Sundaram Multi Pap Limited, a prominent manufacturer of exercise books and paper stationery, achieved a significant milestone on November 12, 2025, as it secured 98.30% approval for its proposal to offer and allot equity shares on a preferential basis. This decision was finalized during the Extra Ordinary General Meeting (EGM) held via Video Conferencing at 11:00 AM. The management ensured compliance with the relevant guidelines set by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI), enabling shareholders to participate in the voting process remotely.

The voting results indicated overwhelming support from shareholders, with a total of 162,036,028 votes cast. Out of this, 159,286,265 votes, accounting for 98.30%, were in favor of the resolution, while only 2,749,763 votes were against it, representing 1.70% of the total. The company had made provisions for remote e-voting from November 9 to November 11, allowing eligible shareholders to participate effectively. A total of 66 shareholders attended the EGM, demonstrating active engagement from the investor community.

Amrut P. Shah, Chairman and Managing Director of Sundaram Multi Pap, expressed gratitude towards the shareholders for their confidence in the management's strategic decisions. The successful passing of this resolution is expected to enhance the company's financial flexibility and growth potential, as it allows for raising capital through the issuance of equity shares for considerations other than cash. With this outcome, Sundaram Multi Pap is poised to strengthen its market position and continue its commitment to delivering quality products in the stationery industry.