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Seshasayee Paper & Boards is engaged in the business of manufacture and sale of printing and writing paper.
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Seshasayee Paper's board approved key leadership changes: re-appointment of N Gopalaratnam as Whole-time Director (Chairman) and appointment of Anurag Mishra as Nominee Director. Shareholders will vote on these proposals.
Seshasayee Paper received a favorable ruling on its tax appeal. The initial demand of over Rs 8.13 Cr (tax & penalty) has been drastically reduced to Rs 0.17 Cr. This is a significant positive development for the company.