The 24th AGM of Riddhi Steel and Tube Limited scheduled to be held on 29.09.2025 at 03:00 PM at the registered office of the company. Please find attached notice convening 24th AGM.
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Riddhi Steel and Tube Limited has called its 24th AGM for Monday, September 29, 2025 at 03:00 PM at its registered office in Ahmedabad. Ordinary business includes adoption of audited financial statements for FY ended March 31, 2025 and re-appointment of Mr. Rajeshkumar Ramkumar Mittal (DIN: 00878934), who retires by rotation. Special business includes ratification of Rs. 22,000 (plus taxes) remuneration to Cost Auditor M/s Mayur Chhaganbhai Undhad & Co. for FY 2025-26, regularization of three additional Independent Directors (Ms. Ishmeet Kaur Kheda, Mr. Vikas Vijay Meena, and Mr. Bhavinkumar Rajeshkumar Magnani) for a 5-year term from May 6, 2025 to May 6, 2030, and re-appointment of Mr. Rajeshkumar Mittal as Managing Director for another 3 years from January 8, 2026. Shareholders are also being asked to approve giving the Board authority to make loans, investments, and guarantees up to Rs. 500 crore each, and to approve the sale or disposal of the company's undertaking under Section 180(1)(a) up to Rs. 500 crore. The cut-off date for voting eligibility is September 23, 2025.
Routine annual governance items, but shareholders should note the large Rs. 500 crore limits being sought for loans/investments and asset disposal, which signal significant financial flexibility being requested from the Board. The Managing Director's reappointment for another 3 years and addition of three Independent Directors are standard governance matters.