RLF EGM clears loan pact, new AOA, and promoter preferential share issuance
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RLF Ltd held an EGM on 17 July 2026 where shareholders approved three special resolutions: a loan agreement between the company and its directors Aditya Khanna and Ashish Khanna, adoption of new Articles of Association under the Companies Act 2013, and issuance of equity shares to the promoter group by converting existing unsecured loans on a preferential basis. Voting was done via remote e-voting and ballot paper. Results will be declared within 48 hours.
Unsecured loan conversion to equity reduces company debt but will dilute existing shareholders by issuing new shares to promoters.