agm scruitinizer report and voting results
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Rajasthan Tube Manufacturing Company Ltd held its 39th AGM on 19th July 2025 in Jaipur, where shareholders voted on 12 resolutions. A total of 3,241 shareholders were on record, with 40 members casting 2,39,27,135 valid votes. 11 of the 12 resolutions passed with 100% in favour, including the adoption of FY25 audited financials, ratification of statutory auditors, appointment of a secretarial auditor, appointment of a new Whole-time Director and Independent Director, increase in authorised share capital, alterations to the MoA and AoA, and approval for a further issue of equity shares. Notably, Resolution 2 seeking to re-appoint Mrs. Rajshree Jain (DIN: 06934858) as a Director via rotation was rejected, with 57.76% of votes cast against it (1,38,19,207 votes) versus 42.24% in favour (1,01,07,928 votes).
The rejection of Mrs. Rajshree Jain's re-appointment is a rare and significant governance event that creates uncertainty around board continuity. Meanwhile, the approval of an authorised share capital increase and a further equity share issue signals potential dilution for existing shareholders in the near term.