Balkrishna Paper Mills Limited has informed the Exchange about Copy of Newspaper Publication:As informed earlier, the Board of Directors of the Company in their meeting held on 10th April, 2026 have interalia approved the following in accordance with the MCA Circulars, applicable provisions of the Companies Act, 2013 and Listing Regulations, subject to approval of the Members through Postal Ballot by voting through electronic means only ( remote e-voting ) on e-voting platform provided by National Securities Depositories Limited (NSDL):1. Scheme of Reduction of Share Capital of the Company;2. Material Related Party Transaction(s) with Futuristic Concepts Media LLP (Vishal Furnishings Limited and Beetee Fabrics Private Limited merged into Futuristic Concepts Media Limited vide NCLT Order dated 12/09/2025 and Futuristic Concepts Media Limited was subsequently converted into Futuristic Concepts Media LLP w.e.f. 22/01/2026), Sanchna Trading and Finance Limited, S P Finance and Trading Limited, Poddar Bio Diesel Private Limited, Wavelink Fabrics LLP (Wavelink Fabrics Private Limited converted into Wavelink Fabrics LLP w.e.f. 29/03/2025).3. Material Related Party Transactions(s) with S P Finance and Trading Limited during F.Y. 2026-27 and F.Y. 2027-28;4. Material Related Party Transactions(s) with Sanchna Trading and Finance Limited during F.Y. 2026-27 and F.Y. 2027-28.Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we now send herewith the News Paper cuttings of Postal Ballot Notice/Electronic voting (e-voting) published in (1) Business Standard, Mumbai & (2) Mumbai Lakshdeep (Marathi edition) on 1st June, 2026.Kindly take the above on record and acknowledge.
BALKRISHNA · price
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Balkrishna Paper Mills has published Postal Ballot notices in Business Standard (Mumbai) and Mumbai Lakshdeep (Marathi) on 1st June 2026, seeking shareholder approval through e-voting. The ballot covers four key items approved by the Board on 10th April 2026: (1) a Scheme of Reduction of Share Capital, (2) material related party transactions with Futuristic Concepts Media LLP, Sanchna Trading and Finance Ltd, S P Finance and Trading Ltd, Poddar Bio Diesel Pvt Ltd, and Wavelink Fabrics LLP, (3) material RPTs with S P Finance for FY26-27 and FY27-28, and (4) material RPTs with Sanchna Trading for FY26-27 and FY27-28. Voting will be conducted electronically on the NSDL platform.
Shareholders should review the postal ballot carefully, especially the Share Capital Reduction proposal which could affect share value, and the multiple large related party transactions that require their approval. The outcome of the e-voting could materially impact the company's capital structure and ongoing dealings with related entities.