Notice of Extra-Ordinary General Meeting to be held on 27.04.2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bandaram Pharma Packtech has called an EGM on April 27, 2026, to seek shareholder approval for three items. First, the appointment of Mr. Eswar Reddy Putturu as an Independent Director for 5 years (effective January 30, 2026). Second, material related party transactions with subsidiary VSR Paper and Packaging Limited involving sales and purchases up to Rs. 25 Crores each. Third, a corporate guarantee of Rs. 50 Crores for the subsidiary. These RPTs are highly material, totaling Rs. 100 Crores against the company's FY2024-25 annual consolidated turnover of Rs. 36.96 Crores (135%). VSR Paper and Packaging is 51.08% owned by the company. Remote e-voting opens April 24, 2026, with cut-off date April 20, 2026.
The appointment strengthens board independence. However, the Rs. 100 Crores in related party transactions (135% of turnover) represent significant exposure to the subsidiary. Shareholders should carefully evaluate the business rationale and risk of contingent liability from the Rs. 50 Crores corporate guarantee.