Authority to file application for holding AGM
Awaiting price reaction for this filing.
The board of Shree Rajeshwaranand Paper Mills, at its meeting on 30th December 2025, noted that despite two extensions from the Registrar of Companies (totalling one month thirty days plus an additional fifteen days), it was not possible to hold the Annual General Meeting for FY24-25 on time. The delay is attributed to ongoing capital reduction and restructuring under an NCLT-approved Resolution Plan under CIRP, which directly affects the company's capital structure, shareholding pattern, and required statutory disclosures. The board approved filing an application before the NCLT under Section 97 of the Companies Act, 2013, seeking further directions and extension for holding the AGM.
Shareholders should note that the AGM delay signals deep operational and financial trouble — the company is still under insolvency-driven restructuring, and the inability to meet even extended AGM deadlines raises concerns about corporate governance and transparency. This is a negative signal that may weigh on investor confidence and stock price.