Ratnaveer Precision Engineering Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2025
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Ratnaveer Precision Engineering Limited filed the voting results of its 23rd Annual General Meeting held on September 25, 2025 via video conferencing. Six resolutions were voted on through e-voting, and all were passed with overwhelming majority. Four ordinary resolutions included approval of the FY25 audited financial statements (99.9998% in favor), reappointment of Ms. Binita Verdia as director (99.9814% in favor), ratification of cost auditor remuneration (99.9998%), and appointment of secretarial auditors (99.9998%). Two special resolutions were also passed: increasing the company's borrowing limit from Rs.500 crores to Rs.900 crores (99.9323% in favor) and authorizing creation of mortgage and charge on company assets to support borrowings (99.9323% in favor). Total votes polled stood at 29.83 million shares, representing 56.23% of the 53.05 million outstanding shares, with promoters voting their full 26.9 million shareholding in favor of every resolution.
The most notable outcome is shareholder approval to raise the borrowing limit from Rs.500 crore to Rs.900 crore — an 80% jump that signals plans for significant debt-funded expansion or capex. While no immediate financial effect, this gives the company more flexibility to take on larger loans, which could mean higher future interest costs and increased pledge of company assets. For retail investors, the resolutions were routine and passed with near-unanimous support, with no governance red flags.