News Corporate Actions Seshasayee Paper and Boards Officially Declares Postal Ballot Results with 99.95% ApprovalSeshasayee Paper and Boards Officially Declares Postal Ballot Results with 99.95% Approval
Seshasayee Paper and Boards Limited successfully concluded its postal ballot process with overwhelming 99.95% shareholder approval for two key director appointments. The company re-appointed Sri N Gopalaratnam as whole-time Director and Chairman for three years, while appointing Sri Anurag Mishra, IFS, as Nominee Director, both positions complying with SEBI regulations and strengthening the company's governance structure.
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Seshasayee Paper & Boards Limited has officially declared the results of its postal ballot process on March 12, 2026, at 11:00 AM at the company's registered office in Pallipalayam, Namakkal District. The results confirm overwhelming shareholder support for two critical director appointments that will strengthen the company's governance structure.
Board Approval and Postal Ballot Process
The Board of Directors at their meeting held on January 31, 2026, had unanimously approved both director appointments and recommended them to shareholders for approval through postal ballot under Section 108 and 110 of the Companies Act, 2013. The company provided electronic voting facility through National Securities Depository Limited (NSDL) and published advertisements in Business Standard and Dinamalar on February 10, 2026.
| Parameter: | Details |
|---|---|
| Cut-off Date: | February 6, 2026 |
| Notice Dispatch Date: | February 9, 2026 |
| Voting Period: | February 10 - March 11, 2026 |
| Results Declaration: | March 12, 2026 at 11:00 AM |
| Scrutinizer: | K Sankara Subramanian (F11241/COP: 15994) |
Director Appointment Results
Both resolutions received exceptional shareholder support with 99.95% approval rates, demonstrating strong confidence in the company's leadership decisions. The appointments were approved pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Re-appointment of N Gopalaratnam as Chairman
The special resolution for re-appointing Sri N Gopalaratnam (DIN: 00001945) as whole-time Director, designated as Chairman for three years with effect from April 1, 2026, received overwhelming support.
| Voting Result: | N Gopalaratnam Re-appointment |
|---|---|
| Members Voting in Favor: | 477 |
| Votes in Favor: | 30,914,677 shares |
| Percentage in Favor: | 99.95% |
| Members Voting Against: | 14 |
| Votes Against: | 16,670 shares |
| Resolution Type: | Special Resolution |
Appointment of Anurag Mishra as Nominee Director
The ordinary resolution for appointing Sri Anurag Mishra, IFS (DIN: 11389352), Special Secretary, as Nominee Director also received similar overwhelming support from shareholders.
| Voting Result: | Anurag Mishra Appointment |
|---|---|
| Members Voting in Favor: | 475 |
| Votes in Favor: | 30,915,250 shares |
| Percentage in Favor: | 99.95% |
| Members Voting Against: | 15 |
| Votes Against: | 15,997 shares |
| Resolution Type: | Ordinary Resolution |
Director Profiles and Qualifications
Sri N Gopalaratnam, aged 78 years, is a Mechanical Engineer with over 55 years of specialization in design, operation and management of Pulp and Paper Industry. His re-appointment is for a fixed term of three years from April 1, 2026 to March 31, 2029, liable to retire by rotation.
| Director Profile: | N Gopalaratnam Details |
|---|---|
| Date of Birth: | April 15, 1947 (78 Years) |
| Qualification: | B.Sc., BE(Mech.) |
| Experience: | 55+ years in Pulp and Paper Industry |
| Term: | April 1, 2026 to March 31, 2029 |
Sri Anurag Mishra, IFS, aged 58 years, serves as Special Secretary (Environment, Climate Change) in the Environment, Climate Change and Forests Department, Government of Tamil Nadu. He was initially appointed as Additional Director on January 31, 2026.
| Director Profile: | Anurag Mishra Details |
|---|---|
| Date of Birth: | May 20, 1967 (58 Years) |
| Qualification: | IFS |
| Position: | Special Secretary (Environment, Climate Change) |
| Department: | Environment, Climate Change and Forests, Govt of Tamil Nadu |
Regulatory Compliance and Corporate Governance
The resolutions were deemed passed on March 12, 2026, when the scrutinizer issued the report containing e-voting results. Both directors are not debarred from holding the office of Director by virtue of any SEBI order or any other authority. The appointments comply with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The results were communicated to BSE (Stock Code: 502450) and NSE (Stock Code: SESHAPAPER), with additional posting on the company website www.spbltd.com and NSDL's website www.evoting.nsdl.com . The overwhelming shareholder support reflects strong confidence in the company's strategic direction and governance framework.
Historical Stock Returns for Seshasayee Paper & Boards
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.76% | -5.07% | -6.11% | -6.79% | -6.51% | +57.66% |
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