Notice of 41st AGM on Thursday 25th September,2025 at 03:30 P.M IST through video Conferencing/other Audio Visual Means
RHETAN · price
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Rhetan TMT has called its 41st AGM for Thursday, 25th September 2025 at 3:30 PM via video conferencing. The ordinary business includes adoption of FY25 audited financial statements and the re-appointment of Managing Director Mr. Shalin A. Shah, who retires by rotation. Under special business, shareholders will vote on appointing Mr. Chintan K. Patel as Secretarial Auditor for a 5-year term (FY 2025-26 to 2029-30) with first-year fees of Rs. 40,000 plus taxes. The company is also seeking omnibus approval for material related party transactions of up to Rs. 200 crore each for FY 2026-27 with five related parties — Ashoka Metcast Ltd, Ashnisha Industries Ltd, Lesha Industries Ltd, Gujarat Natural Resources Ltd, and Lesha Ventures Pvt Ltd — which together could total around Rs. 1,000 crore, roughly 538% of the company's annual consolidated turnover.
The Rs. 200 crore-per-party RPT limit is very large relative to the company's size and may draw shareholder scrutiny over governance and related-party dealings. The MD re-appointment and Secretarial Auditor appointment are routine, while the RPT approvals are the key item to watch for minority shareholders.