Genus Paper & Boards Limited — Others, 17-02-2025: Shareholders meeting

Genus Paper & Boards Limited has announced a board meeting regarding a postal ballot to secure member approval for several key resolutions. The proposals include canceling 2 crore unissued equity shares and issuing 20 lakh 7% non-cumulative redeemable preference shares to optimize capital structure, as well as altering the Articles of Association for the appointment of a Nominee Director. The e-voting will be open from February 19 to March 20, 2025. This strategic move could enhance fundraising abilities and improve governance, potentially leading to a positive outlook among investors.