Notice of 48th Annual General Meeting to be held on Saturday, 27th September, 2025 at 11.30 am through VC/OAVM.
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Rapicut Carbides has called its 48th AGM for Saturday, September 27, 2025 at 11:30 AM, to be held via video conferencing. Three ordinary business items are on the agenda: (1) adoption of audited financial statements for FY ended March 31, 2025, (2) re-appointment of Shri Abhishek V Gami (DIN: 07570948) as Director, who retires by rotation, and (3) revision of statutory auditor M/s K C Mehta & Co., LLP's remuneration. The auditor's yearly audit fee is being doubled from Rs 1.5 lakh to Rs 3 lakh per annum, while the quarterly limited review fee is being raised sharply from Rs 50,000 to Rs 3 lakh per quarter, effective July 1, 2025. Remote e-voting will be open from September 24 to September 26, 2025, with the cut-off date set as September 20, 2025.
This is a routine AGM notice with no major strategic or financial announcements. Shareholders should note the significant increase in auditor remuneration, which is being justified by management citing expanded scope and market conditions. No immediate impact on share price is expected from the resolutions themselves.