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Board Meeting Announcement for Sundaram Multi Pap Ltd - Jan 27, 2025

Board Meeting Announcement for Sundaram Multi Pap Ltd - Jan 27, 2025

Inter alia, to consider and approve following business transactions: 1. Proposal for the issuance of sweat equity shares to directors:  To recognize and reward the exceptional contributions of the directors, Mr. Amrut P Shah and Mr. Shantilal P Shah, who have rendered outstanding services to the Company over the past 35 years since its inception by way of issuing equity shares to them subject to obtaining the approval of the shareholders of the Company.  To finalize the number, price, terms, and conditions for the issuance of sweat equity shares in accordance with the valuation reports obtained from the approved valuers, and sweat equity share scheme, and to discuss compliances with reference to: o Section 54 of the Companies Act, 2013, and relevant rules thereunder. o Regulation 14 of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. 2. Board Approval for convening an Extra Ordinary General Meeting (EGM):  To seek Board approval for holding an EGM for the issuance of sweat equity shares by way of a special resolution, and to finalize the draft EGM notice and other related aspects. 3. Any other business with the permission of the Chair.

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