RAJPALAYAM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rajapalayam Mills has called its 89th AGM on 29th August 2025 at 11:00 AM via video conferencing. Key items on the agenda include adoption of FY25 audited financials, declaration of a dividend of Rs. 0.50 per share (down from Rs. 0.60 last year), and re-appointment of two directors retiring by rotation. The company also seeks shareholder approval to appoint a new Secretarial Auditor for 5 years and ratify the remuneration of the Cost Auditor for FY26. A special resolution seeks continuation of Managing Director Smt. P.V. Nirmala Raju's remuneration at 5% of net profits or a minimum of Rs. 240 lakhs per annum until May 2027. Another special resolution proposes raising the company's borrowing limit to Rs. 850 crores and amending the Articles of Association accordingly. The cut-off date for e-voting eligibility is 22nd August 2025, with voting open from 26th to 28th August 2025.
Shareholders should note that the company reported a total comprehensive loss of Rs. 51.71 crore in FY25 against a profit of Rs. 29.09 crore in FY24, which is why the dividend has been reduced and the company is seeking shareholder approval to continue paying minimum remuneration to the MD due to inadequate profits. The proposed higher borrowing limit of Rs. 850 crores signals potential capacity for future expansion or debt restructuring, which shareholders should evaluate carefully.