Notice of EGM of K&R Rail Engineering Limited to be held on 07.03.2026
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Awaiting price reaction for this filing.
K&R Rail Engineering Limited has called an Extra-Ordinary General Meeting (EGM) on Saturday, 7th March 2026 at 11:00 AM via video conferencing. The single special business on the agenda is the appointment of Mr. Ilyas Nasir Khan (DIN: 08060920) as Whole-Time Director for a period of 5 years from 5th January 2026, with a proposed remuneration of Rs. 50,000 per month. The appointment was approved by the Board on 05.01.2026 and now requires shareholder approval as a Special Resolution. The company reported turnover of Rs. 64,002.12 lakhs in FY25 (up from Rs. 61,223.30 lakhs in FY24), but net profit declined to Rs. 547.17 lakhs from Rs. 711.90 lakhs, as the company is in an expansion phase. Shareholders can vote electronically between 4th March and 6th March 2026, with the cut-off date being 28th February 2026.
This is a routine governance event seeking shareholder approval for a board-level appointment. The Rs. 50,000/month remuneration is modest, and the resolution is expected to pass. No major material impact on stock price is anticipated from this filing.