Pursuant to Part-A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the minutes of Annual General Meeting of the members ....
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Raunaq International Ltd submitted the minutes of its 60th AGM held on August 27, 2025 via video conferencing. Shareholders approved four resolutions, including adoption of FY25 audited financial statements, re-appointment of Mr. Naresh Kumar Verma as Non-Executive Director, appointment of Mr. Nagar Venkatraman Srinivasan as Non-Executive Independent Director for five years, and appointment of M/s Sanket Jain & Co. as Secretarial Auditor for FY26–FY30. All resolutions passed with overwhelming support (~99.98% in favour). The Chairman highlighted a significant turnaround in FY25, with total revenue jumping from Rs. 465.11 Lakhs to Rs. 2,206.43 Lakhs. The company secured a Rs. 16.80 Crore contract from Adani Power for a 2x800 MW thermal plant in Chhattisgarh and a Rs. 15.40 Crore work order from the Mahan Ultra Supercritical Thermal Power Project in Madhya Pradesh. Trading operations in alloy steel contributed Rs. 899.92 Lakhs to revenue.
The strong revenue growth and new contract wins signal a positive business turnaround, though challenges remain in securing bank guarantees for EPC work. Shareholders have broad confidence in management, and the appointment of an experienced Independent Director should strengthen governance.