Shree Rama Newsprint Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2025
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Shree Rama Newsprint Limited has submitted the voting results of its 34th AGM, held on September 25, 2025 via video conferencing. All six resolutions were passed with overwhelming support, with each receiving over 99% of votes in favour. The resolutions covered adoption of FY25 audited financials, re-appointment of Mr. Siddharth Chowdhary as Director (retiring by rotation) and as Whole-Time Director, appointment of Mr. Kinjal Shah as Secretarial Auditor for 5 years, and two material related party transactions—one for borrowings from holding company Riddhi Siddhi Gluco Biols Limited, and another for selling or disposing of assets to Bluecraft Agro Private Limited. Promoters, holding about 74.78% of shares (11.02 crore out of 14.75 crore total), voted in favour of all non-RPT resolutions but abstained on the two related party transactions, where voting was restricted to public non-institutional shareholders. Public shareholder turnout was thin at roughly 3.75% of their holdings, but those who voted overwhelmingly supported all resolutions.
This is a routine regulatory filing with all agenda items clearing easily, indicating smooth governance and no shareholder dissent. However, the approval of two related party transactions—borrowings from the parent company and a proposed asset sale to Bluecraft Agro Private Limited—signals continued financial dependence on the promoter group and a possible restructuring or divestment, which long-term investors should track for its effect on the company's asset base and debt profile.