RCC Cements EGM clears directors, pivots to electronics and mobiles

Shareholders at the July 17 EGM approved 9 resolutions. Two directors were regularized: Faizal Bavaraparambil Abdul Khader as Non-Executive Non-Independent Director, and Shatrughan Sahu as Non-Executive Independent Director for 5 years. The company altered its objects clause to enter consumer electronics, mobile phones, accessories and computer hardware, signaling a major pivot away from cement. Borrowing cap raised to Rs 200 crore, investments and loans cap to Rs 50 crore, loans under Section 185 to Rs 25 crore. Material related party deals of Rs 25.60 crore cleared for FY27. New MoA and AoA adopted under Companies Act 2013.