Seshasayee Paper Dispatches Postal Ballot Notice for Director Appointments
Seshasayee Paper and Boards Limited officially dispatched its postal ballot notice on February 09, 2026, to shareholders for approving the re-appointment of N Gopalaratnam as Chairman for three years with enhanced remuneration package and the appointment of Anurag Mishra, IFS, as Nominee Director. The e-voting process will be conducted exclusively through NSDL platform from February 10 to March 11, 2026.
*this image is generated using AI for illustrative purposes only.
Seshasayee Paper and Boards Limited has officially dispatched its postal ballot notice on February 09, 2026, to shareholders seeking approval for critical board appointments under the Companies Act, 2013 and SEBI LODR Regulations 2015. The paper manufacturing company requires shareholder consent for re-appointing its current Chairman and welcoming a new government nominee to the board.
Official Notice Dispatch and Communication
The company has sent the postal ballot notice in electronic form to shareholders' registered email addresses through their Depository Participants and Registrar and Share Transfer Agents. The notice is available on the company's website www.spbldt.com and NSDL's e-voting platform www.evoting.nsdl.com .
| Notice Details: | Information |
|---|---|
| Notice Date: | January 31, 2026 |
| Dispatch Date: | February 09, 2026 |
| CIN: | L21012TZ1960PLC000364 |
| Registered Office: | Pallipalayam, Namakkal District |
| Communication Mode: | Electronic form only |
Chairman Re-appointment with Enhanced Remuneration
The company proposes to re-appoint N Gopalaratnam as Whole-time Director, designated as Chairman, for a three-year term commencing April 01, 2026. His current term expires on March 31, 2026, making this re-appointment essential for leadership continuity through a Special Resolution.
| Remuneration Component: | Details |
|---|---|
| Monthly Salary: | ₹ 8,00,000 |
| Performance Incentive: | Up to 200% of annual salary |
| Perquisites: | Equal to annual salary amount |
| Term Duration: | 3 years from April 01, 2026 |
| Last Drawn Remuneration: | ₹ 320 lakhs for FY 2024-25 |
Gopalaratnam, aged 78 years, brings over 55 years of specialization in pulp and paper industry operations. His tenure since 1988 has witnessed significant company transformations, including major expansion programs worth ₹ 190 crores, establishment of a 20 MW captive power plant costing ₹ 65 crores, and implementation of mill development plans totaling ₹ 350 crores.
Government Nominee Director Appointment
The company seeks approval for appointing Anurag Mishra, IFS, Special Secretary, as a Nominee Director liable to retire by rotation through an Ordinary Resolution. Mishra was nominated by the Environment, Climate Change and Forests Department, Government of Tamil Nadu, and appointed as Additional Director on January 31, 2026.
| Director Details: | Information |
|---|---|
| Name: | Anurag Mishra, IFS |
| DIN: | 11389352 |
| Age: | 58 years |
| Position: | Special Secretary (Environment, Climate Change) |
| Appointment Date: | January 31, 2026 |
| Remuneration: | Commission and sitting fees as applicable for non-executive directors |
E-Voting Process and Timeline
Shareholders can participate in the decision-making process through remote electronic voting exclusively, as physical ballot papers will not be distributed. The company has engaged National Securities Depository Limited (NSDL) to facilitate the e-voting process.
| Voting Schedule: | Date & Time |
|---|---|
| Cut-off Date: | February 06, 2026 |
| E-voting Commencement: | February 10, 2026 (9:00 AM IST) |
| E-voting Conclusion: | March 11, 2026 (5:00 PM IST) |
| Results Announcement: | March 12, 2026 (11:00 AM) |
K Sankarasubramanian, Practising Company Secretary (Membership No. F 11241 / COP: 15994), has been appointed as Scrutiniser to ensure fair and transparent voting procedures. Results will be announced at the company's registered office in Pallipalayam, Tamil Nadu, and subsequently posted on the company website and stock exchange platforms.
Leadership Legacy and Strategic Vision
Gopalaratnam's leadership achievements include successful completion of multiple mill development plans, acquisition and turnaround of Subburaj Paper Mills in Tirunelveli, and pioneering environmental certifications including ISO 9001, ISO 14001, and Forest Stewardship Council accreditations. Under his guidance, the company achieved Two Star Export House status and received the Tamil Nadu Pollution Control Board Green Award in 2017.
The company has also embarked on ambitious renewable energy projects, including investment in 62 MW solar/wind power generation and implementation of MDP-IV in Unit-Erode for augmenting pulp and paper capacities by 40%. These strategic initiatives position the company for sustainable growth in the evolving paper industry landscape.
Historical Stock Returns for Seshasayee Paper & Boards
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.25% | -3.54% | +3.66% | -4.64% | -5.63% | +66.99% |
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