Submission of Notice of Postal ballot sent to shareholders
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Awaiting price reaction for this filing.
The South India Paper Mills Limited has sent a postal ballot notice to shareholders seeking approval for the appointment of four Independent Directors: Mr Gomatam Raghavan Ravi (CTO at GPS Renewables), Mr Nagaraja Srivatsa (Practicing Company Secretary), Mr Purushotham Javaregowda (Practising Advocate) and Mrs Gargi Ojha (Marketing Communication professional). All four were initially appointed as Additional Directors on March 31, 2025 and are now being regularized for a 5-year term ending March 30, 2030. The remote e-voting period runs from May 31, 2025 to June 29, 2025, with the cut-off date set as May 23, 2025. Results will be declared by July 1, 2025, and the scrutinizer is Mr S N Hitaish Kumar.
This is a routine corporate governance exercise to formalize independent director appointments already made by the Board. No material impact on shareholders or stock price is expected; investors should simply exercise their voting rights if they wish to participate.