Disclosure of Voting Results and Scrutinizer''s Report
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Rathi Steel & Power Limited announced the voting results of its postal ballot concluded on June 15, 2025. Five resolutions were passed by shareholders with overwhelming support (~99.95% in favor), with about 30.44% of outstanding shares being polled. The resolutions covered: appointment of Mr. Arpan Kumar Atrey as Independent Director; change of designation of Ms. Surbhi Pareek from Independent Director to Non-Executive Non-Independent Director; change of designation of Mr. Abhishek Verma from Non-Executive Director to Executive Director (Whole Time); appointment of Mr. Rajesh Khurana as Executive Director (Whole Time) - Business Development; and appointment of Mr. Mahesh Pareek as Managing Director. Sameer Kishore Bhatnagar, Practicing Company Secretary, served as the scrutinizer.
Shareholders have approved a major board restructuring, including a new Managing Director and the reclassification of Ms. Surbhi Pareek from Independent to Non-Independent Director, which reduces independent oversight on the board — a governance point worth monitoring. The near-unanimous voting (~99.95% in favor) indicates no significant shareholder pushback against these changes.