Intimation of 32nd Annual General Meeting to be held on Tuesday, 16th September, 2025 at 12:30 P.M.
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Rathi Bars Limited has informed BSE that its 32nd Annual General Meeting (AGM) will be held on Tuesday, September 16, 2025 at 12:30 PM via video conferencing. Ordinary business includes adoption of audited standalone financial statements for FY 2024-25 and reappointment of Mr. Anurag Rathi as a director retiring by rotation. Special business includes regularisation of Mr. Hukum Singh (DIN: 07989600) as Non-Executive Director, ratification of Rs. 25,000 remuneration for Cost Auditor Avnesh Jain & Co for FY 2025-26, and appointment of M/s Siya Ram & Associates as Secretarial Auditor for 5 consecutive years (FY 2025-26 to 2029-30) at Rs. 25,000 per annum. Shareholders will also approve material related party transactions of up to Rs. 150 crores with Rathi Special Steels Limited (30.22% of FY24-25 consolidated turnover) and up to Rs. 175 crores with Bhiwadi Iron Private Limited (35.26% of turnover) for FY 2025-26, both for sale/purchase of steel products. Reappointments of Mr. Anurag Rathi as Managing Director and Mr. Uddhav Rathi as Whole Time Director & CFO, both for 5 years effective January 21, 2026, are also on the agenda. Remote e-voting runs from September 13-15, 2025, with cut-off date of September 9, 2025.
Routine AGM notice but worth noting that promoter family members (uncle Anurag Rathi and nephew Uddhav Rathi, collectively holding ~12.71%) are being reappointed to top executive roles for another 5-year term. The combined Rs. 325 crores RPT ceiling with two related parties for FY 2025-26 represents a significant portion of business and merits review by minority shareholders, though the company states transactions are at arm's length.