RAJOOENGNSERajoo Engineers LimitedMediumNeutral
Announced Fri, 29 May · 19:49 IST

Rajoo Engineers Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.

Management Changes View source PDF

RAJOOENG · price

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▲ 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
-0.1%1-day move
₹54.80
prior close
₹56.15
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.6-1.9-1.9-1.8-0.1-0.5-1.1-0.8-2.4-2.2+2.5-3.9
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AI summary

Rajoo Engineers Limited has announced the results of a postal ballot conducted through remote e-voting from April 30 to May 29, 2026. Three special resolutions were passed with overwhelming shareholder approval (99.99% in favor): re-appointment of Mr. Rajesh N. Doshi as Chairman & Executive Director, Ms. Khushboo C. Doshi as Managing Director, and Mr. Utsav K. Doshi as Joint Managing Director. All three are from the promoter Doshi family and have been re-appointed for a fresh term of 5 years starting June 1, 2026. The voting was conducted via NSDL e-voting platform with 67,258 eligible shareholders on the cut-off date of April 24, 2026. A practicing company secretary served as the scrutinizer who verified the results.

Likely market impact

The continuity of the Doshi family's leadership in key executive roles provides stability to the company's management. Shareholders have overwhelmingly supported the re-appointments with near-unanimous votes, which is a positive signal for the company's governance and future operations.