Consolidated Scrutinizer''s Report of 54th AGM of the Company
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Remi Edelstahl Tubulars held its 54th Annual General Meeting on August 28, 2025, and all six resolutions tabled at the meeting were passed with overwhelming shareholder support (approximately 99.99% in favour on each). The ordinary resolutions included adoption of the audited financial statements for FY ended March 31, 2025, reappointment of Shri Rajendra C. Saraf as a director retiring by rotation, ratification of the remuneration of cost auditors M/s Kejriwal & Associates for FY 2025-26, and appointment of CS Kamlesh Rajoria as secretarial auditor for a five-year term starting FY 2025-26. Two special resolutions were also approved: issuance of convertible warrants on a preferential basis to non-promoters, and issuance of equity shares on a preferential basis to a member of the promoter group and non-promoters. Voting was conducted via NSDL's remote e-voting platform between August 23 and 27, 2025, followed by e-voting during the AGM.
All routine AGM items were approved smoothly, but the passing of the two preferential allotment resolutions (convertible warrants and equity shares to promoter and non-promoter groups) signals potential equity dilution for existing shareholders. The preferential issues will increase the share capital base, though the near-unanimous approval (99.99%) suggests broad shareholder acceptance of the capital-raising plan.