Shree Ram Proteins plans ₹17 crore undertaking sale

Key development

Shree Ram Proteins Limited (NSE: SRPL) has moved to seek shareholder approval for the sale, transfer, assignment, lease, disposal or other transfer of the company’s whole or substantially the whole undertaking. The proposal follows a board decision taken at its meeting held on August 04, 2026. The company has said the transaction is expected to be undertaken for an aggregate consideration of approximately ₹17,00,00,000 (₹17 crore). The sale is subject to approval of members and the receipt of statutory, regulatory, and other approvals, permissions, and consents as may be required. The company communicated the process through a Postal Ballot Notice dated August 10, 2026, issued under SEBI Listing Regulations.

What the board approved on August 04, 2026

In its disclosures, Shree Ram Proteins said the board approved the proposal for disposing of the whole or substantially the whole undertaking, subject to the conditions laid out in the notice. The company cited Section 180(1)(a) of the Companies Act, 2013, which requires member approval by special resolution for such a sale or disposal. It also framed the resolution as a material related party transaction under Section 188 of the Companies Act, 2013 and Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proposed consideration was indicated at about ₹17 crore. The company also said the final consideration will be determined by the board after negotiations with prospective purchaser(s). It will take into account independent valuation report(s), prevailing market conditions, other commercial considerations, and applicable legal and regulatory approvals.

Postal ballot notice and shareholder voting route

The company informed the exchange that it issued the Postal Ballot Notice dated August 10, 2026 along with an explanatory statement. The notice seeks member approval through remote e-voting for the resolutions set out in the notice. The postal ballot notice is being sent electronically to members whose email addresses are registered with the company, its Registrar and Transfer Agent (RTA), or the depositories as on the cut-off date of Friday, August 07, 2026. The company stated it has engaged National Securities Depository Limited (NSDL) for providing the remote e-voting facility to all members. It also shared that the notice would be communicated to the National Stock Exchange of India Limited (NSE).

E-voting window and result timeline

Shree Ram Proteins set a defined voting window for shareholders through remote e-voting. The company said the e-voting commences at 9:00 a.m. (IST) on Tuesday, August 11, 2026 and ends at 5:00 p.m. (IST) on Wednesday, September 09, 2026. After the end of the voting period, the remote e-voting facility will be blocked and voting will not be allowed beyond the specified date and time. If approved by the requisite majority, the proposed resolutions will be deemed to have been passed on the last date specified for e-voting, which is Wednesday, September 09, 2026. The company also disclosed that the postal ballot will be declared by the chairman of the board or a person duly authorised by the chairman within two working days of conclusion of the remote e-voting process, on or before Friday, September 11, 2026.

Public notice and where documents are hosted

The company said the notice of postal ballot was published on Tuesday, August 11, 2026 in Financial Express in English and in Financial Express in Gujarati. It also enclosed a copy of the newspaper advertisement of the postal ballot and instructions for remote e-voting. The company stated that the voting results and the scrutinizer’s report will be placed on its website and communicated to the NSE. It also noted that the voting results and scrutinizer report are to be made available on the company website at the URLs mentioned in the disclosures.

What shareholders are being asked to approve

The central resolution covers approval for sale, lease, or otherwise disposal of the whole or substantially the whole of the undertaking of the company. The company linked the requirement to Section 180(1)(a) of the Companies Act, 2013. Separately, exchange documents also describe the resolution as approval for sale of undertaking as a material related party transaction under Section 188 of the Companies Act, 2013 and Regulation 23 of SEBI LODR. The disclosures add that the board will finalise the consideration after negotiations with prospective purchaser(s) and in line with valuation reports and market conditions. In effect, shareholders are being asked to permit the company to proceed with a large asset or business transfer within the legal framework for listed companies.

Company profile context from disclosures

Shree Ram Proteins is involved in cotton seed extraction and also undertakes trading of cotton bales, cotton seed cakes, oil, rice bran, soya beans and occasionally mustard seeds, among other items. The company describes its operations as including de-linting and de-hulling cotton seeds and oil extraction processes for cotton seeds and ground nuts through mechanical and solvent extraction methods. Its registered office is listed as Imperial Heights Tower-B, Second Floor, Office No. B-206, 150 Ft Ring Road, Opp. Big Bazar, Rajkot, Gujarat, India, 360005. In the same set of materials, the company disclosed its Registrar and Share Transfer Agent contact details (Link Intime) with a branch office address in Ahmedabad. The disclosures also include investor support details such as the NSDL help desk numbers and the company email ID for correspondence.

Previous postal ballot history noted in filings

The exchange materials also reference earlier postal ballot-related filings, including disclosures around proceedings and a scrutinizer’s report. One set of results states that a resolution was approved with the requisite majority on Saturday, May 30, 2026, described as the last date of remote e-voting for that process. The scrutinizer report excerpt included voting data for a special resolution relating to variation in the objects or terms of utilisation of IPO proceeds and modification of the utilisation timeline. The summary in that excerpt showed 58 members voting in favour with 33,396,498 votes, representing 99.99% of total valid votes cast, while 4 members voted against with 1,888 votes, representing 0.01%. This history provides context on how the company has used the postal ballot mechanism for shareholder approvals.

Market snapshot and trading note in the provided data

The provided data includes a note stating “Stock not traded in NSE.” It also includes a market snapshot mentioning a “Current Price ₹ 0.82” and a separate line showing “Shree Ram Prot 0.34,” without further context on dates or the market source. Since these figures appear in the supplied material without a clear timestamp, they should be read as a limited snapshot rather than a full trading summary. For shareholders, the more immediate operational issue is the decision-making timeline around the postal ballot and the proposed sale consideration of about ₹17 crore.

Key facts at a glance

Why this matters for investors and governance tracking

A proposal to dispose of the whole or substantially the whole undertaking is a significant corporate action because it can alter the company’s operating structure and asset base. Under Indian company law, such actions require shareholder approval through a special resolution, which is why the postal ballot mechanism is central to this event. The company has also positioned the proposal within SEBI LODR requirements, including the framework for material related party transactions, which increases the compliance and disclosure expectations. For investors tracking SRPL, the key near-term milestones are the close of e-voting on September 09, 2026 and the declaration of results by September 11, 2026. The company has also stated that the final consideration will be decided after negotiations and valuation inputs, which means the ₹17 crore figure is an approximate aggregate value at this stage.

Conclusion

Shree Ram Proteins’ board-approved plan to sell or otherwise dispose of its whole or substantially the whole undertaking for an approximate ₹17 crore consideration has moved into the shareholder approval phase through a postal ballot. The remote e-voting window runs from August 11, 2026 to September 09, 2026, with results expected to be declared on or before September 11, 2026. The next concrete update will be the published voting outcome along with the scrutinizer’s report, as outlined in the company’s disclosures.