Voting Result of 16th AGM
RPEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Raghav Productivity Enhancers Limited held its 16th AGM on 26 August 2025, with 7 promoter group members and 48 public shareholders attending via video conferencing out of 14,975 total shareholders on record date. Six resolutions were passed, including adoption of audited financial statements (standalone and consolidated) for FY ended 31 March 2025, declaration of a dividend of Rs. 1.00 per equity share (10% on face value of Rs. 10), re-appointment of Mr. Sanjay Kabra as a director (retiring by rotation), appointment of M/s Arms and Associates LLP as secretarial auditor for 5 years, re-appointment of Mr. Govind Saboo as Independent Non-Executive Director for a second 5-year term, and authorization under Section 186 of the Companies Act, 2013 for a borrowing/investment limit of Rs. 100 crore. All resolutions passed with near-unanimous approval, with total voting turnout of 50.87% of outstanding shares. The only notable dissent was on the Section 186 authorization, where public institutions voted 98.30% against (8,615 votes), though the resolution still passed with 99.96% overall support.
The confirmed Rs. 1.00 per share dividend is a positive return for shareholders. All key corporate actions — financials, dividend, director re-appointments, auditor re-appointment, and Rs. 100 crore Section 186 authorization — received shareholder approval, providing governance clarity. The strong voting support (100% on most resolutions) signals broad shareholder confidence, though the dissent from institutional investors on the Rs. 100 crore authorization limit is worth noting.