Ram Ratna Wires Limited has informed the Exchange regarding Notice of 33rd Annual General Meeting of the Company to be held on August 29, 2025
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Ram Ratna Wires Limited has called its 33rd AGM on Friday, August 29, 2025 at 11:30 AM, to be held via video conferencing. Shareholders will consider adoption of the 'revised' audited standalone and consolidated financial statements for FY ended March 31, 2025, and a dividend of ₹2.50 per share (face value ₹5, i.e. 50%) with record date August 18, 2025 and payment on or before September 26, 2025. The agenda also includes appointment of M/s. Khanna & Co. as Secretarial Auditors for five years (FY 2025-26 to 2029-30), ratification of M/s. Poddar & Co.'s cost audit remuneration of ₹7 lakh for FY 2025-26, and a change in remuneration for the Managing Director. Several director appointments and re-appointments are proposed, including Hemant Kabra as Joint Managing Director, Sumeet Kabra and Hitesh Vaghela as Executive Directors, and Sanjay Agarwal as Independent Director.
The 'revised' label on the financial statements is unusual and may signal a restatement that shareholders should review. The ₹2.50 dividend (50% on face value) is a steady return, while the cluster of family-member director appointments and a related-party appointment of Smt. Usha Vaghela (wife of a director) at ₹7.5 lakh/month may attract governance scrutiny but is unlikely to move the stock on its own.