Outcome of the AGM held on 23rd September, 2025
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Raja Bahadur International Ltd held its 99th AGM on September 23, 2025, via video conferencing, where all 6 resolutions were approved by shareholders with the required majority. The resolutions included adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, re-appointment of Mr. Shridhar Pittie (Chairman & Managing Director) who retires by rotation, and appointment of four directors — Mr. Nayankumar Mirani (Non-Executive Non-Independent), Mr. Narayan Kamath (Independent), and Mr. Umang Pittie and Mr. Vaibhav Pittie (both as Whole-time Directors). A total of 17 members attended through VC, and 176,496 votes were polled out of 250,000 total shares (70.6% voting turnout), with 100% of votes cast in favor of every resolution and zero votes against.
The outcome is routine and largely procedural — no special business like fundraising, M&A, or dividend changes was on the table. For shareholders, the key takeaway is the formal induction of two Pittie family members (Umang and Vaibhav) as Whole-time Directors, indicating continued family involvement in management, which may be relevant to those tracking corporate governance and succession at the company. Unanimous approval across all resolutions suggests no shareholder dissent on the company's direction.