Sundaram Multi Pap Limited announced the results of its 32nd Annual General Meeting held on September 29, 2026. All seven proposed resolutions were passed with the requisite majority through electronic voting.

The meeting, conducted via Video Conferencing and Other Audio-Visual Means, saw participation from 76 shareholders. The scrutinizer's report, submitted to stock exchanges on October 1, 2026, confirmed that no invalid votes were recorded across any of the agenda items.

Key Resolutions Passed

The shareholders approved the adoption of audited standalone financial statements for the fiscal year ended March 31, 2026. This ordinary resolution received overwhelming support, with 99.97% of valid votes cast in favor.

Additionally, the company approved the appointment of Shantilal P. Shah as a director retiring by rotation. This resolution also passed as an ordinary resolution with 99.52% votes in favor.

Director Reappointments

Four special resolutions regarding the reappointment of key managerial personnel and independent directors were passed:

• Amrut P. Shah was reappointed as Managing Director with 97.22% votes in favor.
• Shantilal P. Shah was reappointed as Whole-Time Director with 97.22% votes in favor.
• Krunal S. Shah was reappointed as Whole-Time Director with 99.92% votes in favor.
• Jyoti C. Gala was reappointed as Woman Independent Director for a second term of five years with 99.52% votes in favor.
• Mahesh D. Bhanushali was reappointed as Independent Director for a second term of five years with 99.52% votes in favor.

Voting Participation Details

The voting results highlight a significant disparity in participation between promoter and public shareholders. Promoter and promoter group entities voted on 14.74 crore shares for the first two resolutions, while public non-institutional shareholders voted on approximately 2.96 crore shares.

What the Numbers Show

A distinct pattern emerges in the voting behavior regarding related-party transactions versus general corporate matters. For the reappointments of Amrut P. Shah and Shantilal P. Shah, where the promoter group is interested, the promoter group abstained from voting entirely. Consequently, the outcome relied solely on public shareholder approval, which stood at 97.22% in favor. In contrast, for the adoption of financial statements and the appointment of the retiring director (where promoters voted), the support rate exceeded 99.5%, indicating stronger consensus when promoter votes are included.

Sundaram Multi Pap has scheduled its 32nd Annual General Meeting for Tuesday, September 29, 2026, at 11:30 am. The event will be conducted through Video Conferencing or Other Audio Visual Means.

The meeting agenda includes the adoption of audited standalone financial statements for FY26 and the re-appointment of several board members. Shareholders will vote on ordinary and special resolutions regarding director tenures.

Board Re-Appointments

The primary special business items involve the re-appointment of executive and independent directors for terms commencing in 2027. The resolutions seek shareholder approval for the following appointments:

Amrut P. Shah, Shantilal P. Shah, and Krunal S. Shah are proposed for re-appointment as Managing Director and Whole-Time Directors respectively. Their proposed remuneration shall not exceed ₹75 lakh per annum each, exclusive of perquisites. This cap applies subject to the company’s profit levels; if profits are inadequate, remuneration will be governed by Schedule V of the Companies Act, 2013.

Shantilal P. Shah also retires by rotation and offers himself for re-appointment as a director under Item No. 2 of the notice.

Financial Context

The explanatory statement notes that the company reported a turnover of ₹13,711.25 lakh for FY26, up from ₹12,742.55 lakh in FY25. Net profit stood at ₹317.95 lakh for FY26, a recovery from a net loss of ₹512.07 lakh in the previous year. Despite the return to profitability, the board cites inadequate profits relative to remuneration ceilings, necessitating the special resolution for managerial pay.

Voting Details

The cut-off date for determining voting eligibility is Tuesday, September 22, 2026. Remote e-voting will be available from Saturday, September 26, 2026, at 9:00 am to Monday, September 28, 2026, at 5:00 pm. The register of members will remain closed from September 23, 2026, to September 29, 2026.