Outcome of Annual general meeting held on 30 September 2025 of RTCL Limited
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Awaiting price reaction for this filing.
Raghunath Tobacco Company Ltd held its 31st Annual General Meeting on September 30, 2025, in Kanpur, chaired by Mr. Ajay Kumar Jain with all directors present. Shareholders adopted the audited financial statements for the year ended March 31, 2025, and approved the re-appointment of Mr. Ajay Kumar Jain as director, who retires by rotation. V.V.G & Co. was appointed as the new statutory auditor to fill a casual vacancy left by M/S Kumar Piyush & Co., and M/s Sushil Gupta & Associates was appointed as secretarial auditor for a five-year term. Shareholders also passed special resolutions giving the board expanded powers to borrow, sell or mortgage assets, give loans and guarantees, and enter into related party transactions under Sections 180, 186, and 188 of the Companies Act. Voting was conducted both electronically and at the venue, with results to be announced within 48 hours.
This is a routine AGM outcome filing, but the broad special resolutions on borrowing, asset disposal, and related party transactions give the board significant financial flexibility going forward. The change of statutory auditor and the granting of wide-ranging powers may be watched by shareholders for governance reasons, though no immediate impact on share price is expected from procedural approvals alone.