Deputy Managing Director's Payment Terms Modified

One of the key resolutions passed at the AGM was the change in payment terms for Shri Shashank Agarwal, the Deputy Managing Director of Kanpur Plastipack . The shareholders approved this special resolution, indicating a potential adjustment in the compensation structure for this key executive.

Secretarial Auditor Appointment

The shareholders also approved the appointment of M/s Adesh Tandon & Associates as the company's secretarial auditors for a period of five years, from April 1, 2025, to March 31, 2030. This appointment ensures compliance with regulatory requirements and maintains transparency in Kanpur Plastipack's secretarial practices.

Foreign Company Acquisition

In a strategic move, Kanpur Plastipack received shareholder approval for the acquisition of Valex Ventures Ltd, a foreign company. The acquisition will be executed through a combination of equity share swap via preferential allotment and cash consideration. This decision could potentially expand the company's global footprint and enhance its market position.

Other Resolutions

The AGM also saw the passage of several other resolutions, including:

1. Adoption of audited financial statements for the year ended March 31, 2025
2. Declaration of final dividend for the financial year 2024-25
3. Re-appointment of Shri Shashank Agarwal as a director, who was retiring by rotation
4. Ratification of the remuneration of the cost auditor

Voting Results

All resolutions were passed with an overwhelming majority. The voting results showed that each resolution received over 99.99% votes in favor, with only a minuscule percentage of votes cast against.

The strong shareholder support for these resolutions indicates confidence in Kanpur Plastipack's strategic decisions and governance practices. As the company moves forward with these approved measures, including the foreign acquisition, it will be interesting to observe how these decisions impact its growth and market position in the coming years.

Kanpur Plastipack Limited, a manufacturer and exporter of flexible intermediate bulk containers (FIBC), PP multifilament yarn, UV master batches, fabrics, and CPP films, has set September 1, 2025, as the record date for determining shareholder eligibility for dividend payment for the financial year 2024-25.

Key Details

• Record Date: September 1, 2025
• Book Closure: September 2-8, 2025 (both days inclusive)
• Dividend Payment Date: September 16, 2025 (subject to declaration at AGM)

Eligibility Criteria

• Shareholders with valid share transfers received on or before September 1, 2025, will be registered for dividend eligibility.
• For dematerialized shares, beneficial owners listed with NSDL and CDSL at the close of business on September 1, 2025, will be entitled to dividend payment.

Additional Information

The company has also disclosed that an Earnings Conference Call for the Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 2025, was held on August 19, 2025. The audio recording of this call is available on the company's website.

Kanpur Plastipack Limited continues to maintain transparency in its communications with shareholders and regulatory bodies. The upcoming Annual General Meeting will determine the final declaration of the dividend for the financial year 2024-25.

Investors and shareholders are advised to take note of these important dates to ensure their eligibility for the potential dividend payout.