Ratnaveer Precision Engineering Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on July 04, 2025. Further, the company has informed the Exchange regarding voting results.
RATNAVEER · price
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Ratnaveer Precision Engineering Limited held its Extraordinary General Meeting on July 4, 2025 via video conferencing, where shareholders approved all three resolutions with overwhelming majority (99.97% in favor, 0.03% against). The resolutions included: (1) an Ordinary Resolution to increase the authorised share capital and amend Clause V of the Memorandum of Association, (2) a Special Resolution to amend Clause 3(B) of the Memorandum of Association, and (3) a Special Resolution to raise funds in one or more tranches through issuance of equity shares and/or other securities to eligible investors. Out of 5.30 crore total shares, about 2.98 crore (56.27%) were voted, with promoters contributing 2.69 crore shares. The e-voting was conducted by MUFG Intime India, and TNT & Associates served as the scrutinizer.
The most significant outcome is shareholder approval for the company to raise fresh capital by issuing equity shares or other securities, which could lead to equity dilution in the future. The authorised capital increase suggests the company is preparing for a potential fundraising round, though the actual size, timing, and price are not yet decided. The near-unanimous approval signals strong shareholder confidence in the company's direction.