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Shree Krishna Paper Mills has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting (Dec 17, 2025 – Jan 15, 2026) for five items. The first is the appointment of Mrs. Devika Ohri (DIN: 10399161), aged 38, as a Non-executive Independent Director for a 5-year term (Nov 1, 2025 – Oct 31, 2030). The second seeks to raise the borrowing limit under Section 180(1)(c) from the existing Rs. 175 crores to Rs. 500 crores over and above paid-up capital and free reserves. The third item allows the Board to sell, lease, mortgage, or dispose of the company's undertaking up to Rs. 500 crores. Items 4 and 5 seek approval for related party transactions with Busimatix Global LLP (up to Rs. 20 crores per annum for 10 years) and Gopala Sales Private Limited, both involving promoters Mr. Naynesh Pasari (MD) and Mr. Narendra Kumar Pasari (Whole-time Director). Results will be announced on or before January 17, 2026.
Shareholders are being asked to approve a nearly 3x increase in the company's borrowing capacity (to Rs. 500 crores), indicating likely plans for higher debt or expansion. The related party transactions involve promoter-linked entities, which shareholders should evaluate for arm's-length terms. The Independent Director appointment strengthens board composition but is routine.