1. In-principle approval for sale of landed property and to seek shareholders approval for this purpose u/s 180(1)(a) of the Companies Act, 2026 through postal ballot process, etc 2.Approval ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Rasi Electrodes Ltd's Board of Directors met on May 20, 2026, and granted in-principle approval for the sale of landed property. Since the transaction exceeds the threshold under Section 180(1)(a) of the Companies Act, 2013, the company must seek shareholder approval. This will be conducted via postal ballot process. The meeting lasted from 11:30 hours to 14:30 hours. The document also mentions appointments related to secretarial and statutory auditors.
This property sale requires shareholder consent, which will be sought via postal ballot. If approved, it may generate liquidity for the company but could signal non-core asset disposal. The impact on stock depends on the property's value relative to company size.