Tridev InfraEstates Limited approved all five ordinary and special resolutions tabled at its 38th Annual General Meeting held on Monday, September 28, 2026. The meeting addressed the adoption of FY26 financial statements and the re-appointment of key directors, with final voting outcomes pending from the appointed scrutinizer.

The meeting commenced at 11:00 am at the company's registered office in Delhi. Atul Kumar Agarwal served as the chairperson. The requisite quorum was present, allowing the board to proceed with the agenda items outlined in the notice dated August 31, 2026. Management members present included Sunil Kumar Agarwal (MD, CFO), Rajeev Garg (Independent Director), Rajesh Kumar Vaid (Independent Director), Atul Kumar Agarwal (Director), and Ishu Agarwal (Director).

Resolutions considered

Five ordinary and special resolutions were tabled for member approval. These included the adoption of audited financials and reports for the fiscal year ended March 31, 2026, alongside governance-related appointments. The members voted to adopt the audited financial statement together with reports of the Board of Directors and Auditor. Additionally, Ms. Ishu Agarwal was re-appointed as she retires by rotation, while Mr. Rajeev Garg and Mr. Rajesh Kumar Vaid were re-appointed as independent directors. Approval was also granted for related party transactions.

Governance and scrutiny

Sandeep Kumar Singh, a chartered accountant in whole-time practice, was appointed as the scrutinizer to oversee the electronic voting process. The chairperson confirmed that the process would be conducted in a fair and transparent manner. Remote e-voting commenced on Friday, September 25, 2026, at 09:00 am and ended on September 27, 2026, at 05:00 pm. The voting results will be communicated to the exchange along with the scrutinizer's report within stipulated time limits under the Companies Act 2013. The meeting concluded at 11:30 am after thanking members for their attendance.

The company, formerly known as Ashutosh Paper Mills Limited, operates under the regulatory framework of the Companies Act 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tridev Infraestates Limited (formerly Ashutosh Paper Mills Limited) has secured listing approval from BSE Limited for 32,62,700 equity shares of face value ₹10 each. The shares were issued pursuant to a scheme of reduction of share capital involving the company, its shareholders, and creditors under Section 66 of the Companies Act, 2013.

The exchange granted the permission via a letter dated September 23, 2026, which the company intimated to the BSE on September 24, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conditions for trading commencement

While listing approval has been granted, actual trading of these securities will commence only after Tridev Infraestates submits specific documentation to the exchange. The BSE has stipulated that the company must file:

• Listing approval from the National Stock Exchange (NSE), if applicable
• Confirmation letters from CDSL and/or NSDL regarding the crediting of shares to beneficiary accounts
• Details of payment for any outstanding dues
• Details of payment for any Standard Operating Procedure (SOP) fines

Corporate context

The issuance is part of a corporate restructuring effort where the entity formerly known as Ashutosh Paper Mills Limited transitioned to Tridev Infraestates Limited. The reduction of share capital scheme aims to align the company’s capital structure with its current operational status. The distinctiveness numbers for the newly listed shares range from 01 to 3262700.

What the Numbers Show

The approval covers exactly 32,62,700 shares, representing a specific tranche of equity resulting from the capital reduction process. The requirement for separate NSE approval indicates that while the BSE has cleared the listing, the company must ensure parallel compliance with other major exchanges before liquidity is available to investors. This procedural step highlights the multi-exchange nature of Indian equity listings, where clearance on one platform does not automatically grant trading rights on another.