Raasi Refractories Limited appointed Voruganti Eswaraiah as an Independent Director for a five-year term effective September 30, 2026. The appointment received shareholder approval during the Annual General Meeting held on the same date.

The decision follows recommendations from the company's Nomination and Remuneration Committee and the Board of Directors. This action complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director profile and expertise

Eswaraiah brings experience in finance and business management to the board. He operates a sole proprietorship in the fertilizers sector. His name is included in the Databank of Independent Directors maintained by the Indian Institute of Corporate Affairs (IICA).

Regulatory compliance details

The company disclosed this change in Key Managerial Personnel pursuant to SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The filing confirms no relationships exist between the new director and other directors or key managerial personnel of Raasi Refractories.

Raasi Refractories Limited appointed Kavitha Doddi as a Non-Executive Director effective September 30, 2026. The appointment was ratified by shareholders at the company's 44th Annual General Meeting, where all agenda items passed with 99.97% votes in favour.

Doddi, who holds a Post-Graduate Degree in Fashion Designing, was recommended by the Nomination & Remuneration Committee. She is related to Managing Director Venkanna Konda, being his spouse. Her appointment aims to strengthen board diversity and governance frameworks.

Voting participation and quorum

The AGM was conducted via Video Conferencing and Other Audio Visual Means. A total of 5,823 shareholders were on the record date, with 46 public shareholders participating through video conferencing. Promoter and Promoter Group members did not participate in person or through proxy but cast votes via e-voting.

The scrutiny report was submitted by Pavan Kumar Bhattiprolu, Practicing Company Secretary, pursuant to Section 108 of the Companies Act, 2013. Out of 12,01,982 valid votes polled across all six resolutions, only 319 votes were cast against.

Board composition updates

Members considered and approved the reappointment of Venkanna Konda as a director retiring by rotation. The meeting also addressed the appointment of new directors to strengthen the board's composition.

• Reappointment: Venkanna Konda (DIN: 05119181) was reappointed as a director.
• New Appointments: Kavitha Doddi (DIN: 11658529) was appointed as Women Director and Non-Executive Director.
• Independent Director: Voruganti Eswaraiah (DIN: 11904728) was appointed as an Independent Director.
• Additional Director: Lakshmamma Gattu (DIN: 11904860) was appointed as a Director.

During the discussion on items related to his own reappointment, Venkanna Konda vacated the chair. Suresh Silumula, a non-interested director, chaired those specific agenda items before handing control back to Konda.

Statutory appointments

The shareholders ratified the appointment of statutory professionals for the upcoming period. Sundeep Moganti was appointed as the Secretarial Auditor of the company.

The company confirmed that the notice convening the meeting and the annual report for FY26 were previously sent to registered members. Electronic voting facilities were provided by CDSL, allowing members who had not voted remotely to cast their votes during the live session.

What the numbers show

The voting data reveals a highly concentrated shareholder base with low public participation. Promoters held 23,91,570 shares but voted only 10,98,320, representing 45.92% of their holding. In contrast, public non-institutional shareholders held 23,18,616 shares but voted only 1,03,981, or 4.48% of their holding. Despite the low turnout from the public minority, the overwhelming promoter support ensured near-unanimous approval for all board changes.