Ratnaveer Precision Engineering Limited has informed the Exchange regarding voting results of Extraordinary General Meeting held on January 10, 2026
RATNAVEER · price
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Ratnaveer Precision Engineering Limited held an Extraordinary General Meeting on January 10, 2026, where shareholders approved a special resolution to issue 72,32,704 warrants to promoters and the promoter group on a preferential basis. The resolution was passed with overwhelming support, with 3,20,68,334 votes (99.9998%) in favour and just 68 votes (0.0002%) against. Total voting participation was 47.25% of outstanding shares. TNT & Associates served as scrutinizer for the e-voting process conducted by MUFG Intime India. The Managing Director, Vijay Sanghavi, countersigned the results on January 12, 2026.
Shareholders have approved the preferential warrant issuance to promoters, which could lead to equity dilution for existing public shareholders upon conversion of these warrants. The near-unanimous approval suggests broad institutional and shareholder confidence in the company's capital-raising direction.