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Soma Papers & Industries Limited held its 34th AGM on 30 September 2025 via video conferencing, lasting just 14 minutes (11:00 AM to 11:14 AM). All 9 resolutions were passed unanimously with 100% votes in favour — 709,983 shares voted in favour out of 1,402,150 outstanding shares (50.6% voting participation). Ordinary business included adoption of FY25 audited financial statements and reappointment of Whole-time Director & CFO V. Lakshmi Priya Darshini (who retires by rotation). Special business included appointment of Nuren Lodaya & Associates as secretarial auditors for 5 years, alteration of the MOA and its object clause, an increase in borrowing limits, power to create charges on company assets, expanded authority for investments/loans/guarantees, and appointment of Mrs. Mounika Pammi as Independent Director. Only 16 of 2,183 shareholders attended the meeting and just 7 cast votes (all via remote e-voting), with public non-institutional participation at only 2.2% of non-promoter shares.
The board now has significantly expanded borrowing and investment authority, and the MOA/object clause change hints at a possible pivot in business focus. However, the extremely thin public shareholder participation (just 2.2% of non-promoter shares voted) signals weak retail engagement and that resolutions were passed almost entirely on promoter support.