In continuation of our intimation dated 1st July, 2025 and 20th May, 2025 and in pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find the Notice of the Postal Ballot dated 1st July, 2025 along with the Explanatory Statement.
EMAMIPAP · price
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Emami Paper Mills has issued a Postal Ballot Notice seeking shareholder approval on two special resolutions. The first resolution asks for approval to change the terms of its Preference Shares (Series I, Tranche I) from Optionally Convertible Non-Cumulative Redeemable Preference Shares (OCRPS) to Non-Convertible Non-Cumulative Redeemable Preference Shares (NCRPS), effectively removing the conversion option. The second resolution seeks the re-appointment of Mrs. Mamta Binani (DIN:00462925) as an Independent Director for a second term of five consecutive years. Voting will be conducted electronically through CDSL's remote e-voting platform from 4 July 2025 to 2 August 2025, with results expected on or before 5 August 2025. The postal ballot is being conducted entirely through electronic means in compliance with MCA and SEBI circulars.
Shareholders should review both resolutions carefully, particularly the preference share variation which changes the instrument from convertible to non-convertible, affecting future dilution and redemption terms. The re-appointment of an Independent Director is a routine governance matter. The outcome of the e-vote could be a minor governance event with limited share price impact.