32nd AGM held under CIRP; SRA to hold 95% post-resolution
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rajeswari Infrastructure held its 32nd AGM on 13 July 2026 via video conferencing. The company is under CIRP with the NCLT-approved Resolution Plan by Mr. Guruswamy Ramamurthy as Successful Resolution Applicant. Shareholder voting rights are suspended under Clause 16.1 of the plan. Promoter equity is extinguished; public shareholders will retain just 53,164 shares (5%), while the SRA will hold 95 percent via 10,10,116 fresh shares of Rs 10 each. The only agenda item was noting FY25 audited financials; no shareholder voting took place. Minimum public shareholding of 25% to be restored within 2 years via FPO.
Massive dilution for existing public shareholders down to 5%; voting rights suspended until handover; SRA gains 95% control; FPO likely within 2 years.