Ratnaveer Precision Engineering Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on January 10, 2026
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Ratnaveer Precision Engineering held its 2nd EGM of FY25-26 on January 10, 2026, via video conferencing from 1:00 PM to 1:31 PM. One special resolution was put to vote: approval for issuance of 72,32,704 warrants convertible into equity shares to promoters and the promoter group on a preferential basis. The company has 55,879 shareholders holding a total of 6,78,70,463 shares as of the cut-off date of January 2, 2026. Remote e-voting was open from January 7 to January 9, 2026, with M/s. TNT & Associates acting as scrutinizer. The detailed voting results under Regulation 44(3) will be filed separately within the prescribed timeline. All director queries from members were addressed by the Chairman, Vijay Sanghavi (Managing Director & CFO).
The key resolution involves issuing convertible warrants to promoters, which signals promoter confidence and a potential equity infusion. If approved, this will lead to dilution of non-promoter shareholders but strengthen the promoter's stake. Shareholders should watch for the detailed voting results to be filed shortly for the final outcome.