Pursuant to the provisions of Regulation 34(1)(a) of the SEBI(LODR) Regulations, 2015, the Notice calling the 43rd Annual General Meeting along with the Annual Report of the company for ....
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Raasi Refractories has submitted its 43rd Annual Report for FY 2024-25 along with the AGM notice. The 43rd AGM will be held on September 30, 2025 at 10:30 AM through video conferencing. Total revenue declined to Rs. 3,571.93 lakhs from Rs. 4,033.03 lakhs in the previous year, and profit after tax fell sharply to Rs. 8.91 lakhs from Rs. 29.63 lakhs. Earnings per share dropped to Rs. 0.19 from Rs. 0.63. No dividend has been recommended, and the Board has not transferred any funds to reserves. Key resolutions include appointing Venkanna Konda as Managing Director for 5 years at Rs. 1 crore annual remuneration, and appointing M/s BPK Associates as Secretarial Auditors for 5 years. The company has no subsidiaries, no change in share capital, and no related party transactions of concern.
Sharply lower revenue and a steep drop in profits, along with no dividend, signal weak operational performance for shareholders. The new MD's appointment at Rs. 1 crore remuneration is subject to shareholder approval at the upcoming AGM, where voting outcomes on this and the secretarial auditor appointment will be the key items to watch.