Shree Karthik Papers holds 35th AGM amid sluggish global demand
- Shree Karthik Papers Limited held its 35th AGM on September 23, 2026, via video conferencing
- Members holding 75.93% of paid-up capital participated in the meeting
- Chairman cited sluggish global demand and competitive markets as challenges in FY26
- Statutory and Secretarial Audit Reports were clean with no adverse remarks
*this image is generated using AI for illustrative purposes only.
Shree Karthik Papers Limited held its 35th Annual General Meeting on September 23, 2026, at 4:30 pm through video conferencing. The company reported a challenging business environment for FY26 characterized by competitive global markets and sluggish product demand.
The meeting commenced with the Chairman and Managing Director, Vignesh Velu, presiding over the proceedings. A total of 64 members participated remotely, representing 14,509,920 shares or 75.93% of the company's paid-up capital, thereby satisfying the requisite quorum. The Company Secretary confirmed that the virtual format complied with Ministry of Corporate Affairs and Securities and Exchange Board of India circulars.
Leadership and attendance details
The Board of Directors present included key executive and independent members, while statutory auditors and secretarial auditors joined virtually to ensure compliance oversight.
| Name | Designation | Attendance Mode |
|---|---|---|
| Vignesh Velu | Chairman and Managing Director | Venue (Virtual) |
| Selvambal | Woman Director | Venue (Virtual) |
| P. Kanagavadivelu | Independent Director | Venue (Virtual) |
| C.P. Narendran | Independent Director | Venue (Virtual) |
| Paul Thangam | Statutory Auditor | Video Conferencing |
| S. Rengasamy | Secretarial Auditor and Scrutinizer | Video Conferencing |
Independent Director R. Uma Shankar was absent from the meeting having sought leave. The Statutory Auditor's Report and Secretarial Audit Report were noted as clean, with no reservations, qualifications, or adverse remarks recorded against the company's financial statements or compliance records.
Operational outlook and governance
During the address, the Chairman briefed members on the economic overview, industry operations, and personnel matters. He highlighted that the FY26 period faced significant headwinds due to intense competition in the global market. Despite these challenges, the management provided an update on turnover, profitability, and future prospects for the current year.
Voting on the agenda items was conducted through e-voting and ballot forms. Mr. Manjit Singh, who submitted a request to raise queries regarding accounts, attended via video conferencing but did not pose any questions during the session. The scrutinizer, S. Rengasamy, was tasked with compiling votes from both electronic and physical ballots, with results to be announced subsequently on the company website and BSE portal.
The meeting concluded at 5:30 pm with the Chairman expressing gratitude to shareholders, bankers, customers, and employees for their continued support.
Historical Stock Returns for Shree Karthik Papers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.63% | -3.70% | +10.17% | +33.79% | -16.31% | 0.0% |
How will Shree Karthik Papers adjust its pricing strategy to counter the intense global competition and sluggish demand identified in FY26?
What specific operational efficiencies or cost-reduction measures is management planning to implement in FY27 to mitigate the impact of the current market headwinds?
Will the company explore diversification into higher-margin paper products or new geographic markets to reduce reliance on the currently sluggish segments?
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