Shree Ajit Pulp & Paper Limited has successfully completed its postal ballot process through remote e-voting, with all three proposed special resolutions receiving approval from shareholders. The company announced the voting results on March 23, 2026, confirming that the resolutions were passed with requisite majority on March 19, 2026.

Postal Ballot Process Overview

The postal ballot notice was issued on February 9, 2026, with a total of 2,235 shareholders eligible to vote as of the cut-off date of February 13, 2026. The voting process was conducted exclusively through remote e-voting, facilitated by Central Depository Services (India) Limited (CDSL). The e-voting period commenced on February 18, 2026 at 09:00 AM and concluded on March 19, 2026 at 5:00 PM.

Director Re-appointment Results

Three special resolutions were put to vote, all relating to key director re-appointments:

Shareholder Participation Analysis

The voting participation varied across the three resolutions due to interested party considerations. For Resolution 1 regarding the Independent Director appointment, 36 members participated, casting a total of 46,60,409 votes representing 52.39% of outstanding shares.

For Resolutions 2 and 3, which involved interested promoters, participation was lower with 31 members voting. Out of six promoters, two non-interested promoters (Mr. Suresh C Shah and Mrs. Sunita Suresh Shah) participated in voting, while four interested promoters abstained as required by regulations.

Scrutinizer Validation and Compliance

CS Shilpi Thapar of M/s. Shilpi Thapar & Associates, appointed as the scrutinizer, validated the entire voting process. The scrutinizer confirmed that all resolutions were passed with the requisite majority and that the voting process was conducted in compliance with the Companies Act, 2013 and SEBI LODR Regulations, 2015.

The voting results and scrutinizer's report have been uploaded on the company's website ( www.shreeajit.com ) and CDSL's e-voting portal ( www.evotingindia.com ) as required under regulatory provisions. The company has also informed BSE Limited about the successful completion of the postal ballot process for record and dissemination purposes.

Shree ajit pulp & paper Limited has appointed M/s. J B R & CO LLP as its Internal Auditor for the Financial Year 2025-2026, following a board meeting decision taken on February 24, 2026. The company informed BSE Limited about this appointment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Official Communication to BSE

The company submitted its official communication to BSE Limited on February 24, 2026, with BSE Scrip Code 538795. The communication was digitally signed by Company Secretary and Compliance Officer Chinmay Mayankkumar Methiwala (ACS: 48146) at 17:12:49 on the same day. The letter was addressed to the Corporate Relationship Department at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

Internal Auditor Appointment Details

The company has provided comprehensive details about the newly appointed internal auditor as per regulatory requirements:

Regulatory Compliance Framework

The appointment follows the company's commitment to maintaining robust internal audit mechanisms as required under corporate governance norms. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations. The company has fulfilled its disclosure obligations by promptly informing BSE Limited about this corporate development through proper documentation and digital authentication.

Company Operations and Contact Details

Shree Ajit Pulp and Paper Limited operates from its registered office located at Survey No. 239, Near Morai Railway Crossing, Village Salvav, Via-Vapi, District Valsad, Pin 396191, Gujarat. The company maintains its corporate identification number as L21010GJ1995PLC025135 and can be contacted at +91 260 6635700. The manufacturing works are situated at Survey No. 239, Village Salvav, 106, 107, 108P & 105P, Morai, Near Morai Railway Crossing, Via-Vapi, District Valsad, Gujarat.