Ratnaveer Precision Engineering Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on May 30, 2026
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Ratnaveer Precision Engineering Limited has called its 1st EGM for FY 2026-27 on May 30, 2026 at 12:00 PM via video conferencing. Two key items are on the agenda: (1) Increase in authorised share capital from Rs. 85 Crores to Rs. 113 Crores by creating 2.80 crore additional equity shares of Rs. 10 each. The company states this is to expand operations and diversify offerings requiring additional capital. (2) Appointment of Mrs. Seema Vijay Sanghavi (DIN: 11046663), wife of Managing Director Vijay Ramanlal Sanghavi, as Executive Director for 5 years at a remuneration of Rs. 15 lakhs per annum. She currently serves as Chief Sales Co-coordinator and holds 9,37,560 shares in the company. The cut-off date for e-voting is May 23, 2026, with remote voting from May 27-29, 2026.
The share capital increase provides flexibility for future fundraising or expansion plans. The appointment of a related party as executive director may require careful evaluation by independent shareholders regarding governance implications.