AGM Details

The 54th Annual General Meeting of Shree Krishna Paper Mills & Industries Ltd. will be held on Tuesday, September 29, 2026 at 11:00 A.M. (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM) facility.

Business to be Transacted

ORDINARY BUSINESS:

1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026 together with Reports of the Board of Directors and Auditors thereon.

2. To appoint a Director in place of Mr. Narendra Kumar Pasari (DIN: 00101426), who retires by rotation and being eligible, offers himself for re-appointment.

SPECIAL BUSINESS:

3. To approve the re-appointment of Mr. Naynesh Pasari (DIN: 00519612) as Managing Director of the Company for a period of 3 years from August 10, 2026 to August 09, 2029 and fix his remuneration.

4. To approve Material Related Party Transactions with Gopala Sales Private Limited for an aggregate value up to ₹100 Crore during financial year 2026-27.

5. To ratify the remuneration of Cost Auditors for the financial year ending March 31, 2027 at ₹100,000/- plus taxes and reimbursement of out-of-pocket expenses to M/s. Vijender Sharma & Co.

Key Dates and Voting Information

  • Cut-off date for determining eligible shareholders: September 22, 2026
  • Book Closure: September 23, 2026 to September 29, 2026 (both days inclusive)
  • E-Voting Start Date: 9:00 A.M. on Saturday, September 26, 2026
  • E-Voting End Date: 5:00 P.M. on Monday, September 28, 2026
  • E-Voting Service Provider: MUFG Intime India Private Limited
  • Scrutinizer: Mr. Manish Kumar Bansal (Advocate), partner of M/s. Globiz Legal

Detailed Business Items

Item 3: Re-appointment of Managing Director

Mr. Naynesh Pasari (age 44 years, MBA in Finance) is proposed for re-appointment as Managing Director for 3 years. His remuneration includes:

  • Basic Salary: ₹2,00,000/- per month with annual increment
  • HRA: 50% of basic salary
  • Company contributions to superannuation, gratuity, insurance, and leave encashment
  • Perquisites, allowances, and performance-linked incentives
  • Reimbursement of business expenses

The resolution seeks approval for total managerial remuneration to potentially exceed statutory limits of 10% of net profit for executive directors and 11% overall as per Section 197 of Companies Act.

Financial performance context:

  • FY 2025-26 Revenue: ₹22,808.36 lakhs, Net Profit: ₹1,944.69 lakhs, EPS: ₹14.38
  • FY 2024-25 Revenue: ₹16,870.84 lakhs, Net Profit: ₹112.74 lakhs, EPS: ₹0.83
  • FY 2023-24 Revenue: ₹14,435.22 lakhs, Net Profit: ₹38.04 lakhs, EPS: ₹0.28

Item 4: Related Party Transactions

Approval sought for transactions with Gopala Sales Private Limited (related party where MD Naynesh Pasari is director and holds 25% shareholding) for:

  • Sale & purchase of paper and allied products
  • Commission payments/receipts
  • Services availing/rendering
  • Investments, borrowings, lending
  • Interest payments on loans

Historical transactions with Gopala Sales:

  • FY 2025-26: Purchases ₹1,043.61 lakhs, Sales ₹3,132.01 lakhs
  • Current FY (until June 30, 2026): Purchases ₹319.64 lakhs, Sales ₹627.00 lakhs

Gopala Sales Financials (FY 2024-25):

  • Turnover: ₹3,534.73 lakhs
  • Profit After Tax: ₹77.95 lakhs
  • Net worth: ₹1,146.00 lakhs

The proposed ₹100 crore limit represents 43.84% of company's FY 2025-26 turnover and 282.65% of Gopala Sales' FY 2024-25 turnover.

Item 5: Cost Auditor Remuneration

Ratification of remuneration for M/s. Vijender Sharma & Co. (Firm Registration No. 000180) at ₹100,000/- plus applicable taxes and out-of-pocket expenses for conducting cost audit for FY 2026-27.

Shareholder Information

  • The Notice and Annual Report are being sent electronically to shareholders with registered email addresses
  • Physical copies available on request
  • Documents available for inspection from notice date until AGM date
  • Shareholders can ask questions via email before meeting or through chat during AGM
  • Related parties will abstain from voting on Item 4

Director Details

Mr. Naynesh Pasari (DIN: 00519612)

  • Age: 44 years, First appointment: August 10, 2023
  • Qualifications: MBA in Finance
  • Experience: Extensive in paper industry, accounting, marketing, finance
  • Current remuneration: ₹2,00,000/- per month basic plus HRA and benefits
  • Shareholding: 1,000 shares
  • Directorship: Gopala Sales Private Limited
  • Relationship: Son of Mr. Narendra Kumar Pasari

Mr. Narendra Kumar Pasari (DIN: 00101426)

  • Age: 70 years, First appointment: March 11, 1974
  • Qualifications: Commerce Graduate
  • Experience: Several decades in paper industry
  • Shareholding: 1,000 shares
  • Directorship: Devanshu Infin Private Limited
  • Relationship: Father of Mr. Naynesh Pasari

Additional Notes

  • The Register of Members will remain closed from September 23-29, 2026
  • Members holding physical shares have special window until February 4, 2027 to re-lodge transfer requests
  • PAN submission mandatory for all shareholders as per SEBI requirements
  • Results will be declared within 2 working days after AGM and hosted on company website