Raj Oil Mills Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
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Raj Oil Mills Limited held its 23rd Annual General Meeting on September 29, 2025, via video conferencing from 11:30 AM to 12:21 PM, with 59 members in attendance (9 from the promoter group and 50 from the public). All directors, key managerial personnel, statutory auditors, internal auditors, and the scrutinizer were present, and the auditor's report had no qualifications or adverse remarks. The meeting considered 10 resolutions, including adoption of FY25 audited financial statements, re-appointment of two retiring directors, appointment of the secretarial auditor for five years, and approval of cost auditor remuneration. Four special resolutions sought shareholder approval for increases in remuneration of the Chairman, two Whole-Time Directors, and the Managing Director, along with a special resolution to create charges on company assets to secure borrowings under Section 180(1)(a). Remote e-voting was conducted from September 26 to September 28, 2025, and voting results will be declared and uploaded on the company's website shortly.
The increased remuneration for the promoter-family directors and the request to create charges on assets (signalling fresh or expanded borrowings) are the key items shareholders should watch, as both will impact future expenses and the company's debt position. Voting results from the special resolutions will be market-relevant and may influence short-term sentiment on the stock.