The Board of Directors of our company approved the appointment of statutory auditors for a term of 5 consecutive years subject to approval of shareholders in the upcoming AGM.
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Anuroop Packaging Ltd's board, at its meeting on August 13, 2025, approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025) along with a limited review report from Banka & Banka. The board re-appointed M/s. Banka & Banka, Chartered Accountants (FRN: 100979W), as statutory auditors for a second consecutive term of 5 years, from the conclusion of the 30th AGM to the 35th AGM. The board also approved a proposal to change the company's name from 'Anuroop Packaging Limited' to 'Shivanshi Industries Limited' or any other suitable name, subject to shareholder and regulatory approvals. Additionally, it approved raising loans up to INR 50 Crore from banks, financial institutions, directors, or other lenders, with an option to convert the loans into fully paid equity shares. The 30th AGM is scheduled for September 12, 2025, with the e-voting cut-off date set as September 5, 2025.
The convertible loan of up to INR 50 Crore could result in equity dilution for existing shareholders if lenders exercise the conversion option. The proposed name change signals a possible rebranding or shift in business focus, though it does not directly affect operations or shareholder value. Continuity with the same auditor for another 5-year term supports governance stability. Shareholders will vote on key items including the auditor re-appointment, name change, and loan authorization at the September 12, 2025 AGM.