Proceedings of the 35th Annual General Meeting held on 23rd September, 2025
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Shree Rajiv Lochan Oil Extraction Ltd held its 35th AGM on 23rd September 2025 in Raipur, from 11:00 AM to 12:00 Noon, with all items passed by requisite majority. In ordinary business, members adopted the audited standalone financial statements for FY ending 31st March 2025 and approved the re-appointment of Shri Sanjay Raheja (DIN: 00285614) as a director liable to retire by rotation. On the special business side, shareholders cleared four resolutions: permission to create mortgage or charge on company assets for borrowings up to ₹10 Crores (Section 180(1)(a)), authorisation to the board to borrow up to ₹10 Crores beyond paid-up capital and free reserves (Section 180(1)(c)), raising the Section 186 ceiling for loans, investments, guarantees and securities by an additional ₹10 Crores, and adoption of a new set of Articles of Association aligned with the Companies Act 2013. Voting was conducted via e-voting and poll, with M/s Samantrai Prashant & Co. appointed as scrutinizer, and the consolidated voting results are to be filed separately under Regulation 44 of the LODR.
All resolutions were routine governance items cleared by shareholders with requisite majority, so there is no negative signal from the AGM itself. However, the combined approvals raise the company's borrowing and lending/investment envelope by up to ₹10 Crores each, signalling potential capacity-building for future debt or inter-corporate transactions worth monitoring.