Proceedings of Extra ordinary General Meeting held on 28.04.2025
RSDFIN · price
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RSD Finance Ltd held an Extraordinary General Meeting on 28 April 2025 at 11:00 AM at its registered office in Jamshedpur, which concluded at 12:00 PM. Mr. Rajeev Singh Dugal chaired the meeting with the required quorum present. Only one resolution was transacted: Reduction of Shareholding in its Material Subsidiary. Remote e-voting was open from 24 April (9:00 AM) to 27 April (5:00 PM), with physical ballot papers also available at the meeting. Mr. Sital Prasad Swain, Practicing Company Secretary, was appointed as Scrutinizer to oversee the voting process. The voting results and Scrutinizer's Report are pending and will be submitted and shared with stock exchanges in due course.
The only business item — reducing the company's stake in a material subsidiary — could simplify the group structure or signal a partial divestment. Investors should watch for the forthcoming voting results and Scrutinizer's Report to know if the resolution was passed and what it means for the company's consolidated position.