shareholders overwhelmingly approved the company’s financial statements for FY26 and ratified key related-party transactions at its 33rd Annual General Meeting held on August 21, 2026. The resolutions passed with approximately 99% of votes cast in favor.

The meeting was conducted via Video Conferencing and Other Audio Visual Means (OAVM), in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Shivani Goydani, Company Secretary & Compliance Officer, presided over the proceedings.

Key Resolutions Passed

Members transacted three primary agenda items through remote e-voting and active e-voting during the session:

• Adoption of Financial Statements: Shareholders adopted the audited financial results for the fiscal year ended March 31, 2026, along with the Board’s Report and Statutory Auditors’ Report.
• Reappointment of Director: Mr. Shantanu Raghav Sharma (DIN: 02903419), who retired by rotation, was reappointed as a director after offering himself for the role.
• Ratification of Related-Party Transactions: The board sought approval for transactions entered into during FY25-26 under Section 188 of the Companies Act, 2013. These included dealings with Sankalp Marketing & Managing Services, S.S. Enterprises, Milita Wong, Key Managerial Personnel remuneration, and operational reimbursements.

Voting Process & Scrutiny

The company provided a remote e-voting facility to all members, supplemented by an active e-voting window that remained open for 15 minutes post-meeting. Ms. Sakshi Khandelwal, a Practicing Company Secretary, served as the independent Scrutinizer for the voting process. The consolidated voting results were submitted to BSE Limited and displayed on the company’s website within the statutory timeline.

What the Numbers Show

The near-unanimous support (~99%) across all three resolutions indicates strong shareholder alignment with the board’s governance decisions and financial reporting for FY26. There were no adverse remarks or qualifications from the Statutory or Secretarial Auditors, signaling clean compliance with regulatory standards.

Shakti Press Limited reported a transformative financial performance for FY26, with revenue from operations surging to ₹7,829.59 lakh, a substantial increase from ₹1,302.78 lakh in the prior year. The growth was primarily driven by the company’s strategic diversification into the agricultural sector through its new Agri Division, which contributed ₹6,805.85 lakh in external revenue. Profit after tax (PAT) rose sharply to ₹164.61 lakh compared to ₹6.70 lakh in FY25, reflecting improved operational efficiency and scale. The 33rd Annual General Meeting (AGM) is scheduled for August 21, 2026, where shareholders will adopt the audited standalone financial statements and approve related party transactions totaling ₹856.71 lakh.

In compliance with Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the annual report and AGM notice were dispatched electronically to shareholders holding shares as of July 24, 2026. Remote e-voting facilities are available from August 18, 2026, at 09:00 A.M. to August 20, 2026, at 05:00 P.M., with the cut-off date for voting rights set at Friday, August 14, 2026. The Board of Directors recommended no dividend for the year, opting instead to conserve resources for future business expansion and capital strengthening.

Financial Performance and Segment Breakdown

The company now operates through two reportable segments: Paper Division and Agri Division. While the established Paper Division generated ₹1,023.74 lakh in external revenue, the newly launched Agri Division accounted for the majority of the top-line growth with ₹6,805.85 lakh. This structural shift highlights the company’s pivot toward agri-business opportunities. Total expenses stood at ₹7,658.84 lakh, including finance costs of ₹119.41 lakh and depreciation of ₹88.89 lakh. Earnings per share (EPS) improved to ₹4.68 from ₹0.19 in the previous year.

Capital Raise and Corporate Governance

During FY26, Shakti Press Limited strengthened its capital base through significant fundraising initiatives. The company received in-principle approval from BSE Limited on January 2, 2026, for the preferential issue of 94,75,000 convertible warrants at not less than ₹27.25 per warrant. Allotment was completed in tranches on January 9, 2026, and January 17, 2026. Additionally, BSE Limited approved a proposed Rights Issue during March 2026 to support working capital requirements and future expansion. The authorized share capital was increased in December 2025 to facilitate these initiatives.

Related Party Transactions and Auditor Observations

Shareholders will vote on the ratification of related party transactions totaling ₹856.71 lakh during FY26. Key transactions include purchases from S.S. Enterprises (₹175.08 lakh) and sales to the same entity (₹330.30 lakh), as well as remuneration to key managerial personnel. Statutory Auditors M/s. D. P. Sarda & Co. highlighted several emphasis of matter points, including the non-appointment of an internal auditor as required under Section 138 of the Companies Act, 2013, and the calculation of depreciation on an aggregate basis rather than component-wise, which deviates from Ind AS 16. The auditors also noted that deferred tax assets/liabilities were not recognized, citing a departure from Ind AS 12.