Seshasayee Paper and Boards Limited has issued a comprehensive postal ballot notice 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.

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.

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.

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.

K Sankarasubramanian, Practising Company Secretary, 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.

Seshasayee Paper & Boards Limited has announced board approval for a postal ballot notice regarding key director appointments following its board meeting held on January 31, 2026. The postal ballot will seek shareholder approval for two significant appointments in compliance with SEBI Listing Regulations.

Board Approved Appointments

The board has approved the postal ballot notice for two director appointments. The first involves the re-appointment of Sri N Gopalaratnam as Whole-time Director, designated as Chairman, liable to retire by rotation. The second appointment concerns Sri Anurag Mishra, IFS, as Nominee Director on the board, also liable to retire by rotation.

Postal Ballot Process Details

The company will circulate the postal ballot notice to shareholders whose names appear on the Register of Members and List of Beneficial Owners. The notice will be distributed via e-mail and will contain detailed information about both appointments, explanatory statements, and voting procedures.

Regulatory Compliance

The appointments have been made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sri Anurag Mishra has been nominated to the board by the Government of Tamil Nadu, replacing Sri Ashish Kumar Srivastava, IFS. The company has confirmed that Sri Mishra is not related to any other director on the board under Section 2(77) of the Companies Act, 2013, and is not debarred from holding the office of director by any regulatory authority including SEBI.

The appointments strengthen the company's board composition, with Sri Mishra bringing expertise in environment and climate change matters, aligning with the company's operational requirements in the paper and boards manufacturing sector.