Rolex Rings Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025 .
ROLEXRINGS · price
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Rolex Rings Limited held its 23rd Annual General Meeting on September 29, 2025, at 12:00 PM via video conference, chaired by Chairman & Managing Director Mr. Manesh Dayashankar Madeka. The company had 58,452 shareholders on record as of the cut-off date (September 19, 2025), with quorum present, and the meeting concluded at 12:39 PM. Management acknowledged geopolitical tensions and inflationary pressure in Europe and the US, but said the company managed to maintain operations at FY 2024 levels and is positioned for growth in FY 2026. Twelve resolutions were tabled, including adoption of FY25 audited financials, re-appointment of the CMD, two whole-time directors, and three independent directors, appointment of MJP Associates as secretarial auditors, ratification of cost auditors' remuneration for FY25 and FY26, and a proposal to alter share capital via a stock split/sub-division of equity shares. Voting results and the scrutinizer's report will be announced separately and shared with the stock exchanges.
The stock split/sub-division proposal, if passed, could improve share liquidity and make the stock more accessible to retail investors. Stable operations despite macro headwinds and a positive growth outlook for FY 2026 are mildly reassuring, while the voting results on all 12 resolutions — especially the stock split and key director re-appointments — will be the next catalyst to watch.