Scrutinizer''s Report along with the Voting Results of the 31st AGM held on 26th September, 2025
RMC · price
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RMC Switchgears Limited held its 31st AGM on September 26, 2025 via video conferencing. Out of 1.05 crore total shares, 52.51% (55.41 lakh shares) were voted and all 6 resolutions that went to a vote were passed with 100% in favour and 0% against. Resolutions approved include adoption of FY25 audited financial statements, re-appointment of retiring director Mr. Akhilesh Kumar Jain, re-appointment of two independent directors (Mr. Kuldeep Kumar Gupta and Mrs. Krati Agarwal), ratification of cost auditor remuneration for FY26, and appointment of M/s V.M & Associates as secretarial auditor. The resolution to appoint Mr. Anil Jain as Independent Director was withdrawn during the AGM after he resigned on September 24, 2025, just two days before the meeting. Voting participation was very low — only 14 shareholders (folios) cast votes out of 3,834 total shareholders, promoter group voted 99.05% of their holding in favour, while public institutional holders did not vote at all.
All voted resolutions passed unanimously, signalling smooth governance with no shareholder dissent; the only minor item is the last-minute resignation of one independent director nominee, which the company will need to fill through a separate board process. This is a routine procedural filing with little expected impact on the stock price.