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Bandaram Pharma Packtech Ltd held its 1st Extra-Ordinary General Meeting (EGM) for FY 2025-26 on 21st July 2025 via video conference, lasting just 14 minutes (11:00 a.m. to 11:14 a.m.). Out of 4,926 shareholders on record date, 6 promoters and 23 public shareholders attended through VC. All 8 resolutions were passed with overwhelming support (~99.99% in favor). Key items approved include: increase in authorised share capital, acquisition of Craftsmart Products Private Limited via share swap, issuance of up to 59,71,920 equity shares on a preferential/swap basis to promoters and non-promoters, multiple material related party transactions with VSR Paper and Packaging Ltd (subsidiary) and Craftsmart Products, and appointment of Mrs. Mounika Pammi (DIN: 11111376) as Independent Director. Promoters (holding 9,000,000 shares / 75%) recused from voting on related party resolutions, where only ~14.34% of total share capital voted.
The approval paves the way for the company to acquire Craftsmart Products via an all-stock deal, which will dilute existing shareholders by issuing up to ~59.7 lakh new equity shares. Shareholders should note the significant promoter-related party transactions approved and the change in capital structure pending completion of the swap-based acquisition.