Ratnaveer Precision Engineering Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on July 04, 2025
RATNAVEER · price
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Ratnaveer Precision Engineering Limited held its 1st Extraordinary General Meeting (EGM) for FY2025-26 on July 4, 2025 via video conferencing, from 12:30 p.m. to 1:11 p.m. IST. Three resolutions were put to electronic vote: an ordinary resolution to increase the company's Authorized Share Capital and amend Clause V of the Memorandum of Association, and two special resolutions — one to amend Clause 3(B) of the MoA and another to approve raising of funds in one or more tranches through issuance of equity shares and/or other securities to eligible investors. The company has 54,963 shareholders holding 5.30 crore shares as on the cut-off date of June 27, 2025, and 40 members participated in the meeting. The detailed voting results will be filed separately with the exchanges as required by SEBI regulations.
The special resolution to raise funds through equity shares or other securities signals a potential capital raise ahead, which could dilute existing shareholders but may fund growth initiatives. Investors should track the voting outcome and watch for follow-up announcements detailing the size, pricing, and timing of any fund raise. The increase in authorized capital is a preparatory step for such an issuance.