
Balkrishna Paper Mills: Preference Shareholders Approve Capital Reduction Scheme
Balkrishna Paper Mills Ltd held an Extra-Ordinary General Meeting (EGM) for its Preference Shareholders on June 19, 2026. The shareholders unanimously approved the 'Scheme of Reduction of Share Capital' via a special resolution, subject to NCLT approval. The meeting, which commenced at 3:00 PM and concluded at 3:30 PM, saw all preference shareholders voting electronically in favor of the resolution. The company submitted the summary of proceedings, voting results, and the scrutinizer's report as per SEBI (LODR) Regulations, 2015. The voting results and scrutinizer's report will be available on the company's website.
Key Highlights
- Preference shareholders approved the 'Scheme of Reduction of Share Capital'.
- Resolution passed unanimously via special resolution with 100% voting.
- Approval is subject to the National Company Law Tribunal (NCLT) clearance.
- EGM held on June 19, 2026, with remote e-voting facility used.
- Voting results and scrutinizer's report to be published on the company website.
Price Impact
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