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3P Land Holdings Limited has issued a notice for a postal ballot, seeking shareholder approval for the renewal of a Material Related Party Transaction. The transaction involves a Leave and License Agreement with Pudumjee Paper Products Limited, a related party, for a period of 5 years, from February 1, 2026, to January 31, 2031.

The company is facilitating remote e-voting for this purpose, with the voting period commencing on January 1, 2026, at 9:00 a.m. IST and concluding on January 30, 2026, at 5:00 p.m. IST. The results of the postal ballot are expected to be announced on or before January 31, 2026.

The proposed agreement pertains to land admeasuring approximately 4.63 acres located in Thergaon, Pune. The annual license fee for the first year (2 months) is ₹9,26,000, with subsequent annual values increasing up to ₹64,85,370 for FY2029-30. The total value of the transaction over the 5-year period is ₹3,07,00,428.

This renewal is considered a material related party transaction as it exceeds certain thresholds based on the company's consolidated turnover. The Audit Committee and the Board of Directors have already approved the proposed transaction, subject to shareholder consent. Members whose email addresses are registered with the company or depositories will receive the postal ballot notice electronically.