Pursuant to Regulation 30 and 44 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to Inform you that above resolutions has been duly passed by the members ....
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Real Touch Finance Limited announced the results of its postal ballot conducted via remote e-voting from March 2 to March 31, 2025. All four resolutions were passed with overwhelming majority. The special resolution to re-appoint Mr. Gopal Sridharan as Whole Time Director for five years got 99.999% approval (7,414,857 votes in favor). Three ordinary resolutions approving material related party transactions with Khivraj Automobiles & Infrastructure Pvt Ltd, Khivrajkamal Motors Pvt Ltd, and Khivraj Motors Pvt Ltd each got 99.992% approval (545,236 votes in favor). Promoters holding 6,869,620 shares (~54% of total) voted 100% in favor of all resolutions. Only 40 members participated in the e-voting, with public non-institutional participation at just 9.36% of their holdings.
Shareholders have approved the re-appointment of the Whole Time Director and cleared three related party transactions with promoter-group entities (Khivraj group companies). Promoter votes on the RPT resolutions were treated as invalid under SEBI rules, meaning the approvals effectively came from public shareholders alone, though with near-unanimous support. Low public voting turnout (only ~9.4% of public shares polled) is worth noting for governance scrutiny.