Notice of 54th Annual General Meeting along with Annual Report for the Financial Year 2024-25.
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Rathi Steel & Power Ltd (BSE: 504903) has filed the notice for its 54th AGM along with the Annual Report for FY 2024-25. The AGM is scheduled for Tuesday, September 30, 2025 at 12:30 PM via Video Conferencing, with e-voting window from September 26-29, 2025 and cut-off date of September 23, 2025. Key business to be transacted includes adoption of audited FY25 financials, reappointment of Mr. Rajesh Khurana (retiring by rotation), appointment of Mr. Sameer Kishore Bhatnagar as Secretarial Auditor for 5 years (FY26-FY30), ratification of Cost Auditor remuneration of INR 50,000 for FY26, 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. The company has also confirmed that no dividend is being declared for FY ending March 31, 2025. Several board changes occurred during the year including appointment of Shri Mahesh Pareek as Managing Director on May 9, 2025.
Routine AGM compliance filing with no major negative implications. The absence of dividend may disappoint income-seeking shareholders, while the authorized capital alteration suggests potential future fundraising or stock-split-like activity. Shareholders should review the resolutions, especially the capital restructuring, before voting.