SUBJECT: OUTCOME OF THE 32ND ANNUAL GENERAL MEETING Dear Sir/Madam, Pursuant to the Regulation 30 read with Part A of Schedule - III of the SEBI (Listing Obligation and Disclosure Requirements) ....
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Rajasthan Gases Limited held its 32nd AGM on September 26, 2025, via video conferencing, where 11 resolutions were transacted. Ordinary business included adoption of audited financial statements for FY ended March 31, 2025, re-appointment of Managing Director Nikhilesh Khandelwal, and appointment of M/s. Sanjay Chindaliya & Company as statutory auditors for a five-year term. Key special business items approved included a proposed change of the company's name, alteration of the main object clause, and adoption of new MOA and AOA aligned with the Companies Act, 2013. Shareholders also approved a major increase in borrowing limits to Rs. 500 crore under Section 180(1)(c), and an equal Rs. 500 crore cap on loans, investments, and guarantees under Section 186. CFO Prashant Soni was absent due to health reasons, and auditors reported no qualifications on the financials. Voting results are to be declared and filed with the exchange by September 28, 2025.
The sharp jump in borrowing and investment limits to Rs. 500 crore each signals management is preparing for significant expansion, acquisitions, or debt-funded growth. The proposed name change and revised main objects suggest a possible strategic pivot or rebranding, which shareholders should watch closely once formal results and the new name are disclosed.