Event Details

The 66th Annual General Meeting (AGM) of the Company will be held on Saturday, June 20, 2026 at 11:00 AM (IST) through Video Conference (VC) or Other Audio-Visual Means (OAVM).

Ordinary Business

1. Adoption of Financial Statements

To receive, consider and adopt the Audited Financial Statements, including Consolidated Financial Statements, for the financial year ended March 31, 2026, along with Reports of the Board of Directors and Auditors.

2. Declaration of Dividend

  • Dividend of ₹2.00 per fully paid-up Equity Share declared for Financial Year 2025-26
  • On 6,30,68,140 Equity Shares of face value ₹2 each fully paid-up
  • Dividend amount to be rounded off to the nearest rupee
  • Record date for dividend eligibility: June 10, 2026
  • Dividend payment date: Monday, June 22, 2026
  • Subject to tax deduction at source

3. Re-appointment of Director

Re-appointment of Sri Ganesh Balakrishna Bhadti, Executive Director (Operations & Projects) (DIN: 09634741), who retires by rotation.

  • Qualification: B.A.Sc, MBA
  • Industry experience: 38 years in Pulp and Paper Industry
  • Remuneration: ₹1.74 crores for FY 2025-26
  • Shares held: Nil
  • Board meeting attendance: 7 out of 7 (100%)

4. Re-appointment of Director

Re-appointment of Sri S Srinivas, Director (Finance) & Secretary (DIN: 09713128), who retires by rotation.

  • Qualification: B.Com, ACMA, CGMA, ACS
  • Experience: 23 years in Accounting, Finance, Indirect Taxes and Statutory Compliances
  • Remuneration: ₹0.98 crores for FY 2025-26
  • Shares held: Nil
  • Other directorship: Ultra Investments and Leasing Company Private Limited
  • Board meeting attendance: 7 out of 7 (100%)

Special Business

5. Remuneration to Cost Auditor

  • Appointment of M/s. S.Mahadevan & Co., Cost Accountants (Firm Registration No. 000007)
  • For audit of cost records for financial year 2026-27
  • Remuneration: ₹4,00,000 (Rupees Four lakhs only) plus Goods and Service Tax
  • Reimbursement of actual expenses incurred in connection with the Audit
  • Approval sought pursuant to Section 148(3) of Companies Act, 2013

Meeting Logistics

  • AGM conducted through Video Conference per MCA circular dated September 22, 2025
  • Registered office deemed to be venue of AGM
  • Physical attendance dispensed with
  • Proxy facility not available
  • Quorum participation through VC will be reckoned under Section 103 of Companies Act, 2013
  • Statutory registers available electronically for inspection

Record Dates and Book Closure

  • Record date for dividend: June 10, 2026
  • Book closure: June 11, 2026 to June 20, 2026 (both days inclusive)

Tax Deduction at Source

Dividend taxable in hands of shareholders under Income Tax Act, 2025:

Resident Shareholders

  • With PAN: 10% TDS
  • Without PAN/Invalid PAN: 20% TDS
  • Form 121 submission for exemption by June 10, 2026
  • No TDS if dividend does not exceed ₹10,000 for resident individual shareholders

Non-Resident Shareholders

  • FIIs/FPIs: 20% plus applicable surcharge and cess
  • Other non-residents: 20% or Tax Treaty rate, whichever lower
  • Documents required: PAN, Tax Residency Certificate, Form 41, self-declaration
  • Deadline for document submission: June 10, 2026

Voting Procedures

Remote e-Voting

  • Period: June 17, 2026 (9:00 AM) to June 19, 2026 (5:00 PM)
  • Cut-off date: June 13, 2026
  • Service provider: National Securities Depository Limited (NSDL)
  • Helpdesk: evoting@nsdl.com or toll-free 022-4886 7000

Voting at AGM

  • Members present through VC who haven't voted remotely can vote during meeting
  • Procedure same as remote e-voting

Virtual Meeting Attendance

  • Members can join 30 minutes before scheduled time
  • Limited to 1,000 members on first-come-first-served basis
  • Large shareholders (2%+), promoters, institutional investors, directors exempt from limit
  • Speaker registration required by June 13, 2026 at secretarial@spbltd.com

Scrutiniser Appointment

  • Sri K Sankarasubramanian, Practicing Company Secretary (Membership No. F11241/COP: 15994) appointed as Scrutiniser
  • Scrutiniser's report to be submitted within 48 hours of AGM conclusion
  • Results to be displayed on company website and communicated to stock exchanges

Additional Information

  • Notice and Annual Report available electronically
  • Members requested to update PAN, KYC details with depositories/RTA
  • Nomination facility available under Section 72 of Companies Act, 2013
  • Unclaimed dividend over 7 years transferred to Investor Education and Protection Fund