EGM on July 17 for new electronics business, MoA overhaul, and director appointments
Awaiting price reaction for this filing.
RCC Cements board approved several items for shareholder approval at an EGM on July 17, 2026 at 11 AM in New Delhi. Key items: (1) a major business shift from cement to consumer electronics, mobile phones, accessories and computer hardware, (2) adoption of a new MoA and AoA aligned with the Companies Act 2013, (3) regularize Mr Faizal Bavaraparambil as Non-Executive Non-Independent Director, (4) appoint Mr Shatrughan Sahu as Independent Director for 5 years from April 21, 2026, (5) raise borrowing cap to Rs 200 crore, (6) allow investments and loans up to Rs 50 crore, (7) approve related party transactions up to Rs 25.60 crore for FY27. E-voting runs July 14 to 16.
Shareholders will vote on a big pivot from cement to electronics, higher borrowing limit of Rs 200 crore, and new directors. Watch debt and execution risk.