Annual Report for the Financial Year 2024-25.
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Rathi Steel & Power Ltd has submitted its 54th Annual Report for FY 2024-25 along with the notice for its 54th Annual General Meeting scheduled for September 30, 2025 at 12:30 PM via video conferencing. The company has not declared any dividend for the year ended March 31, 2025. Key business items include appointment of Mr. Sameer Kishore Bhatnagar as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30), ratification of Cost Auditor remuneration of Rs 50,000 for FY 2025-26, and alteration of authorized share capital by creating 8,51,853 additional equity shares and reclassifying 4,08,147 unissued preference shares into equity shares. Significant board changes occurred during the year, with new Managing Director Shri Mahesh Pareek appointed and predecessor Shri Prem Narain Varshney resigned on May 9, 2025.
For shareholders, the absence of a dividend for FY 2024-25 may be a minor negative, while the share capital restructuring suggests potential fundraising plans. The AGM proceedings will determine key governance matters including auditor appointments and capital structure changes that could affect future dilution.