Details of Voting Results of 54th AGM and Scrutiniser Report
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Rathi Steel & Power held its 54th Annual General Meeting on September 30, 2025, via video conferencing. All five ordinary resolutions were passed with overwhelming majority. The resolutions included adoption of audited financial statements for FY25 (99.999% in favour), reappointment of Mr. Rajesh Khurana as director (99.999%), appointment of secretarial auditor (99.999%), ratification of cost auditor remuneration for FY26 (99.98%), and alteration of authorised share capital with corresponding change to the MOA (99.997%). Total voting turnout was 36.91% of outstanding shares, with promoters casting 89.25% of their holdings. Public non-institutional shareholders showed very low engagement at just 0.10% participation, and the cost auditor remuneration resolution saw the highest dissent (14.35% of public votes against).
All resolutions passed cleanly with no governance concerns. The approved alteration of authorised share capital could enable future fundraising, bonus issues, or stock splits. Low public voting turnout and zero institutional participation suggest limited active investor engagement with this small-cap stock.