Detailed Summary

Meeting Details

The AGM was conducted via video conference on Saturday, June 20, 2026, commencing at 11:00 AM and concluding at 1:30 PM.

Attendance

  • Initial attendance: 418 shareholders present through video conference
  • Final attendance: 605 shareholders participated during the meeting
  • Requisite quorum was present throughout the meeting

Directors Present

  • Sri T C A Ranganathan: Independent Director & Chairperson of Stakeholders Relationship Committee
  • Dr C Chandramouli: Independent Director & Chairperson of Corporate Social Responsibility Committee
  • Sri Anurag Mishra, IFS: Nominee Director from Govt. of Tamilnadu
  • Sri Ganesh Balakrishna Bhadti: Executive Director (Operations & Projects)
  • Sri S Srinivas: Director (Finance) & Secretary

Absent Directors with Leave

  • Smt. Sheela Balakrishnan: Independent Director & Chairperson of Project Committee and Nomination and Remuneration Committee (hospitalized)
  • Sri S. Durgashankar: Independent Director & Chairperson of Audit Committee (bereavement)

Auditors Present

  • Statutory Auditor: Sri Sanjeev Aditya, Partner, M/s Suri & Co.
  • Internal Auditor: Sri N R Suresh, Partner, M/s Maharaj N R Suresh and Co LLP
  • Secretarial Auditor: Mrs. Swetha Subramanian, Partner, M/s Lakshmmi Subramanian & Associates
  • Cost Auditor: Mrs Meena Ramji, Partner, M/s S.Mahadevan & Co.
  • Scrutiniser: Sri K Sankara Subramanian, K Sankara Subramanian & Associates

Meeting Proceedings

  • Register of Directors and Key Managerial Personnel and their shareholdings and Register of Contracts were made available electronically for inspection
  • Notice and Board's Report were taken as read with shareholder consent
  • Corporate video showcasing company's Genesis and ESG embedded Growth Story was presented
  • Chairman addressed shareholders covering Global/Indian Economy, Indian Paper Industry status, near-term challenges, Company's FY 2025-26 performance, ESG embedded Growth projects, and outlook for FY 2026-27
  • Executive Director (Operations & Projects) made a presentation on company performance and key highlights for FY 2025-26

Audit Reports

  • Statutory Auditor's Report (Pages 170-183 for Standalone Ind-AS Financial Statements and Pages 247-257 for Consolidated Ind-AS Financial Statements) contained no qualifications, reservations or adverse comments
  • Secretarial Audit Report (Pages 162-166) contained no qualifications, observations or comments

Voting Process

  • Two voting options offered: Remote e-voting and E-voting during AGM
  • Remote e-voting conducted through NSDL from June 17, 2026 (09:00 AM) to June 19, 2026 (05:00 PM)
  • E-voting during AGM available for shareholders who hadn't used remote e-voting
  • Scrutiniser: Sri K Sankara Subramanian appointed for e-voting process

Resolutions and Voting Results

Five Ordinary Resolutions were proposed and passed with overwhelming majority:

1. Adoption of Financial Statements for FY ended March 31, 2026

  • Votes For: 463 members, 31,066,599 votes (99.997%)
  • Votes Against: 3 members, 980 votes (0.003%)

2. Declaration of Dividend for FY 2025-26

  • Final dividend: ₹2.00 per fully paid-up Equity Share
  • Share count: 6,30,68,140 Equity Shares of face value ₹2 each fully paid-up
  • Dividend to be rounded off to nearest rupee
  • Record date: June 10, 2026
  • Votes For: 467 members, 31,224,710 votes (99.999%)
  • Votes Against: 1 member, 100 votes (0.001%)

3. Re-appointment of Sri Ganesh Balakrishna Bhadti (DIN: 09634741)

  • Executive Director (Operations & Projects) retiring by rotation
  • Votes For: 462 members, 31,203,496 votes (99.932%)
  • Votes Against: 6 members, 21,314 votes (0.068%)

4. Re-appointment of Sri S Srinivas (DIN: 09713128)

  • Director (Finance) & Secretary retiring by rotation
  • Votes For: 462 members, 31,203,496 votes (99.932%)
  • Votes Against: 6 members, 21,314 votes (0.068%)

5. Remuneration to Cost Auditor

  • M/s S.Mahadevan & Co., Cost Accountants (Firm Registration No. 000007)
  • Appointed for audit of cost records for FY 2026-27
  • Votes For: 465 members, 31,223,830 votes (99.997%)
  • Votes Against: 3 members, 980 votes (0.003%)

Additional Notes

  • No invalid votes in the voting at the venue
  • Vote percentages based on total number of valid votes cast
  • All resolutions deemed passed on June 20, 2026
  • Compliance with Companies Act, 2013, Companies (Management and Administration) Rules, 2014, and SEBI LODR Regulation 44

Document Certification

Place: Erode

Date: June 20, 2026

Signed: N Gopalaratnam, Chairman