Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; please find enclosed herewith the summary of the proceedings ....
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RIR Power Electronics announced the results of its postal ballot conducted via remote e-voting between 17 December 2025 and 15 January 2026. Three special resolutions were put to shareholders, and all three were approved with the requisite majority. The first resolution approved the company's new 'Employees Stock Ownership Plan – 2025' (ESOP). The second resolution allowed ESOP grants to employees of subsidiary and associate companies under the same plan. The third resolution approved the appointment of Mr. Kush Gupta (DIN: 09077090) as a Non-Executive Independent Director. Results were declared by the Chairman on 16 January 2026 based on the scrutinizer's report.
Shareholders have greenlit a new ESOP scheme, which could lead to some future equity dilution but also helps align employee incentives with company performance. The addition of a new Independent Director strengthens the board's oversight profile. The smooth approval of all resolutions suggests no major shareholder dissent on these governance and incentive matters.