Shree Ajit Pulp and Paper Limited resumed operations at its Unit 1 facility on a trial basis from the evening of October 11, 2026. The restart follows a period of operational disruption caused by severe flooding in the region.

The company informed BSE Limited in a filing dated October 12, 2026, that the resumption is in continuation of earlier communications regarding the impact of the natural calamity. The affected unit is located in Valsad district, Gujarat. This development marks a significant step toward restoring full production capacity following the flood-induced halt.

Operational details

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that activities at Unit 1, situated near Morai Railway Crossing in Vapi, have restarted on a trial basis. The move signals progress in recovery efforts after the facility was rendered non-operational due to waterlogging and infrastructure damage from the floods.

Key facts

The company has not disclosed specific financial impacts or the expected timeline for returning to full capacity utilization. Stakeholders will monitor subsequent filings for updates on revenue implications and the stabilization of supply chains.

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.