Shree Ajit Pulp and Paper Limited passed all three resolutions proposed at its 31st Annual General Meeting (AGM) held on September 30, 2026. The meeting was conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM), in compliance with SEBI regulations permitting virtual gatherings.

The company’s shareholders voted to adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. This ordinary resolution received unanimous support from the votes polled, with 44,02,060 votes cast in favour and zero against. The total number of shares represented in the voting was 88,95,217, with a turnout of approximately 49.49% of outstanding shares participating in the e-voting process for this item.

Director Appointments and Reappointments

Two key governance resolutions were also approved by the members. The first involved the re-appointment of Mrs. Bela Shah (DIN: 01044910) as a director liable to retire by rotation. This ordinary resolution saw 11,37,300 votes in favour and only 62 votes against, resulting in a 99.99% approval rate among those who voted. Notably, promoter group participation was lower for this specific resolution compared to others, with 11,15,244 shares voted by promoters versus 43,79,942 for the financial statements adoption.

The second governance resolution concerned the appointment of Mrs. Nishtha Harivanshi Pamnani (DIN: 10881910) as an Independent Director. This special resolution required a higher threshold but was comfortably passed with 44,01,998 votes in favour and 62 votes against. The overwhelming support indicates strong shareholder confidence in the board’s composition changes.

What the Numbers Show

A distinct pattern emerges when comparing voter turnout across the three resolutions. While the adoption of financial statements (Resolution 1) and the appointment of the Independent Director (Resolution 3) both recorded total votes polled of roughly 44 lakh, representing nearly half the outstanding share capital, the re-appointment of Mrs. Bela Shah (Resolution 2) saw significantly lower participation. Only 11,37,362 votes were polled for Resolution 2, which is less than a third of the volume seen in the other two items. This suggests that while institutional or larger public shareholders may have participated selectively, the core promoter block maintained consistent voting patterns across all agenda items, ensuring all resolutions passed with requisite majorities despite varying overall engagement levels.

Shree Ajit Pulp & Paper has scheduled its 31st Annual General Meeting for September 30, 2026. The meeting will be conducted through video conferencing or other audio-visual means.

The company notified the Bombay Stock Exchange on September 14, 2026, regarding the advertisement published in The Indian Express and Sandesh. The notice outlines the voting process and book closure dates for shareholders.

Meeting Schedule

The AGM is set for 11:00 am on Wednesday, September 30, 2026. Members can participate remotely without physical presence at a common venue, in compliance with Ministry of Corporate Affairs and SEBI circulars.

E-Voting Details

Shareholders holding physical or dematerialized shares as of the cut-off date may cast votes electronically via Central Depository Services (India) Limited.

Members who vote remotely before the meeting cannot vote again during the AGM. Those participating in the AGM but not having voted remotely can use the facility during the meeting.

Book Closure

The register of members and share transfer books will remain closed from September 23, 2026, to September 30, 2026, inclusive. This closure facilitates the determination of eligible members for the AGM.

Accessing Documents

The Annual Report for the year ended March 31, 2026, and the AGM notice were emailed on September 8, 2026, to registered members. Physical communications with web links were dispatched to others. Documents are also available on the company website and stock exchange portals.