Please find enclosed proceedings of the 41st Annual General Meeting of the Company held on Friday, 05th September 2025 at 11.45 a.m.
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Royal India Corporation Ltd held its 41st AGM on 5th September 2025 in Mumbai, chaired by Managing Director Nitin Gujral, with 83 members attending in person. The Chairman reviewed the company's performance for FY 2024-25 and Chief Business Officer Joseph Sam presented a strategic roadmap involving an investment in Suryam India Minecorp Private Limited. Five resolutions were tabled: ordinary resolutions to adopt FY25 audited financials, re-appoint Mr. Ajay Rajawat (retiring by rotation), and appoint M/s Mayank Arora & Co as Secretarial Auditors for five years; and special resolutions to cancel an earlier approved increase in authorized share capital and to appoint Mr. Raja Kantilal Minesh as an Independent Director. The Statutory Auditor's Report carried no qualifications, while the Secretarial Auditor's Report had a few observations already addressed by management in the Annual Report. E-voting results will be announced separately within two working days.
Shareholders should watch for the e-voting results on these five resolutions, especially the capital structure change and new strategic investment in Suryam India Minecorp, both of which could affect future dilution and business direction. A clean statutory audit and new independent director appointment support governance stability.