RLF Ltd EGM: 3 special resolutions passed including promoter preferential allotment
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
RLF Ltd held an EGM on 17 July 2026 where all 3 special resolutions passed unanimously with 100% votes in favour. These cover: (1) MOU/Loan agreement with MD Aditya Khanna and Director Ashish Khanna (related party transaction - promoter votes invalid here), (2) adoption of new Articles of Association, and (3) preferential issue of equity shares to promoters by converting their existing unsecured loan. Voting turnout was low at around 49.5% of outstanding shares, with no votes against any resolution.
Converting promoter loan into equity will increase promoter stake and dilute minority shareholders. Watch for allotment price and final dilution percentage.