Company has intimated under Regulation 44 (3) Securities and Exchange on India (LODR) Regulations, 2015 read with Section 108 of the Companies Act, 2013 and Rule 20(4)(xii) of the Companies ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rapid Investments Limited announced the results of a postal ballot conducted via remote e-voting from October 6 to November 4, 2025. A single ordinary resolution was put to vote: the appointment of M/s. NNK & Co., Chartered Accountants (FRN: 143291W) as the new Statutory Auditors, filling the casual vacancy left by the resignation of M/s. Valawat & Associates. Out of 544 eligible shareholders holding 2,149,544 shares, 1,469,932 shares (68.38%) were voted, with 1,469,931 votes (99.9999%) in favour and just 1 vote against. Both the promoter group (1,112,480 shares, 100% in favour) and public non-institutional shareholders (357,452 shares, 99.9997% in favour) overwhelmingly supported the resolution. The scrutinizer, Pankaj S Desai, confirmed the resolution was passed with the requisite majority.
The company has formally appointed NNK & Co. as its new statutory auditor following Valawat & Associates' resignation. This is a routine administrative change with near-unanimous shareholder support, suggesting no governance concerns. Minimal impact expected on stock price as this is a standard compliance event.