baord meeting to approve date of AGM
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board meeting held on 21st June 2025 approved multiple key items for Rajasthan Tube Manufacturing Company. The 39th AGM was fixed for 19th July 2025 at 10:00 AM in Jaipur, with e-voting between 16th-18th July and the cut-off date set as 12th July. The board accepted the resignation of statutory auditor Giriraj & Lohiya (citing personal reasons, effective 20th June 2025) and appointed M/S UCC & Associates LLP as the new statutory auditor for a 5-year term to fill the casual vacancy. Two new directors were appointed (Mr. Mahendra Kumar Modi as Independent Director and Mr. Pankaj Jain as Whole Time Director), while Ms. Chanchal was re-designated from Non-Executive Independent to Non-Executive Non-Independent Director. Khushbu Kanwar & Co. was appointed as Secretarial Auditor for 5 years. The board also approved an increase in authorised share capital, amendment to Articles of Association, and a resolution authorising the board to issue further equity shares, all subject to shareholder approval at the upcoming AGM.
Shareholders should note the mid-tenure auditor change due to personal reasons, which may warrant attention, and the approval for further equity issuance signals potential dilution ahead. The book closure period from 13th-19th July means shareholders must hold shares by 12th July to be eligible to vote at the AGM.