EGM approves shift to electronics, new directors, Rs 200 crore borrowing cap
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RCC Cements shareholders approved all 9 resolutions at the 17 July 2026 EGM. The company's main business objective is being shifted from cement to consumer electronics, mobile phones, accessories and computer hardware. New Memorandum and Articles adopted. Faizal Bavaraparambil Abdul Khader and Shatrughan Sahu appointed as directors. Borrowing cap raised to Rs 200 crore; investment authority up to Rs 50 crore; related party transactions up to Rs 25.6 crore cleared for FY 2026-27.
Major pivot from cement to electronics. Rs 200 crore borrowing cap and new directors signal expansion. Diversification risks remain.