Notice of Annual General Meeting
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Awaiting price reaction for this filing.
Ratnabhumi Developers Limited has called its 19th AGM on Saturday, September 27, 2025 at 11:00 AM via video conferencing. Ordinary business includes adopting the audited standalone and consolidated financial statements for FY ending March 31, 2025 (with an unmodified auditor opinion), reappointing Mr. Kaivan Shah (CMD) who retires by rotation, and appointing M/s. M A A K & Associates as statutory auditors for a five-year term (FY 2025-26 to 2029-30). Special business includes appointing M/s. Insiya Nalawala & Associates as secretarial auditor for five years at a proposed fee of Rs. 1 lakh for FY 2026, and seeking shareholder approval for material related party transactions: unsecured loans of up to Rs. 60 crore from CMD Mr. Kaivan Shah and up to Rs. 20 crore from director Mrs. Rinni Shah at up to 9% interest, plus purchase/sale of raw materials worth up to Rs. 50 crore with subsidiary Ratnabhumi Techno Engg Pvt Ltd. Remote e-voting runs from September 24 to September 26, 2025, with the cut-off date set as September 20, 2025.
The related party transactions worth up to Rs. 130 crore in aggregate are the key item to watch, as they involve the promoter CMD, his wife, and a subsidiary, and need shareholder approval. The promoter, Mr. Kaivan Shah, holds about 1 crore shares, and the loan-based funding from promoters suggests the company may be tapping internal sources for working capital. No new equity dilution or major business shift is signalled by this notice.