Sundaram Multi Pap Limited — Others, 29-01-2025: Shareholders meeting

Sundaram Multi Pap Limited has announced a board meeting on February 24, 2025, to convene an Extraordinary General Meeting (EGM) via video conferencing. The agenda includes a proposal to issue 1,75,46,584 sweat equity shares at ₹3.22 each to Mr. Amrut P. Shah, Managing Director, and to Mr. Shantilal P. Shah, Executive Director. This issuance recognizes their long-term contributions to the company, with no cash consideration involved. The shares will have an 18-month lock-in period. This move may strengthen governance and enhance trust among investors, reflecting a positive outlook on management incentives aligning with shareholder interests.