Shree Krishna Paper Mills Dispatches Postal Ballot Notice for Corporate Actions
Shree Krishna Paper Mills has dispatched its postal ballot notice to shareholders seeking approval for multiple corporate actions including the appointment of Mrs. Devika Ohri as Independent Director, increase in borrowing limits to ₹500 crores, asset disposal provisions, and related party transactions with Busimatix Global LLP and Gopala Sales Private Limited worth up to ₹120 crores annually. The e-voting process runs from December 17, 2025 to January 15, 2026.
*this image is generated using AI for illustrative purposes only.
Shree Krishna Paper Mills Industries Ltd. has dispatched its postal ballot notice to shareholders, seeking approval for multiple corporate actions through remote e-voting. The company announced the completion of electronic dispatch on December 16, 2025, to eligible shareholders.
Postal Ballot Resolutions
The postal ballot seeks shareholder approval for five key resolutions:
| Resolution Type | Details |
|---|---|
| Special Resolution 1 | Appointment of Mrs. Devika Ohri (DIN: 10399161) as Independent Director |
| Special Resolution 2 | Increase in borrowing limits under Section 180(1)(c) to ₹500 crores |
| Special Resolution 3 | Approval for asset disposal under Section 180(1)(a) |
| Ordinary Resolution 1 | Related party transactions with Busimatix Global LLP |
| Ordinary Resolution 2 | Related party transactions with Gopala Sales Private Limited |
Mrs. Devika Ohri's Appointment Details
| Parameter | Details |
|---|---|
| Position | Non-Executive Independent Director |
| Term | 5 years (November 01, 2025 to October 31, 2030) |
| Age | 38 years |
| Qualification | Bachelor's Degree in Economics from Delhi University |
| Experience | 15 years in communication leadership and coaching |
| Expertise | Talent management, leadership coaching, organizational transformation |
Mrs. Ohri leads an advisory practice specializing in leadership coaching, succession and culture across Paper and Chemical Industry. She brings expertise in talent management, leadership coaching and development, organizational transformation, and culture building.
Corporate Restructuring Proposals
The company seeks approval to increase borrowing limits to ₹500 crores over and above the aggregate of paid-up share capital, free reserves and securities premium. This represents an increase from the earlier limit of ₹75 crores approved in 2014.
Additionally, the board seeks authorization for asset disposal, mortgage, or charge creation on company properties up to ₹500 crores over and above the aggregate of paid-up share capital and free reserves.
Related Party Transaction Approvals
| Entity | Transaction Value | Nature |
|---|---|---|
| Busimatix Global LLP | Up to ₹20 crores per annum | Sale/purchase of paper and allied products |
| Gopala Sales Private Limited | Up to ₹100 crores per annum | Sale/purchase of paper and allied products |
Both transactions are proposed for a period of ten years and involve sale/purchase of paper and other allied products and/or receipt/payment of commission.
E-Voting Timeline and Process
| Event | Date/Time |
|---|---|
| Notice Dispatch | December 16, 2025 |
| Cut-off Date | December 12, 2025 |
| E-voting Start | December 17, 2025 at 9:00 AM IST |
| E-voting End | January 15, 2026 at 5:00 PM IST |
| Results Declaration | On or before January 17, 2026 |
The company has engaged MUFG Intime India Private Limited (formerly Link Intime India Private Limited) as the Registrar and Share Transfer Agent to provide remote e-voting facility. Shareholders whose names appear in the Register of Members as on the cut-off date are eligible to vote.
The postal ballot notice, dated December 08, 2025, has been made available on the company's website at www.skpmil.com and will also be accessible on BSE's website and the RTA's e-voting platform.
Historical Stock Returns for Shree Krishna Paper Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.00% | +15.18% | +72.06% | +178.90% | +234.48% | +794.92% |
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