R&B Denims Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on March 13, 2026. Further, the company has informed the Exchange regarding voting results.
RNBDENIMS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
R&B Denims Limited held an Extraordinary General Meeting (EGM) on 13 March 2026 where shareholders approved three key resolutions with overwhelming majority. Resolution 1 was a stock split, sub-dividing equity shares from a face value of Rs. 2 to Re. 1 per share, with 99.94% of voted shares in favour (46,569,728 shares for vs 27,843 against). Resolution 2 approved an increase in the company's authorised share capital along with corresponding changes to the Memorandum of Association, with 99.95% support (46,575,046 shares for vs 23,075 against). Resolution 3 approved the issue of bonus shares to shareholders, with 99.97% support (46,586,566 shares for vs 12,368 against). All three resolutions were passed as Ordinary Resolutions through e-voting and scrutinised by the Practicing Company Secretary Ranjit Kejriwal.
Shareholders have cleared the way for a stock split (Rs. 2 to Re. 1 face value), a hike in authorised share capital, and a bonus issue. These corporate actions typically improve share liquidity and reward existing shareholders, and are likely to be positive for the stock in the short term as the bonus and split become effective.