Genus Paper & Boards Limited — Others, 21-03-2025: Shareholders meeting

Genus Paper & Boards Limited has disclosed the results of a postal ballot in which shareholders approved several resolutions. Key outcomes include the cancellation of unissued equity shares and the issuance of non-cumulative redeemable preference shares at a 7% rate via private placement. Additionally, shareholders have sanctioned an amendment to the Articles of Association to facilitate the appointment of a Nominee Director. The favorable votes indicate strong support for these strategic changes, which should enhance the company's financial flexibility and governance structure. Overall, this development may foster a positive outlook among investors seeking growth opportunities.