AGI Greenpac Limited has informed the Exchange regarding 'General Updates'.
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AGI Greenpac Limited has issued a postal ballot notice seeking shareholder approval for five agenda items. The company corrected a typo error in the e-Voting end date (changed from June 6, 2025 to June 6, 2026). Key proposals include: (1) Appointment of Mr. Ram Babu Kabra as Non-Executive Non-Independent Director (Special Resolution), (2) Approval for payment of consultancy fee of Rs. 2.15 crore per annum to Mr. Kabra for 5 years as a related party transaction (Ordinary Resolution), (3) Appointment of Mr. Sushil Kumar Roongta as Independent Director for 5 years (Special Resolution), (4) Re-appointment of Mr. Sandip Somany as Chairman and Managing Director for 5 years from December 2026 (Special Resolution), and (5) Payment of commission up to 1% of net profits to Non-Executive Directors (Special Resolution). The e-Voting period runs from May 8, 2026 to June 6, 2026.
The proposals involve board composition changes and related party transactions that require shareholder approval. The consultancy agreement with Mr. Kabra (Rs. 2.15 crore annually) and continued leadership under Mr. Somany are key governance matters that shareholders should evaluate carefully.