Scrutinizer Report and E voting Results for Annual General Meeting held on September 04,2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rajesh Power Services Limited held its 16th AGM on September 4, 2025, via video conferencing. All 11 resolutions were passed with the requisite majority. 30 members holding 1,26,42,792 shares participated through remote e-voting. Key resolutions included adoption of audited standalone and consolidated financial statements for FY2024-25, declaration of a final dividend, reappointment of Executive Director Utsav Nehal Panchal, appointment of Dinesh R. Thakkar & Co. as Statutory Auditor, and ratification of Cost Auditor Maulik Shah & Co.'s remuneration. Resolutions on adopting new Articles of Association, expanding borrowing powers under Section 180(1)(c), and approving sale/lease of undertakings under Section 180(1)(a) were passed with 99.99% approval (one member with 400 shares abstained). Resolutions on increasing managerial remuneration and related party transactions under Section 188 passed with 100% approval after excluding related party votes (63,14,792 valid votes counted).
Unanimous shareholder approval across all key resolutions, including dividend declaration and director reappointment, signals strong investor confidence. The green light to raise borrowing limits and approve related party transactions gives management flexibility for future growth, though shareholders should monitor how these powers are exercised.