Clarification on Delayed Submission of Proceedings of the 18th AGM
RTNPOWER · price
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Awaiting price reaction for this filing.
RattanIndia Power has submitted a clarification to BSE and NSE for delaying the filing of its 18th AGM proceedings. The company says the delay was unintentional, caused by a family medical emergency faced by the Scrutinizer which held up the voting results. The 18th AGM was held on Friday, September 26, 2025, via video conferencing from 3:00 PM to 3:35 PM, with 21,02,552 shareholders on the record date (September 19, 2025). The Chairman, four other directors, the CFO, and the Statutory and Secretarial Auditors attended; one Independent Director, Mrs. Pritika Poonia, could not attend due to family reasons. Importantly, the Statutory Auditors (Walker Chandiok & Co LLP) issued a qualified opinion on the FY2024-25 financials, while the Secretarial Auditors' report was clean with no adverse remarks.
This is mainly a procedural compliance matter with no direct effect on operations or stock price, as the company claims the delay fell after market hours on a Friday before a non-trading Saturday. However, the qualified audit opinion on FY2024-25 financials is a point investors should track, as it signals some accounting concerns raised by auditors.