Clarification Letter for the delayed submiision of Annual General Meeting held on June 14, 2025 and soft copy of the Proceedings.
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Seshasayee Paper and Boards has clarified to BSE/NSE the reason for a slight delay in filing the full proceedings of its 65th Annual General Meeting held on June 14, 2025 via video conference. The company states that all material AGM events were disclosed within the required 12-hour window (e-voting results at 5:05 PM and director appointment disclosures at 5:29 PM on June 14), but the proceedings/transcript PDF could not be uploaded the same day due to technical issues with a large file. The full proceedings and transcript were filed by 2:00 PM on June 15, 2025. At the AGM, 451 shareholders representing 3,08,31,396 shares participated, and all 8 resolutions were passed with over 99% approval. Key items included a dividend of Rs 2.50 per equity share for FY25, re-appointment of Chairman N Gopalaratnam, re-appointment of Ganesh Balakrishna Bhadti as Executive Director (Operations & Projects), appointment of S Srinivas as Director (Finance) & Secretary, commission to non-executive directors capped at Rs 15 lakh per annum, appointment of Lakshmmi Subramanian & Associates as Secretarial Auditor for 5 years, and approval of cost auditor remuneration.
This is a routine procedural clarification with no material impact on shareholders. All 8 resolutions were validly passed with overwhelming majority, and the dividend of Rs 2.50/share stands approved. The brief filing delay was due to a technical glitch and did not affect any material disclosures.