Shakti Press Ltd Appoints New Executive and Independent Directors at 32nd AGM

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.