N R Agarwal Industries Ltd , a prominent player in the paper industry, has approved significant changes to its business operations and leadership structure at its 32nd Annual General Meeting (AGM) held on September 24, 2025. The company's shareholders passed several key resolutions that will shape its future direction and governance.

Expansion into Printing and Publishing

One of the most notable changes is the alteration of the company's Memorandum of Association. Shareholders approved the addition of a new clause 35A, which expands N R Agarwal Industries' business activities into printing and publishing. The company will now be able to engage in the production and distribution of newspapers, periodicals, magazines, books, greeting cards, playing cards, and stationery of all kinds.

Relocation of Registered Office

In a move that could have significant operational implications, the shareholders approved shifting the company's registered office from Maharashtra to Gujarat. This decision is subject to approval from the Regional Director and could potentially impact the company's administrative and logistical operations.

Leadership Reappointments

The AGM also saw the reappointment of key leadership positions:

• Smt. Reena Agarwal was reappointed as Whole Time Director, designated as Executive Director, for a further period of three years from August 1, 2025, to July 31, 2028.
• Shri Raunak Agarwal, who retired by rotation, was reappointed as a Director and also as Whole Time Director, designated as Executive Director, for three years from August 1, 2025, to July 31, 2028.
• Shri Rohan Agarwal was reappointed as Whole Time Director, designated as Executive Director & CEO, for three years from November 4, 2025, to November 3, 2028.

New Independent Director

The shareholders approved the appointment of Shri Mahendra Kumar Gupta as an Independent Director of the company for a term of five consecutive years, from September 24, 2025, to September 23, 2030.

Other Key Decisions

• The company declared a final dividend of Rs. 2.00 per share on equity shares for the financial year ended March 31, 2025.
• M/s. Parikh & Associates, Practising Company Secretaries, were appointed as Secretarial Auditors for a term of five consecutive years.
• The remuneration of Cost Auditors was ratified.
• A change in the place of keeping Registers and Records of the Company was approved.

These decisions reflect N R Agarwal Industries' strategic moves to diversify its business operations, streamline its administrative functions, and strengthen its leadership team. The expansion into printing and publishing, in particular, marks a significant broadening of the company's scope beyond its traditional paper manufacturing business.

The overwhelming shareholder support for these resolutions, with most receiving over 99% votes in favor, indicates strong confidence in the company's strategic direction and leadership.

As N R Agarwal Industries implements these changes, stakeholders will be watching closely to see how they impact the company's performance and market position in the coming years.

N R Agarwal Industries Ltd, a prominent player in the paper and packaging industry, has announced the appointment of Shri Mahendra Kumar Gupta as an Independent Director to its board. The appointment was approved through a special resolution passed at the company's 32nd Annual General Meeting (AGM) held on September 24, 2025.

Five-Year Term

Gupta has been appointed for a five-year term, commencing from September 24, 2025, to September 23, 2030. This appointment strengthens the company's board with additional expertise in various critical areas of business management.

Extensive Experience

With 30 years of experience under his belt, Mahendra Kumar Gupta brings a wealth of knowledge to N R Agarwal Industries. His expertise spans several key areas, including:

• Fund raising for expansion, projects, working capital, and corporate funding
• Strategic business planning
• Decision-making on product pricing
• Project monitoring
• ERP-SAP implementation
• Mapping of internal financial controls
• Income tax planning and regular assessments
• GST compliance
• Robust compliance management

Board Independence

The company has confirmed that Gupta has no relationships with other directors on the board, ensuring his independence in decision-making. Additionally, N R Agarwal Industries has stated that none of its directors are debarred from holding office, further emphasizing the integrity of its board composition.

Shareholder Approval

The appointment of Shri Mahendra Kumar Gupta received overwhelming support from the shareholders. According to the voting results:

Company Secretary Statement

Pooja Daftary, Company Secretary and Compliance Officer of N R Agarwal Industries Limited, confirmed the appointment in a statement to the stock exchanges. The company views this appointment as a strategic move to enhance its corporate governance and bring fresh perspectives to its board.

N R Agarwal Industries Ltd's decision to bring Mahendra Kumar Gupta on board aligns with its commitment to maintaining a strong and diverse leadership team. As the company continues to navigate the dynamic paper and packaging industry, Gupta's extensive experience is expected to contribute significantly to its strategic direction and growth initiatives.