The 43rd Annual General Meeting of Raasi Refractories Limited is scheduled to be held on Tuesday, i.e 30th September, 2025 at 10:30 am (IST) through Video Conferencing(VC)/ Other Audio ....
Awaiting price reaction for this filing.
Raasi Refractories Limited has sent out the notice for its 43rd AGM to be held on Tuesday, September 30, 2025 at 10:30 AM through video conferencing (VC/OAVM). Remote e-voting will be available from September 27 to September 29, 2025, with September 23, 2025 as the cut-off date. The AGM will consider (1) adopting audited financial statements for FY ended March 31, 2025, (2) approving the appointment of Mr. Venkanna Konda as Managing Director for 5 years with an annual remuneration of Rs. 1 crore (which exceeds Schedule V limits and is being put as a Special Resolution), and (3) appointing M/s BPK Associates, Company Secretaries (represented by Mr. Pavan Kumar Bhattiprolu) as Secretarial Auditor for 5 years (till the 48th AGM) at a remuneration of Rs. 40,000. The Board approved these appointments at meetings held on July 28 and September 4, 2025.
For shareholders, the key items to watch are the MD reappointment with Rs. 1 crore annual remuneration (notable since the company has no/inadequate profits, triggering Schedule V limits) and the long 5-year term given to the incumbent Managing Director. The Secretarial Auditor appointment is a routine governance matter. No material financial or strategic change is being proposed; this is largely procedural ahead of FY25 results adoption.