Shakti Press Limited has successfully concluded its Extraordinary General Meeting (EGM) with shareholders providing unanimous approval for significant corporate restructuring and business diversification plans. The EGM, held on December 12, 2025, marked a pivotal moment for the multicolor offset printer, packager, and stationer as it formally ratified major strategic changes with 100% votes in favor.

EGM Proceedings and Approvals

The EGM was conducted through Video Conferencing (VC)/OAVM from 1:00 PM to 1:30 PM IST, in compliance with the Companies Act, 2013 and relevant MCA circulars. Shareholders unanimously passed both resolutions presented for approval with complete consensus:

Authorized Share Capital Enhancement

Shareholders approved the increase in authorized share capital from ₹16.53 crore to ₹31.53 crore, representing a substantial 90.70% expansion. This enhancement provides the company with greater financial flexibility for future growth initiatives:

The consequential amendment to Clause V of the Memorandum of Association was also approved to reflect this capital structure change.

Strategic Business Diversification

The special resolution for business diversification into agriculture and related sectors received unanimous shareholder approval. The approved additions to Clause III(A) of the Memorandum of Association include:

Agricultural Operations:

• Cultivation, processing, and trading of agricultural products including fruits, vegetables, seeds, and organic produce
• Import, export, distribution, and sale of agricultural commodities
• Hydroponic and aeroponic farming solutions

Equipment and Advisory Services:

• Manufacturing and trading agricultural equipment, particularly sprayers and spare parts
• Consultancy services for organic production and crop management
• Financial assistance coordination with institutions like NABARD

Additional Ventures:

• Processing, preservation, and storage facilities for agricultural products
• Pest control and insect control product manufacturing
• Public health products development

Regulatory Compliance and Next Steps

The company has fulfilled its regulatory obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Shivani Goydani Mundra formally submitted the EGM proceedings to BSE Limited, confirming that all resolutions were passed with 100% votes in favor.

With unanimous shareholder approval secured, Shakti Press can now proceed with implementing these strategic changes, marking its transformation from a traditional printing and packaging company to a diversified enterprise with significant presence in the agricultural sector.

Shakti Press , a company listed on the Bombay Stock Exchange (BSE: 526841), has announced significant changes to its board of directors following decisions made at its 32nd Annual General Meeting (AGM) held on September 26, 2025. The meeting, conducted via video conferencing, saw the appointment of two new directors to strengthen the company's leadership team.

New Executive Director Appointed

Mr. Subrat Prithwishchandra Banerjee has been appointed as an Executive Director of Shakti Press. The appointment, approved by the shareholders, comes with a monthly salary of Rs. 25,000.00, inclusive of incentives and perquisites as per company policy. Mr. Banerjee's primary responsibility will be managing the company's factory operations.

Key details of Mr. Banerjee's appointment include:

• Appointment Term: Five years
• Director Identification Number (DIN): 02889942
• Role: Executive Director, liable to retire by rotation
• Background: Rich experience in managing plant operations and industrial production

Independent Director Joins the Board

In addition to Mr. Banerjee's appointment, the AGM also approved the induction of Mr. Pradip Sudhakarao Channe as an Independent Director (Non-Executive) of the company. Mr. Channe's appointment is also for a five-year term.

Highlights of Mr. Channe's appointment:

• Director Identification Number (DIN): 01589836
• Role: Independent Director (Non-Executive), not liable to retire by rotation
• Expertise: Governance, taxation, finance, and corporate law

Leadership Structure

The company's leadership now includes:

• Mr. Raghav Kailashnath Sharma: Continues to serve as the Managing Director
• Mr. Subrat Prithwishchandra Banerjee: Newly appointed Executive Director
• Mr. Pradip Sudhakarao Channe: Newly appointed Independent Director (Non-Executive)

Other AGM Proceedings

The 32nd AGM also addressed several other important matters:

Financial Performance

The company reported a turnover of Rs. 1302.78 lakh and a Profit after Tax of Rs. 6.70 lakh for the financial year 2024-25. No dividend was proposed.

Auditor Appointment

M/s. Jain Paranjape & Associates were appointed as Secretarial Auditors for a five-year term from April 1, 2025, to March 31, 2030.

Capital Structure Changes

• The Authorized Share Capital was increased from Rs. 11.00 crore to Rs. 16.53 crore.
• Approval was granted for the issue of up to 1 crore fully convertible equity warrants at Rs. 27.25 per warrant, potentially raising Rs. 27.25 crore.

These appointments and decisions reflect Shakti Press's efforts to strengthen its governance and operational capabilities as it moves forward in the printing and packaging industry.

Ms. Shivani Goydani Mundra, the Company Secretary & Compliance Officer, oversaw the AGM proceedings and ensured compliance with all regulatory requirements.