Banganga Paper Industries Limited has announced major corporate restructuring measures following shareholder approval at an Extraordinary General Meeting held on January 14, 2026. The company has received approval for significant amendments to its Memorandum of Association, including a substantial increase in authorised share capital and relocation of its registered office.

Authorised Share Capital Enhancement

The shareholders have approved a three-fold increase in the company's authorised share capital. The enhancement details are presented below:

The newly created 24.00 crore equity shares of ₹1 each will rank pari passu with the existing equity shares of the company. This substantial capital expansion provides the company with enhanced financial flexibility for future growth initiatives and business expansion plans.

Registered Office Relocation

The company has also received shareholder approval to shift its registered office from Maharashtra to Meghalaya. The relocation is subject to approval from the Central Government or Regional Director, as prescribed by regulatory authorities.

The existing Clause II of the Memorandum of Association regarding the registered office will be substituted to reflect that the registered office will be situated in the State of Meghalaya, within the jurisdiction of Registrar of Companies, North Eastern Region.

Regulatory Compliance and Communication

The company has formally communicated these developments to the BSE Limited through an official intimation dated January 15, 2026. The communication was signed by Jitendra Rajendra Patil, Company Secretary and Compliance Officer (Membership No. 39055), ensuring proper regulatory disclosure requirements are met.

The announcements were made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled its disclosure obligations by informing the stock exchange about these significant corporate developments.

Strategic Implications

The amendments reflect the company's strategic repositioning and operational restructuring. The substantial increase in authorised share capital from ₹12.00 crores to ₹36.00 crores demonstrates the company's preparation for potential capital-intensive projects and business expansion opportunities. The geographical relocation to Meghalaya may offer operational advantages and align with the company's long-term strategic objectives in the paper manufacturing sector.

These corporate actions, approved through proper shareholder resolution at the Extraordinary General Meeting, position Banganga Paper Industries for its next phase of growth and development.

Banganga Paper Industries Limited has secured shareholder approval for the divestment of its entire investment in a material subsidiary through a special resolution passed at an Extraordinary General Meeting held on January 14, 2026. The transaction represents a significant corporate restructuring move for the Maharashtra-based company.

Transaction Details

The sale involves the complete divestment of the company's investment in its material subsidiary for a total consideration of ₹11.22 crores. The transaction details are structured as follows:

Acquirer Information

The buyers comprise three members of the promoter group, establishing this as a related party transaction conducted on an arm's length basis:

• Mr. Karbhari Pandurang Dhatrak (PAN: ABFPD7972A)
• Mrs. Jayashri Karbhari Dhatrak (PAN: AELPD2027K)
• Mr. Chetan Karbhari Dhatrak (PAN: AFXP0099H)

All acquirers are located at 18, Shramadeep Bunglow, Matoshti Nagar, Near Chandak Circle, Tidake Colony, Nashik – 422002, and are confirmed promoters of the company.

Financial Impact

The material subsidiary has been a significant contributor to the company's financial performance. During the last financial year, the subsidiary generated substantial revenue:

Regulatory Compliance

The transaction has been structured in full compliance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed disclosures as required under Regulation 30 read with Schedule III of the listing regulations.

The sale does not fall under any scheme of arrangement, and compliance with Regulation 37A of LODR Regulations is not applicable for this transaction. Additionally, the transaction does not involve any slump sale arrangements requiring additional amalgamation or merger-related disclosures.