Emami Paper Mills Limited — Others, 21-03-2025: Shareholders meeting

Emami Paper Mills Limited has disclosed the results of a postal ballot regarding a special resolution to change the status of its Series I Optionally Convertible Non-Cumulative Redeemable Preference Shares (OCRPS) to Non-Convertible Non-Cumulative Redeemable Preference Shares (NCRPS). The resolution was approved with significant support, as evidenced by 99.9975% of votes in favor from 129 members, representing 4.90 crore shares. This shift in shareholder preference may enhance the company's capital structure and liquidity. Consensus among shareholders illustrates strong backing for the company's strategic direction, potentially boosting investor confidence moving forward.