Shree Rajeshwaranand Paper Mills Limited held its 34th Annual General Meeting on September 26, 2026, via Video Conferencing and Other Audio Visual Means, passing all four resolutions with 100% votes in favour from 574,855 valid votes cast.

The meeting, scheduled at 11:00 am, commenced at 11:10 am and concluded at 11:22 am. Voting was conducted through remote e-voting, with no votes recorded via venue poll. Riddhi Shah, a practising company secretary (Membership No. 20168, CP No. 17035), served as scrutinizer for both the remote e-voting and venue voting processes. The e-voting platform was provided by MUFG Intime India Private Limited.

Key resolutions passed

Shareholders approved four resolutions covering ordinary and special business items. The following table summarises the resolutions and their outcomes:

Piyush Mundra had retired by rotation and offered himself for reappointment. Ankit Kumar Soni was appointed as a non-executive independent director, while Riddhi Shah, a peer-reviewed practising company secretary, was appointed as secretarial auditor of the company.

Shareholder attendance and voting details

Of the 3,266 total shareholders on record, 30 attended the meeting through video conferencing. All 30 attendees were from the public (non-institutional) category. The promoter and promoter group recorded zero attendance and cast no votes across all resolutions. The following table details the attendance breakdown:

All 574,855 votes polled represented 87.44% of outstanding shares held by public non-institutional shareholders. No invalid or abstained votes were recorded for any of the four resolutions. The remote e-voting facility was active from September 23, 2026, to September 25, 2026.

Voting results summary

The scrutinizer's consolidated report confirmed that all resolutions were passed with requisite majority. The table below presents the consolidated voting outcome across all resolutions:

The promoter and promoter group were not interested in any of the four agenda items. The AGM notice was dated September 1, 2026, and the proceedings were conducted in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shree Rajeshwaranand Paper Mills Limited approved a preferential allotment of 1,20,00,000 equity shares aggregating to ₹12 crore at its board meeting held on September 19, 2026. The issuance represents approximately 94.81% of the company's post-allotment share capital.

The board authorized management to apply to the Bombay Stock Exchange for in-principle approval for listing the new shares in accordance with SEBI regulations. This action advances the equity infusion and restructuring proposal initially considered by the board on July 10, 2025.

Allotment Structure

The revised allottee list replaces the proposal submitted on August 21, 2026. The total issue size remains unchanged at 120 lakh shares with a face value of ₹10 per share. Promoter group entities account for the vast majority of the allotment.

Promoter Pratik Kakadia receives the largest single allocation of 69,96,200 shares (55.27%), followed by Ramjibhai Kakadiya with 39,46,680 shares (31.18%). Other significant allocations include Hetal Kakadiya (5,43,320 shares) and Shardaben Kakadiya (5,00,000 shares).

What the Numbers Show

The concentration of the allotment within the promoter group is notable. The top four allottees—Pratik Kakadia, Ramjibhai Kakadiya, Hetal Kakadiya, and Shardaben Kakadiya—collectively receive 90% of the total issued equity. This structure suggests a strategic consolidation of ownership or a specific funding requirement met primarily by existing controlling stakeholders rather than broad-based institutional participation.