Shree Karthik Papers Limited AGM outcome and scrutinizer''s report is attached herewith for taking on record
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Shree Karthik Papers Limited held its 34th AGM on 23 September 2025 via video conferencing, attended by 75 members representing 75.92% of paid-up capital (~1.45 crore shares). All four resolutions were passed with overwhelming majority, including adoption of FY25 financial statements, reappointment of Smt. Selvambal Sengottu Velu as Director, continuation of her directorship as a Non-Executive Director beyond age 75, and approval to pledge/mortgage company assets up to Rs. 3.32 crore for bank borrowings. The Chairman described FY2024-25 as a challenging year with sluggish product demand in a competitive global market, while the statutory and secretarial auditor reports were clean with no qualifications.
Routine shareholder business with near-unanimous approval across all resolutions signals no governance friction; the Rs. 3.32 crore borrowing limit indicates modest working capital needs but no major expansion plans disclosed.