Proceedings of 16th Annual General Meeting on Thursday dated September 04,2025 .
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Rajesh Power Services Limited held its 16th Annual General Meeting on September 4, 2025 via Video Conferencing, which ran from 11:00 AM to 11:21 AM with 34 members in attendance. Mr. Kurang Panchal, Managing Director, chaired the meeting. Eleven resolutions were proposed, including adoption of audited standalone and consolidated financial statements for FY2024-25, declaration of a final dividend, reappointment of Executive Director Mr. Utsav Panchal, appointment of M/s Dinesh R. Thakkar & Co as Statutory Auditor, ratification of Cost Auditor remuneration, adoption of new Articles of Association, approval to borrow funds beyond paid-up capital and free reserves, authority to sell/lease/Dispose of undertakings, increase in managerial remuneration, and approval of related party transactions. E-voting facility (remote and at AGM) was provided, with Ms. Aanal Satyawadi appointed as Scrutinizer. Results of voting will be declared separately after scrutiny.
The agenda signals continued operational growth with a final dividend declaration for shareholders, while resolutions on enhanced borrowing limits, asset disposal powers, and increased managerial remuneration suggest the company is preparing for expansion. Related party transaction approval and new auditor appointment are routine governance updates and unlikely to materially impact share price on their own.