The notice covers both ordinary and special business items for shareholder approval:
Ordinary Business:
1. Adoption of Financial Statements: To consider and adopt the audited financial statements of the Company for the financial year ended March 31st, 2026 together with reports of Board of Directors and Auditors.
2. Appointment of Director retiring by rotation: To consider and approve reappointment of Mr. Sunil Kumar Sarda (DIN: 08267727) as Director who retires by rotation.
Special Business:
3. Approval for Material Related Party Transaction: To approve sale/disposal of industrial land and building bearing Plot No. W-166, TTC Industrial Area, Village Pawne, Navi Mumbai - 400 709, Dist. Thane, Maharashtra having area 1150.00 Sq. Mtr. to M/s. Karav Innovation LLP [LLPIN: ACS-2845] for total consideration of ₹8,50,00,000 (Rupees Eight Crores Fifty Lakhs only). The purchaser is an entity wherein promoters/members of the promoter group are Designated Partners. The fair value as per valuation report dated 11.08.2026 by independent valuer Mr. Nitin P. Date is ₹7,47,36,000. The transaction requires approval under Section 188 of Companies Act, 2013 and Regulation 23 of SEBI LODR Regulations.
4. Approval for Sale/Disposal of Industrial Land and Building: Same transaction as above but requiring approval under Section 180 of Companies Act, 2013 and Regulation 37A of SEBI LODR Regulations as the sale consideration exceeds 20% of both the total income (₹150.86 lakhs) and net worth (₹297.28 lakhs) of the Company for year ended 31st March 2026.
5. Re-appointment of Mr. Vinodkumar Bajranglal Dalmia: Reappointment as Independent Director (DIN: 03018994) for a second term of 5 years from September 29, 2026 to September 28, 2031.
6. Ratification and waiver for recovery of managerial remuneration: To ratify and waive recovery of excess remuneration paid to directors during FY 2025-26 beyond limits prescribed under Section 197 read with Schedule V of Companies Act, 2013.
Key Financial Details:
- Property sale consideration: ₹8,50,00,000
- Property fair value: ₹7,47,36,000
- FY2025-26 rental income from property: ₹43,70,000
- FY2025-26 total income: ₹150.86 lakhs
- Net worth: ₹297.28 lakhs
Voting Arrangements:
- Remote e-voting period: Monday, 21st September 2026 (9:00 AM) to Wednesday, 23rd September 2026 (5:00 PM)
- Cut-off date for determining members entitled to vote: Thursday, 17th September 2026
- Scrutinizer: Mr. Narottam Bagaria of M/s. N. Bagaria & Associates
- Registrar & Share Transfer Agent: M/s. MUFG Intime India Private Limited
- E-voting service provider: Purva Sharegistry (India) Private Limited
Additional Information:
- Register of Member and Share Transfer Books will be closed from 18th September to 24th September 2026
- The company's registered office is at W-166 E, TTC Industrial Area, MIDC Pawane, Navi Mumbai - 400709
- The complete Annual Report including financial statements is available on company website: https://kiranprintpack.wixsite.com/kiran