Orient Press Ltd shareholders have unanimously approved eight resolutions at the company's 38th Annual General Meeting, including the authorization to dispose of factory assets in Tarapur. The meeting also confirmed key leadership re-appointments, including Managing Director Mr. Ramvilas Maheshwari, and endorsed promoter remuneration packages.
Orient Press Ltd 38th AGM Voting Results
All eight resolutions passed with 100% of votes cast in favor at the September 28, 2026, meeting.
Reader Takeaway: Shareholders unanimously approved the Tarapur site sale and leadership extensions, signaling strong support for current management strategy.
What just happened
Orient Press Ltd conducted its 38th Annual General Meeting via video conferencing. Shareholders voted to pass all proposed items, ranging from the adoption of audited financial statements to specific structural changes.
Why this matters
The most significant operational update is the authorization for the company to sell, lease, or dispose of its factory land and building at Plot No. G-73, Tarapur Industrial Area, Palghar. This resolution grants the board the mandate to execute a divestment of these specific industrial assets.
Leadership and Governance
Shareholders backed the continuity of the core leadership team. Mr. Ramvilas Maheshwari was re-appointed as Managing Director. Mr. Rajaram Maheshwari and Mr. Prakash Maheshwari were also re-appointed as Whole-time Directors. Additionally, the company secured approval for promoter remuneration exceeding 5% of net profits, confirming shareholder alignment with current executive compensation policies.
What to track next
Investors should monitor official disclosures regarding the execution of the Tarapur asset disposal. Specific details on the valuation, timeline, and impact of the sale on the company's financial position remain forthcoming as the company moves to implement the board's mandate.