Notice of 32nd Annual General Meeting of the Company
Awaiting price reaction for this filing.
RCI Industries & Technologies Limited (BSE: 537254) is holding its 32nd AGM on Tuesday, February 10, 2026, at 11:00 AM via video conferencing, with remote e-voting open from February 7-9, 2026. This is a landmark AGM as the company recently emerged from the corporate insolvency resolution process (CIRP) — the NCLT approved the resolution plan submitted by JTL Industries Limited on October 9, 2025, and new management officially took control on December 9, 2025. Key agenda items include adoption of FY23 audited financial statements (notably delayed), appointment of M/s R. Bansal & Co. as Statutory Auditors for a 5-year term (FY26–FY30), and appointment of Mr. Pranav Singla as Managing Director and Mr. Dhruv Singla as Whole-time Director, both for 5-year terms with a monthly remuneration of up to Rs. 1 lakh. Three new Independent Directors (Mrs. Neerja Chathley, Mr. Satinder Singh, and Dr. Venkatagowri Sankara Jayaram Pyla) are also being appointed for 3-year terms. The company is in the middle of a capital restructuring, with fresh equity of Rs. 10 crore (1 crore shares of Rs. 10) allotted to JTL Industries Limited and existing public shareholding being reduced to just 5% of the expanded capital base.
This AGM marks a complete change of guard post-insolvency, with JTL Industries' nominees taking key board seats and the shareholding structure being overhauled — existing public shareholders face significant dilution down to 5% of the company, but the resolution plan brings new management, capital, and a potential revival story that could reshape the stock's trajectory.