Ratnaveer Precision Engineering Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2025
RATNAVEER · price
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Ratnaveer Precision Engineering held its 23rd AGM on September 25, 2025, via video conferencing from 3:00 PM to 4:03 PM. As of the September 18, 2025 cut-off date, the company had 55,078 shareholders holding a total of 5.30 crore equity shares. Shareholders approved four ordinary resolutions, including adoption of FY25 audited financials, reappointment of Ms. Binita Verdia (who retires by rotation), ratification of cost auditor remuneration, and appointment of the secretarial auditor. Two special resolutions were also passed: increasing the borrowing limit from Rs. 500 crore to Rs. 900 crore, and approving the creation of mortgage/charge on company assets to secure these borrowings. The Managing Director also briefed shareholders on key strategic initiatives including a CCL import substitution project, brownfield acquisitions, Phase-II capex expansion, and a green power sustainability program. Detailed voting results will be filed separately with the exchanges.
The most material outcome for shareholders is the approval to raise the borrowing limit from Rs. 500 crore to Rs. 900 crore, signaling significant expansion plans and likely higher debt on the balance sheet going forward. The reappointment of directors and approval of financial statements are routine, while the borrowing expansion supports the company's growth and acquisition ambitions highlighted by the MD.