Revised Outcome of AGM
Awaiting price reaction for this filing.
Ratnakar Securities Limited held its 33rd AGM on December 15, 2025, physically at its Ahmedabad office from 4:30 PM to 5:00 PM. A key highlight was the update from Whole Time Director Kushal Shah, who noted that the company's Resolution Plan was approved by the NCLT Ahmedabad bench on June 26, 2025, marking the company's emergence from the insolvency resolution process. Members adopted the audited standalone and consolidated financial statements for FY ended March 31, 2025, and approved the reappointment of Mr. Ajay Jayantilal Shah as Director, who retires by rotation. Special business items included approving borrowing limits under Section 180(1)(c), enabling charges on company assets, authorising inter-corporate loans and guarantees, and appointing a Secretarial Auditor. E-voting ran from December 12-14, 2025, and the final voting results along with the Scrutinizer's Report will be filed separately with the stock exchanges.
The AGM primarily covered routine corporate approvals, but the mention of the NCLT-approved Resolution Plan signals that the company has successfully completed its corporate insolvency resolution process, which is a material positive development for shareholders. Approval of higher borrowing limits and inter-corporate lending powers suggests the company is positioning for fresh growth post-resolution, though the actual financial impact depends on the results yet to be announced.