Submission of Newspaper ad for Postal Ballot & Evoting, published in Business Standard and Vishwavani
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Awaiting price reaction for this filing.
South India Paper Mills Ltd has submitted copies of a newspaper advertisement published in Business Standard and Vishwavani with respect to its Postal Ballot Notice, as required under Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Through this Postal Ballot and remote e-voting process, the company is seeking shareholder consent to appoint four Independent Directors — Mr. Gomatam Ravi, Mr. Nagaraja Srivaisa, Mr. Purushotham Javaregowda, and Mrs. Gargi Ojha — for a consecutive period of 5 years. The e-voting window commenced on 31st May 2025 (9:00 am) and will close on 29th June 2025 (5:00 pm), with the cut-off date set as 23rd May 2025. The results are expected to be announced on or before 1st July 2025 and will be intimated to BSE and uploaded on the company's website. The notice has already been dispatched electronically to shareholders on 26th May 2025.
This is a procedural compliance filing — no material business impact. Shareholders should note the e-voting window (May 31 to June 29, 2025) to vote on the appointment of four Independent Directors. The stock price is unlikely to be directly affected, but appointment of new Independent Directors may influence future board composition and governance.