Kiran Print Pack Board Approves Asset Sale and AGM Schedule

Asset Sale: Industrial property at TTC Industrial Area, Navi Mumbai to be transferred to Karav Innovation LLP.
AGM Date: 37th Annual General Meeting set for September 24, 2026, via virtual mode.

Reader Takeaway: The asset sale to a promoter-linked entity requires careful scrutiny at the upcoming shareholder AGM.

What just happened

Kiran Print Pack Ltd has approved the divestment of its industrial land and building situated at W-166 E, TTC Industrial Area, MIDC Pawane, Navi Mumbai. This asset transfer is directed toward Karav Innovation LLP. Notably, the board disclosed that this entity is associated with the company’s promoters, who serve as designated partners there. The transaction is conducted on an 'as is where is' basis.

AGM and Governance

The company has scheduled its 37th Annual General Meeting for September 24, 2026, to be held via Video Conferencing or Other Audio Visual Means. Shareholders will vote on the proposed asset sale during this meeting. Additionally, the board has cleared the reappointment of Mr. Vinodkumar Bajranglal Dalmia as an Independent Director for a second five-year term, covering September 2026 to September 2031.

Key Dates

The book closure period for the AGM is set from September 18 to September 24, 2026. Shareholders must note September 17, 2026, as the cut-off date for e-voting eligibility. Mr. Narottam Bagaria has been appointed as the Scrutinizer to oversee the e-voting process.

What to track next

Investors should examine the specific valuation and terms of the land sale to Karav Innovation LLP, which will be presented for shareholder approval. The influence of the promoter group in this transaction remains a point of focus for governance monitoring.