Outcome of AGM and Disclosure of Voting Results of 56th AGM with Scrutinizers Report
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RIR Power Electronics Ltd held its 56th Annual General Meeting on 26th September 2025 via video conferencing, where all six resolutions were approved by shareholders. Key items approved include adoption of audited financial statements for FY ending March 2025 (99.53% in favor), declaration of a dividend of Rs. 0.20 per equity share on a Rs. 2 face value (100% in favor), re-appointment of Mrs. Bhavna H. Mehta as director (94.62%), and appointment of Mr. Rajiv Kisan Choksey and Dr. Harshad Mehta as new directors. M/s. Neetu Agrawal & Co. was also appointed as Secretarial Auditor for a five-year term. The company has 76,737,250 outstanding shares with promoters holding about 61.5% (47,179,190 shares), and voting turnout was 66.49% on key resolutions.
Routine AGM outcome with no surprises—all resolutions passed with overwhelming majority. The Rs. 0.20 per share dividend (10% on face value) is confirmed for eligible shareholders. New board additions and auditor appointment are standard governance matters with no negative implications for shareholders.