RACL Geartech Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025
RACLGEAR · price
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RACL Geartech Limited held its 42nd Annual General Meeting on September 26, 2025, via video conferencing, with 58 members in attendance. The meeting ran from 11:00 AM to 12:25 PM and was chaired by Chairman & Managing Director Mr. Gursharan Singh. Ten resolutions were tabled, including adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2025, reappointment of Mr. Anil Sharma (who retires by rotation), and appointment of statutory and secretarial auditors. Special resolutions were passed for appointing Mr. Pravir Kumar as an Independent Director, and for approving the remuneration of the Chairman & MD, Non-Executive Director Mrs. Narinder Paul Kaur, and the reappointment of Mr. Anil Sharma with revised pay. An increase in remuneration for Chief Operating Officer Mr. Prabh Mehar Singh was also approved. The voting results and consolidated scrutinizer's report will be filed separately within the prescribed timeline.
This is a routine procedural filing with no material surprises for shareholders. The remuneration approvals for senior management are worth monitoring, and investors should look out for the voting outcome to gauge shareholder approval levels on the pay hikes.