Three M Paper Boards Limited held its 37th Annual General Meeting on September 29, 2026, through video conferencing. The meeting focused on adopting the audited financial statements for the fiscal year ended March 31, 2026, and reappointing key management personnel.

Meeting proceedings and attendance

The meeting commenced at 3:05 pm and concluded at 3:25 pm. Chairman Hitendra Shah presided over the session, which was conducted in compliance with Ministry of Corporate Affairs circulars and SEBI listing regulations. The notice of the AGM was taken as read, having been sent electronically to registered members.

Key attendees included:

Other in attendance were Krunal Waghela (Chief Financial Officer), Mittal Mehta (Company Secretary), Hemali Shah (Secretarial Auditor), and Piyush Kothari (Statutory Auditor).

Resolutions passed

The shareholders transacted the following businesses as outlined in the AGM notice:

1. Adoption of Financial Statements: Consideration and adoption of the Audited Financial Statements for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors.
2. Reappointment of Director: Appointment of Mr. Rushabh Hitendra Shah (DIN 01874177), who retired by rotation under Section 152(6) of the Companies Act, 2013, offering himself for reappointment.
3. Ratification of Remuneration: Ratification of remuneration payable to Ms. Ketki D. Visariya, Cost Accountants, Mumbai.

Voting and compliance

Voting results will be announced upon receipt of the Scrutinizer's report and submitted as per Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Hemali Shah served as the scrutinizer for the remote e-voting and e-voting process at the AGM to ensure transparency.

Three M Paper Boards disclosed a share purchase by its promoter, Hitendra Dhanji Shah, on September 21, 2026. The transaction involved the acquisition of 2,000 equity shares through the BSE market. This move brings Shah’s total holding to 91,58,760 shares, representing 47.61% of the company’s paid-up capital.

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this transaction, Shah held 91,56,760 shares, which accounted for 47.60% of the company’s equity. The purchase was executed in the open market.

Transaction Details

The share acquisition reflects a marginal increase in the promoter’s stake. Below are the specifics of the transaction as reported in the SAST disclosure:

What the Numbers Show

The transaction represents an increase of 0.01% in the promoter's voting rights. Given the minimal change in percentage ownership from 47.60% to 47.61%, this small-scale addition suggests a routine adjustment rather than a significant strategic shift.