as per the attached document
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Awaiting price reaction for this filing.
Banganga Paper Industries Limited (BSE: 512025) held an Extra-Ordinary General Meeting (EGM) on January 14, 2026 via video conferencing, from 12:02 PM to 12:46 PM. A total of 10 resolutions were passed, covering key corporate actions: increase in borrowing limits, power to create charges on assets, increase in investment/loan limits, increase in authorised share capital, amendment to the object clause of the MOA, change in company name, shifting of registered office to another state, appointment of statutory auditor to fill a casual vacancy, preferential issue of equity shares and convertible warrants, and approval for sale of investment in a material subsidiary. On a record date of January 7, 2026, the company had 2,032 shareholders. Promoters did not cast any votes, while public non-institutions holding 55,30,012 shares polled 100% of their holding, with 55,30,010 votes in favour and only 2 votes against every resolution. The scrutinizer was M/s. Krishna Rathi & Associates. All resolutions were passed with the requisite majority.
Shareholders should note this EGM cleared multiple major structural changes in one go — a name change, registered office shift, authorised capital hike, preferential equity/warrant issue, and sale of a material subsidiary investment. Promoters abstained from voting, but the small public shareholder base unanimously approved all items, so these corporate actions will now move forward and could lead to dilution from the preferential issue.