Kuantum Papers Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 29, 2025
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Kuantum Papers Limited held its 28th AGM on August 29, 2025, via video conferencing, lasting about 16 minutes (11:30 a.m. to 11:46 a.m.). Vice Chairman & Managing Director Mr. Pavan Khaitan chaired the meeting in place of Chairman Mr. Jagesh Kumar Khaitan, who was unable to attend due to health issues. Nine resolutions were transacted, including adoption of financial statements, declaration of dividend on equity shares for FY 2024-25, re-appointment of statutory auditors (M/S O P Bagla & Co. LLP), and appointment of S.K. Sikka & Associates as secretarial auditors for five years. Special resolutions covered the re-appointment of Mr. Jagesh Kumar Khaitan as Chairman for three years and a revision in the managerial remuneration of MD Mr. Pavan Khaitan. The statutory and secretarial auditors' reports contained no qualifications or adverse remarks. Voting was conducted through remote e-voting (August 26-28) and e-voting at the AGM, with results to be announced later.
Shareholders can expect the FY 2024-25 dividend to be paid out following formal approval, and the clean audit reports signal sound financial reporting. Investors should watch for the voting results on the special resolutions, particularly the revision in the MD's remuneration, as these could influence future expense ratios and shareholder sentiment.