Regulation 34(1) of SEBI (LODR) Regulations, 2015, Submissions of 32nd Annual Report of Rathi Bars Limited
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Rathi Bars Limited has submitted its 32nd Annual Report for FY 2024-25 to BSE in compliance with Regulation 34(1) of SEBI (LODR) Regulations. The 32nd AGM will be held on September 16, 2025 at 12:30 PM via video conferencing, with the Annual Report being sent only through electronic mode to shareholders. Key items on the AGM agenda include adoption of audited financial statements, re-appointment of Managing Director Mr. Anurag Rathi and Whole Time Director Mr. Uddhav Rathi for 5-year terms from January 21, 2026, and regularisation of Mr. Hukum Singh as Non-Executive Director. The company is also seeking shareholder approval for material related party transactions worth up to Rs. 150 crores with Rathi Special Steels Limited (30.22% of FY 2024-25 consolidated turnover) and up to Rs. 175 crores with Bhiwadi Iron Private Limited (35.26% of turnover) for FY 2025-26. Additionally, M/s Siya Ram & Associates is proposed to be appointed as Secretarial Auditor for a 5-year period from FY 2025-26 to FY 2029-30 at Rs. 25,000 per year plus taxes.
Shareholders will need to vote on significant related party transactions (totalling up to Rs. 325 crores for FY 2025-26) and the re-appointment of promoter directors. The substantial RPT values — combined representing over 65% of annual turnover — indicate continued heavy inter-group dealings, which investors should review carefully. The cut-off date for e-voting eligibility is September 9, 2025.