Outcome of Board Meeting Dt 29th August, 2025.
RAJPALAYAM · price
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The Board of Rajapalayam Mills Ltd held a meeting on 29th August 2025 and approved the re-appointment of Justice Smt. Chitra Venkataraman (Retd.) as a Non-Executive Independent Director for a second term of five years, from 30th August 2025 to 29th August 2030, subject to shareholder approval. She had earlier been appointed as Additional Director on 11th August 2025 and completed her first term on the date of the 89th AGM. The Board also approved a Postal Ballot process to seek shareholder approval for material related party transactions with four Ramco-group companies (Ramco Industries, Sandhya Spinning Mill, Sri Vishnu Shankar Mill, and Ramaraju Surgical Cotton Mills), and for investments/loans/guarantees exceeding the limits under Section 186 of the Companies Act, 2013.
Routine governance update with no material impact on shareholders; the re-appointment ensures continuity of an experienced independent director, while the related party transactions are part of regular business with group entities and will require shareholder nod via postal ballot.