Please find attached ootcome of Board Meeting 33rd Annual General meeting of Company for 2024-25
Awaiting price reaction for this filing.
Ratnakar Securities Limited has scheduled its 33rd AGM for December 15, 2025 at 4:30 PM in Ahmedabad, to be held in physical mode with remote e-voting facility available from December 12-14, 2025. Shareholders will consider adopting the audited standalone and consolidated financial statements for FY ended March 31, 2025, and reappoint Mr. Ajay Jayantilal Shah (Managing Director) who retires by rotation. Key special resolutions include raising the borrowing limit under Section 180(1)(c) to Rs. 50 crore, creating charges and mortgages on company assets up to Rs. 50 crore, and approving inter-corporate loans, investments, and guarantees up to Rs. 25 crore. An ordinary resolution seeks to appoint M/s Shah & Shah Associates as the Secretarial Auditor for a 5-year term from FY 2025-26 to FY 2029-30. The company, which emerged from a Corporate Insolvency Resolution Process in 2022, continues to operate as a BSE-listed entity with stock broking and advisory activities.
Shareholders should review the borrowing and investment limit proposals (Rs. 50 crore and Rs. 25 crore respectively), as these give the board significant financial flexibility that could affect future capital structure. Approval of these special resolutions requires a 75% majority vote, while the director reappointment and secretarial auditor appointment only need a simple majority.