APPOINTMENT OF SUBRAT BANERJEE AS EXECUTIVE DIRECTOR AND APPOINTMENT OF PRADIP CHHANE AS INDEPENDENT DIRECTOR.
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At its 32nd Annual General Meeting held on 26 September 2025 via video conferencing, Shakti Press Ltd shareholders approved the appointment of Subrat Prithwishchandra Banerjee (DIN: 02889942) as Executive Director for a 5-year term at a monthly salary of Rs. 25,000, with his primary responsibility being the management of the company's factory. Shareholders also approved the appointment of Pradip Sudhakarao Channe (DIN: 01589836) as a Non-Executive Independent Director for a 5-year term, not liable to retire by rotation. Both appointees have confirmed they are not disqualified under Section 164 of the Companies Act, 2013. The existing Managing Director, Raghav Kailashnath Sharma, continues in his role. The resolutions were passed as ordinary resolutions at the AGM.
These are routine board-level appointments approved at the AGM and are unlikely to have a material impact on the stock price. Shareholders may note the modest salary for the Executive Director role and that the Managing Director remains unchanged, suggesting continuity in overall leadership.