Emami Paper Mills Limited — Others, 04-08-2025: Shareholders meeting

Emami Paper Mills shareholders have approved two key proposals. They sanctioned the conversion of Series II Tranche I Optionally Convertible Preference Shares to Non-Convertible Preference Shares. This means these shares will no longer convert into equity, removing potential future dilution for existing equity holders. Shareholders also approved the re-appointment of Mrs. Mamta Binani as an Independent Director for a second five-year term. Both resolutions passed with an overwhelming majority, securing over 4.31 Cr votes in favor for each. This decision clarifies the company's capital structure and ensures board continuity.