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.

Shree Karthik Papers Limited will hold its 35th Annual General Meeting on September 23, 2026. The meeting is scheduled for 4:30 pm at the company's registered office in Coimbatore and will be conducted via video conferencing.

The board of directors has not recommended any dividend for the fiscal year ended March 31, 2026. Consequently, no provision for dividend tax applies for FY26.

E-voting Schedule

Shareholders can participate in remote e-voting through Central Depository Services (India) Limited. The voting window and key dates are as follows:

Only members registered in the Register of Members or with Depositories as of the cut-off date are eligible to vote. Voting rights are proportional to paid-up share capital held on that date.

Meeting Details

The notice for the AGM and the annual report for FY26 were dispatched to shareholders on August 27, 2026. Shareholders who have not registered email addresses can access the annual report via the company website.

Members attending the AGM via video conferencing or other audio-visual means can cast votes during the meeting if they have not already voted remotely. Participants joining virtually count toward the quorum under Section 103 of the Companies Act, 2013.

The register of members and share transfer books will remain closed from September 17, 2026, to September 23, 2026, inclusive.