Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rajasthan Tube Manufacturing Company filed revised voting results on 24th July 2025 for its 39th AGM held on 19th July 2025, correcting typographical errors from the earlier submission. Out of 5,487 shareholders on record, only 32 attended in person (4 promoters, 28 public). Of the 12 resolutions, 11 were passed with 100% support (23,927,135 votes). However, Resolution 2 seeking re-appointment of Mrs. Rajshree Jain (DIN:06934858) as director (retire by rotation) was rejected, with 57.76% voting against it (13,819,207 votes) and only 42.24% in favour. Key approvals included a new statutory auditor (UCC & Associates LLP), a whole-time director appointment (Mr. Pankaj Jain), a new independent director (Mr. Mahendra Kumar Modi), increase in authorised share capital, alteration of MOA and Articles of Association, and authorisation for further issue of equity shares.
The defeat of Mrs. Rajshree Jain's re-appointment is the most significant outcome and signals shareholder dissatisfaction with at least one board member. Approval of authorised capital increase and further equity issuance opens the door to potential dilution for existing shareholders. The seamless passage of other resolutions gives the board clear mandate to proceed with capital restructuring and new appointments.