Proceedings of the Board meeting held on 30th December, 2025 for authorising Board to make Application before Hon'ble NCLT for Holding AGM
Awaiting price reaction for this filing.
The board of Shree Rajeshwaranand Paper Mills met on 30 December 2025 and noted that the Registrar of Companies had already granted two extensions (totalling about 1 month and 45 days) for holding the AGM for FY 2024-25, but the company still could not convene it within the extended time. The delay is because the company is a listed entity currently implementing capital reduction and restructuring under an NCLT-approved Resolution Plan from the Corporate Insolvency Resolution Process (CIRP), which affects its shareholding pattern and statutory disclosures. To resolve the AGM timing issue, the board approved filing an application before the NCLT under Section 97 of the Companies Act, 2013, seeking directions and further extension to hold the AGM.
Shareholders should note that the AGM for FY 2024-25 is still pending and will only be held after NCLT directions. This signals ongoing post-insolvency restructuring that may eventually change the company's capital structure and shareholding pattern, which could materially affect existing shareholders.