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Rajshree Polypack: Bonus

The Board of Directors of the Company at their meeting held today i.e., Wednesday, January 17, 2024, has transacted the following agendas:1. Increase the Authorized Capital of the CompanyThe Board of Directors has proposed to increase the Authorised Share Capital of the Company from Rs. 15,00,00,000/- (Rupees Fifteen Crores Only) to Rs. 40,00,00,000/- (Rupees Forty Crores Only) subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company.Further, the Board recommended consequential amendments in the Capital Clause of Memorandum of Association ( MOA ) of the Company subject to approval of the shareholders of the Company.2. Bonus IssueThe Board of Directors have recommended the issue of Bonus Equity shares in ratio of 2:1 i.e., (Two) Bonus Equity shares for every (One) existing fully paid-up equity shares held by shareholders of the Company on the record date subject to necessary approvals.For dispatch of postal ballot notice, the Company shall be taking beneficiary position as on January 12, 2024. The Company shall further intimate the National Stock Exchange of India Limited on completion of dispatch of the Postal Ballot notice.The Record Date for the said purpose will be informed to the stakeholders in due course.Disclosure pursuant to SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 read with SEBI circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed as Annexure-I.3. Re-appointment of Mr. Anand Sajjankumar Rungta (DIN: 02191149) as Whole-time Director of the Company w.e.f June 24, 2024 for a period of 3 years.Based on the recommendation of the Nomination and Remuneration Committee and the Board, the aforementioned re-appointment shall be subject to the approval of the Members vide Postal Ballot.The brief details of information as required under Regulation 30 of SEBI Listing Regulations is enclosed herewith as Annexure II.4. Notice of Postal BallotThe Board of Directors have approved the draft notice of postal ballot to be sent to shareholders pursuant to the provisions of Section 110 of the Companies Act, 2013 and rules made thereunder. Further, the Board appointed M/s. Nishant Bajaj & Associates, Practicing Company Secretary as Scrutinizer for conducting the remote e-voting process in a fair and transparent manner.The Calendar of Events for the proposed postal ballot process is enclosed as Annexure- III.

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