Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Voting Results and Scrutinizer''s Report
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Rathi Bars Limited held its 32nd AGM on September 16, 2025 (12:30 PM to 12:47 PM), where all 9 resolutions were passed with overwhelming majority (approximately 99.97% votes in favor). Out of 1,63,30,357 total outstanding shares, 1,04,57,685 votes (64.04%) were polled. Resolutions covered adoption of FY25 audited financial statements, re-appointment of Managing Director Mr. Anurag Rathi and Whole Time Director Mr. Uddhav Rathi, regularization of director Mr. Hukum Singh, ratification of cost auditors' remuneration, and appointment of a secretarial auditor for 5 years. Two material related party transactions with Rathi Special Steels Limited and Bhiwadi Iron Private Limited were also approved. The promoter group (holding 64% stake) voted 100% in favor across all resolutions, while public non-institutional shareholders showed notable dissent (around 65% voted against) on resolutions involving promoter-related parties.
Minor short-term impact expected; all routine AGM business was approved as expected. The high dissent (65%) from public shareholders on resolutions involving related party transactions and director re-appointments reflects ongoing investor concerns about governance matters involving the promoter group, though these resolutions still passed comfortably due to promoter backing.