The 67th Annual General Meeting (AGM) of The South India Paper Mills Limited was held on Thursday, 17th September 2026 at 11:30 a.m. via Video Conference. The deemed venue for the AGM was the Registered office of the Company at Chikkayanachatra, Nanjangud.

Attendance

The meeting was chaired by Mr. Manish M Patel, Chairman. The following individuals were present through Video Conference:

Board Members:

  • Mr. Ajay D Patel
  • Mr. Meenakshi Sundaram Shivakumar
  • Mr. Kanishka Harshad Modi
  • Mr. Harshad Modi
  • Mr. Gomatam Ravi
  • Mr. Nagaraja Srivatsa
  • Mr. Purushotham J
  • Mrs. Gargi Ojha

Key Managerial Personnel:

  • Mr. B Ravi Holla - CFO
  • Mrs. Vidya Bhat - Company Secretary

Other Attendees:

  • Mr. G S Lingaraj, GM - F&A
  • Mr. B S Ravikumar of M/s B S Ravikumar & Associates - Statutory Auditors
  • Mr. S N Hitaish Kumar, Scrutinizer

The requisite quorum was present for the meeting.

Proceedings

The meeting commenced at 11:30 am. Mrs. Vidya Bhat, Company Secretary, provided general instructions to members regarding participation and voting process. The Chairman delivered his speech. The Notice for the meeting and the Directors' Report were taken as read with shareholders' consent. The Chairman informed that there were no qualifications in the Audit report, and with members' permission, the Auditor's report was taken as read.

Resolutions Presented

The Chairman informed that 5 resolutions were proposed to be passed:

Ordinary Resolutions:

1. To receive, consider and adopt the Audited Balance Sheet as at 31st March 2026, Statement of Profit and Loss and the Cash Flow Statement for the year ended on that date, and the Reports of the Directors and Auditors thereon.

2. To appoint a Director in place of Mr. Ajay D Patel (DIN 00466905) who retires by rotation and is eligible for re-appointment.

Special Resolutions:

3. Approval for continuation of appointment of Mr. Harshad Natvarlal Modi (DIN 0167613) in terms of Regulation 17(1A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

4. Approval of remuneration in terms of Schedule V of Companies Act, 2013 - for the remaining tenure of the Managing Director Mr. Manish M Patel (DIN 00128179).

5. Approval of minimum managerial remuneration in terms of Schedule V of Companies Act, 2013 - for the remaining tenure of Mr. Kanishka Harshad Modi (DIN 10260282), Whole Time Director.

Voting Process

The Company offered two voting options to shareholders: Remote e-voting and E-voting during AGM. Remote e-voting was available for 3 days from 14.09.2026 (9:00 am) to 16.09.2026 (5:00 p.m). Electronic voting (through Instapoll) was also available during the AGM for shareholders who had not voted remotely.

Shareholder Interaction

The Company had received requests from 9 shareholders to be 'Speaker Shareholders'. Four shareholders were actually present in the VC and raised questions, which were answered by the Chairman. Other registered speaker shareholders were present but couldn't connect to raise queries.

Voting and Meeting Closure

The link for e-voting was activated during the meeting and remained open until 15 minutes after the meeting. The Chairman authorized Mrs. Vidya Bhat, Company Secretary, to declare the result of the voting and place the voting results on the Company's website. The Chairman declared that the resolutions shall be deemed passed subject to receipt of requisite number of votes.

The meeting was closed at 12:29 pm.