Shree Karthik Papers Limited confirmed that its promoters held 1,42,41,700 equity shares, representing 74.52% of the company's total shareholding, with no encumbrances created during the quarter ended September 30, 2026.

This disclosure was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing affirms that the promoter group has not pledged or otherwise encumbered their holdings directly or indirectly during the specified period.

Promoter holding status

The company stated that as on September 30, 2026, nil number of shares held by the promoters were encumbered or pledged. This indicates a stable capital structure regarding promoter debt obligations linked to equity collateral for the reported quarter.

Regulatory compliance details

The confirmation was submitted to the BSE Ltd. on October 17, 2026, under reference number SKPL/BSE/26-27/. The disclosure serves to maintain transparency in promoter shareholding patterns as mandated by Indian securities regulations.

Shree Karthik Papers Limited declared the results of its 35th Annual General Meeting held on September 23, 2026, confirming that all six resolutions proposed in the notice were passed with the requisite majority.

The meeting, conducted via video conferencing at 4:30 pm, saw participation from members representing 14,532,035 votes, or 76.04% of the company's paid-up capital. Chairman and Managing Director Vignesh Velu presided over the proceedings, noting that the FY26 business environment remained challenging due to competitive global markets and sluggish product demand.

Voting participation and demographics

The voting process, facilitated by Central Depository Services Limited (CDSL), involved remote e-voting from September 20 to September 22, 2026, and e-voting at the meeting venue. The Scrutinizer, S. Rengasamy, submitted his consolidated report on September 24, 2026. The notice was sent to shareholders on the register as of August 26, 2026, with a cut-off date for voting eligibility set at September 16, 2026.

Data from the scrutinizer's report reveals a stark contrast in participation between promoter and public shareholders. Promoters and promoter group members, holding 14,241,700 shares, voted 100% of their holdings in favor of all resolutions. In contrast, public non-institutional shareholders, who held 4,745,200 shares, cast votes for only 290,335 shares (approximately 6.12% of their holding). Public institutions holding 123,100 shares did not participate in the voting.

Resolution outcomes

The following key resolutions were approved:

1. Adoption of Financial Statements: The audited financial statements for the year ended March 31, 2026, were adopted.
2. Director Reappointment: Smt. Selvambal Sengottu Velu was re-appointed as a Director liable to retire by rotation.
3. Continuation of Directorship: Consent was granted for Smt. Selvambal Sengottu Velu to continue as a Non-Executive Director despite attaining the age of 76 years on July 15, 2026, in compliance with SEBI regulations.
4. Sale of Land: Approval was accorded to sell vacant freehold lands admeasuring 16.479 acres in Kottur Village, Pollachi Taluk, for a total consideration of ₹2.61 crore. The resolution specified that proceeds would be used for procurement of raw materials.
5. Secretarial Auditor Appointment: Sri S. Rengasamy was appointed as Secretarial Auditor for five consecutive financial years from 2026-27 to 2030-31.
6. Creation of Charge: The Board was authorized to create mortgages or charges on movable and immovable properties up to a maximum limit of ₹6.86 crore to secure working capital limits from banks.

In all six resolutions, the votes cast in favor stood at 14,532,026, while votes against totaled just 9, indicating overwhelming shareholder support for the management's proposals.

What the numbers show

The voting data highlights a significant concentration of power within the promoter group. With promoters holding approximately 74.5% of the total outstanding shares (14,241,700 out of 19,110,000), they effectively control the outcome of all shareholder votes. The minimal participation by public non-institutional shareholders (only 6.12% of their total holding voted) further reinforces this dynamic, as the dissenting 9 votes represent a negligible fraction of the total polled votes. This structure ensures that management proposals face virtually no opposition regardless of broader public sentiment.