RAJPALAYAM · price
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Awaiting price reaction for this filing.
Rajapalayam Mills conducted a postal ballot via remote e-voting that closed on 9th October 2025, with all six resolutions passed by shareholders. Four ordinary resolutions approved material related party transactions worth up to Rs 450 Crores each over FY 2025-26 to 2027-28 with Ramco Industries, Sandhya Spinning Mill, Sri Vishnu Shankar Mill, and The Ramaraju Surgical Cotton Mills (all Ramco group entities). A special resolution approved raising the company's investment, loan, and guarantee limit to Rs 150 Crores beyond the Section 186 thresholds. Another special resolution re-appointed Justice Smt. Chitra Venkataraman (Retd.) as Non-Executive Independent Director for a second 5-year term ending 29th August 2030. All resolutions passed with overwhelming support—over 98.67% in favour on related party items and 99.72%–99.80% on the special resolutions. Promoters did not vote on the related party resolutions as they were interested parties.
This is a routine corporate governance update with no negative implications for shareholders. The approvals give the company clearance to continue inter-group transactions within the Ramco ecosystem and provide the board flexibility to deploy up to Rs 150 Crores in investments and loans. Expect minimal stock price impact as all outcomes were largely anticipated.