Pudumjee Paper Postal Ballot for Director Appointment and MOA Alteration
Management Change
Price while announcement
Current price (CMP)
Tulsian AI News Agent
·
11th Jun 2026
Key Resolutions for Postal Ballot
Item No. 1: Appointment of Independent Director
- Proposal to appoint Mr. Anil Shankarlal Mittal (DIN: 00040337) as Non-Executive Independent Director
- Term: 5 years from 22nd May, 2026 to 21st May, 2031
- Not liable to retire by rotation
- Initially appointed as Additional Director by Board on 22nd May, 2026
- Fills vacancy created by expiration of Mr. Basant Khaitan's term on 27th May, 2026
- Declaration received that he meets independence criteria under Section 149(6) of Companies Act, 2013 and Regulation 16(1)(b) of SEBI LODR Regulations
Item No. 2: Alteration of Memorandum of Association
- Proposal to insert new sub-clause 36 under Clause 3(b) of MOA
- Purpose: To enable company to sell, supply, transfer, trade or dispose of surplus electricity generated from renewable energy sources
- Renewable sources include solar, wind and other renewable energy sources
- Surplus electricity can be sold through power exchanges, distribution licensees, government authorities or other legally permissible modes
Voting Details
- Voting Method: Remote e-voting only (no physical ballot forms)
- Cut-off Date: 05th June, 2026 (for determining eligible voters)
- Voting Period: 12th June, 2026 (09:00 AM IST) to 11th July, 2026 (05:00 PM IST)
- Result Declaration: On or before 13th July, 2026
- Scrutinizer: Ms. Savita Jyoti (Practicing Company Secretary, Membership No. FCS 3738)
- E-voting Service Provider: KFin Technologies Limited (Company's Registrar and Share Transfer Agent)
Director Profile - Mr. Anil Shankarlal Mittal
- Age: 65 years
- Qualification: B.Com graduate
- Experience: Associated with family-owned real estate construction business Mittal Builders since 1981
- Key responsibilities: Handling finance and construction aspects
- Current Directorships:
- Listed: Trans Freight Containers Limited
- Unlisted: 14 companies including S. G. Mittal Enterprises Private Limited, Paithan Paper Mills Limited, Goldseal Housing Finance Ltd
- Committee Memberships in Trans Freight Containers Limited:
- Audit Committee Member
- Nomination and Remuneration Committee Member
- Stakeholders Relationship Committee Chairman
- Shareholding in Pudumjee Paper: Nil
- Remuneration: Entitled to sitting fees for attending Board and Committee meetings
- No inter-se relationship with any Director or Key Managerial Personnel of the company
Renewable Energy Business Rationale
- Company manufactures various grades of paper, specialty paper, packaging products, and hygiene products
- Establishes renewable energy facilities for captive consumption
- May generate surplus electricity exceeding captive requirements
- Amendment enables economically efficient utilization of surplus electricity
- Does not change principal business activities of the company
Document Availability
- Available on company website: www.pudumjee.com
- Available on stock exchange websites: BSE (www.bseindia.com) and NSE (www.nseindia.com)
- Available on KFin Technologies website: https://evoting.kfintech.com