Announced Wed, 29 Apr · 10:59 IST
Postal Ballot for Re-appointment of 3 Promoter Executive Directors
Management Changes View source PDF
RAJOOENG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-17.9%1-day move
₹70.95
prior close
₹60.10
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.1+0.4+0.9-17.9-20.0-20.6-16.8-15.7-17.0-21.9-22.8-25.5—
Up moveDown movePending
AI summary
Rajoo Engineers seeks shareholder approval via postal ballot (e-voting April 30 – May 29, 2026) to re-appoint three promoter executive directors for 5 years from June 1, 2026: Rajesh N. Doshi as Chairman & ED (salary up to Rs 3.60 Cr/yr), Khushboo C. Doshi as MD (up to Rs 2.40 Cr/yr), and Utsav K. Doshi as JMD (up to Rs 2.16 Cr/yr). All are special resolutions; aggregate managerial remuneration capped at 21% of net profits.
Likely market impact
Continuity in promoter-led leadership; combined executive director pay ceiling ~Rs 8.16 Cr/yr within 21% of net profits cap.