Pursuant to Regulation 44(3) of SEBI (LODR) Regulations, 2015 enclosing herewith details of voting business transacted at the Thirty Ninth (39TH AGM) of the Company along with Report of Scrutinizer.
Awaiting price reaction for this filing.
Rama Petrochemicals Limited filed the voting results of its 39th AGM held on August 6, 2025, conducted through video conferencing. All five resolutions were passed with overwhelming majority, including adoption of audited financial statements for FY25 (100% in favour), re-appointment of Mr. Shirish V. Karia as director (99.99% in favour), re-appointment of M/s Khandelwal & Mehta LLP as statutory auditors (100% in favour), re-appointment of Mr. Pankaj Kumar Banerjee as Independent Director (99.99% in favour), and appointment of M/s Ashok Patel & Associates as Secretarial Auditor (100% in favour). Of 14,088 total shareholders on record, only 33 attended via VC and approximately 47.5% of outstanding shares were polled. The Scrutinizer's report also notes that the company allotted 49,50,950 warrants to the promoter group on March 21, 2025 at Rs. 10 each, of which 12,54,750 warrants were subsequently converted into equity shares on March 26, 2025, raising the paid-up share capital from Rs. 10.47 crore to Rs. 11.72 crore.
All ordinary and special business items at the AGM were approved by shareholders, so there is no negative governance event. The disclosure of conversion of promoter warrants into equity shares (about 12% dilution of earlier share capital) signals equity infusion from promoters, which could be read as a confidence indicator, but retail shareholders should note the corresponding increase in share count.