This is with reference to the above captioned subject line and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed ....
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Rajasthan Gases Limited (BSE Scrip Code: 526873) has issued the Notice of its 32nd AGM to be held on Friday, 26th September 2025 at 1:00 PM via Video Conferencing/OAVM. Ordinary business includes adoption of the audited financial statements for FY ended 31st March 2025 and reappointment of Managing Director Mr. Nikhilesh Khandelwal (DIN: 06945684), who retires by rotation. Key special business items include: (1) changing the company name from 'Rajasthan Gases Limited' to 'Rajasthan Ventures Limited' or 'Rajasthan Multitrading Limited' or 'Rajasthan Tradex Limited' or 'Rajasthan Solutions Limited', (2) altering the Main Object Clause to add general trading, import/export, futures/options, and diversified merchandise activities, signalling a major shift away from the core gases business, (3) increasing borrowing limits under Section 180(1)(c) up to Rs. 500 Crore, (4) creating mortgage/charge up to Rs. 500 Crore, (5) raising limits for loans, investments and guarantees under Section 186 up to Rs. 500 Crore, (6) appointing M/s Gupta Rupa & Associates as Secretarial Auditor for 5 years, and (7) adopting new set of MOA and AOA. The previous Statutory Auditor M/s Rahul S Gupta & Associates resigned on 4th August 2025 citing procedural delays in obtaining the ICAI Peer Review Certificate; M/s Sanjay Chindaliya & Co., Chartered Accountants, Nagpur is proposed as the new Statutory Auditor. The Register of Members and Share Transfer Books will be closed from 20th September 2025 to 26th September 2025.
The proposed name change and broad expansion of the Main Object Clause (from gases into general trading, commodities, futures & options, electronics, textiles, etc.) signal a strategic pivot away from the current core business. The significant increase in borrowing, investment and guarantee limits to Rs. 500 Crore points to plans for major expansion, acquisitions or debt-funded growth, which shareholders should evaluate carefully given the small base of operations implied by the existing objects. The auditor change is procedural and driven by regulatory compliance issues at the outgoing auditor.