Shree Krishna Paper Mills Completes Postal Ballot with Overwhelming Approval
Shree Krishna Paper Mills & Industries Ltd. successfully concluded its postal ballot process with overwhelming shareholder support, achieving 99.9952% approval across all five proposed resolutions. The company enhanced its financial capacity by increasing borrowing limits to ₹500 crores and securing asset disposal authorization, while also approving significant related party transactions totaling ₹120 crores annually and appointing Mrs. Devika Ohri as Independent Director.
*this image is generated using AI for illustrative purposes only.
Shree Krishna Paper Mills & Industries Ltd. has successfully completed its postal ballot process with overwhelming shareholder approval for all five proposed resolutions. The company announced the voting results on January 16, 2026, with all resolutions receiving 99.9952% approval from shareholders.
Postal Ballot Results Overview
The postal ballot, conducted through remote e-voting from December 17, 2025, to January 15, 2026, witnessed strong shareholder participation with 85.31% of total shares participating in the voting process.
| Voting Statistics: | Details |
|---|---|
| Total Shareholders on Record: | 1,788 |
| Record Date: | December 12, 2025 |
| Total Shares Held: | 1,35,21,680 shares |
| Shares Voted: | 1,15,35,954 shares |
| Voting Participation: | 85.31% |
| Votes in Favour: | 1,15,35,396 (99.9952%) |
| Votes Against: | 558 (0.0048%) |
Approved Resolutions and Corporate Actions
All five resolutions proposed in the postal ballot notice dated December 8, 2025, received requisite majority approval:
| Resolution Type: | Description | Approval Rate |
|---|---|---|
| Special Resolution 1: | Appointment of Mrs. Devika Ohri as Independent Director | 99.9952% |
| Special Resolution 2: | Increase borrowing limits to ₹500 crores | 99.9952% |
| Special Resolution 3: | Asset disposal authorization up to ₹500 crores | 99.9952% |
| Ordinary Resolution 1: | Related party transactions with Busimatix Global LLP | 99.9952% |
| Ordinary Resolution 2: | Related party transactions with Gopala Sales Private Limited | 99.9952% |
Mrs. Devika Ohri's Board Appointment
Shareholders approved the appointment of Mrs. Devika Ohri (DIN: 10399161) as Non-Executive Independent Director for a five-year term from November 1, 2025, to October 31, 2030. Mrs. Ohri, aged 38, brings 15 years of experience in communication leadership and coaching, with expertise in talent management and organizational transformation across the Paper and Chemical Industry.
Enhanced Financial Capacity
The approved resolutions significantly enhance the company's financial flexibility:
| Financial Authorization: | Previous Limit | New Approved Limit |
|---|---|---|
| Borrowing Capacity: | ₹75 crores (2014) | ₹500 crores |
| Asset Disposal/Mortgage Authority: | Not specified | ₹500 crores |
| Total Enhanced Capacity: | - | ₹1,000 crores |
Related Party Transaction Approvals
Shareholders approved significant related party transactions for a ten-year period:
| Entity: | Annual Transaction Limit | Nature of Business |
|---|---|---|
| Busimatix Global LLP: | ₹20 crores | Sale/purchase of paper and allied products |
| Gopala Sales Private Limited: | ₹100 crores | Sale/purchase of paper and allied products |
| Total Annual Value: | ₹120 crores | Combined transactions |
Voting Process and Compliance
The postal ballot was conducted in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Sections 108 & 110 of the Companies Act, 2013. MUFG Intime India Private Limited served as the Registrar and Share Transfer Agent, managing the remote e-voting process through their platform.
Advocate Manish Kumar Bansal of Globiz Legal served as the Scrutinizer, confirming that all resolutions were passed with requisite majority. The voting results and scrutinizer's report are available on the company's website at www.skpmil.com and the RTA's e-voting platform at https://instavote.linkintime.co.in/ .
Historical Stock Returns for Shree Krishna Paper Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.00% | -5.85% | -26.80% | +174.75% | +104.26% | +368.64% |
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