1.POSTAL BALLOT RESULT AND SCRUTINISERS REPORT TAKEN ON RECORD. 2.Authorisation to invest the temporary surplus funds not immediately required for the business of the Company. 3.Authorisation ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rasi Electrodes Ltd held a board meeting on March 31, 2026, where the results of the postal ballot conducted from February 28 to March 30, 2026, along with the Scrutinizer's Report, were taken on record. The board authorized investing temporary surplus funds in inter-corporate deposits (up to Rs. 3 crores), equity/derivatives/commodities (up to Rs. 5 crores), and bank deposits/money market instruments (up to Rs. 15 crores), all within Section 186(2) limits. Additionally, Managing Director Mr. F Premkumar Kothari was authorized to extend loans and advances of up to Rs. 5 crores to non-related parties or bodies corporate from surplus funds at interest rates not lower than comparable government security yields.
This is largely a housekeeping/treasury management decision and signals that the company has idle cash to deploy. Shareholders should note the expanded authority to lend to third parties (up to Rs. 5 crores), which carries some credit risk but is capped under regulatory limits. No material business change is expected; near-term stock impact should be minimal.