As required under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements ) Regulations, 2015 we are enclosing herewith the Voting Results and the Scrutinizer's Report dated 4th August,2025 issued in pursuant to Section 108 and 110 of the Companies Act,2013 read with Rule 20 and 22 of the Companies (Management and Administration)Rules,2014.
EMAMIPAP · price
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Emami Paper Mills announced the results of a postal ballot conducted via remote e-voting from July 4 to August 2, 2025, with 177 shareholders participating out of 21,357 on record. Two special resolutions were passed with overwhelming majority: (1) Variation in terms of Series II Tranche I Preference Shares from Optionally Convertible Non-Cumulative Redeemable Preference Shares (OCRPS) to Non-Convertible Non-Cumulative Redeemable Preference Shares (NCRPS), approved with 99.99% votes in favour (4.31 crore shares for vs 6,092 against); (2) Re-appointment of Mrs. Mamta Binani as Independent Director for a second 5-year term, approved with 99.98% votes in favour (4.31 crore shares for vs 9,464 against). The consent of all OCRPS holders was also obtained for the variation in terms.
The conversion of OCRPS to NCRPS removes the option for these preference shareholders to convert into equity shares, eliminating any future equity dilution from this tranche. The re-appointment of an independent director was routine governance. No material impact on share price expected.