Raghunath International Limited shareholders approved the adoption of audited financial statements for the fiscal year ended March 31, 2026, during the company's 32nd Annual General Meeting (AGM) held on September 29, 2026.

The meeting, conducted via video conferencing from the registered office in Kanpur, also ratified the appointment of two new directors to the board. The agenda included special resolutions regarding borrowing powers and asset disposal under the Companies Act, 2013.

Board appointments and resolutions

Shareholders approved the appointment of Abhinav Nautiyal as a Non-Executive Director. Additionally, Sunil Singh was appointed as an Independent Director. Both appointments were passed as ordinary and special business items respectively.

The meeting also transacted several special business items required under statutory regulations:

• Approval of powers granted to directors to sell, lease, dispose of, mortgage, or hypothecate assets under Section 180(1)(a) of the Companies Act, 2013.
• Approval of powers conferred on the Board to borrow funds under Section 180(1)(c).
• Approval of powers to provide loans, guarantees, or securities under Section 186 of the Companies Act, 2013.

Meeting proceedings and compliance

G.N. Choudhary, Whole Time Director and Chairman of the Audit Committee, chaired the meeting. All directors were present except Manoj Kumar Pandey, an Independent Director. The Chairman provided an overview of the company's financial performance for FY26 and its future outlook, though specific numerical figures were not disclosed in the filing.

To ensure transparency, Sushil Kumar Gupta of M/s Sushil Gupta & Associates was appointed as the scrutinizer for the e-voting process. The facility for electronic voting was made available both prior to and during the meeting. Voting results will be uploaded on the company website and notified to the Bombay Stock Exchange (BSE) in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Raghunath International has dispatched the notice for its 32nd Annual General Meeting (AGM) along with the Annual Report for FY26 to eligible shareholders on September 2, 2026. The company confirmed that communications were sent via electronic mode to registered email addresses and through physical post or QR code format to others.

The total dispatch included 4,511 printed articles or web link notices sent via Ordinary Post through the Department of Posts in New Delhi. This confirms the company's outreach to its entire shareholder base ahead of the upcoming meeting.

Meeting Schedule and Voting

The 32nd AGM is scheduled to be held on Tuesday, September 29, 2026, at 2:30 pm at the company’s registered office in Kanpur, Uttar Pradesh. Remote e-voting will open on Saturday, September 26, 2026, at 9:00 am and close on Monday, September 28, 2026, at 5:00 pm. The cut-off date for determining voting eligibility is Tuesday, September 22, 2026.

Key Agenda Items

The primary focus of the special business includes board appointments and seeking enhanced financial powers from shareholders.

Director Appointments

Shareholders are asked to approve the appointment of Mr. Sunil Singh as an Independent Director. He was initially appointed as an Additional Director effective September 1, 2026. The Nomination and Remuneration Committee recommended his formal appointment for a fixed term of five years. He is not liable to retire by rotation.

Additionally, members must approve the appointment of Mr. Abhinav Nautiyal as a Non-Executive Director. He joined as an Additional Director on May 4, 2026. His appointment is liable to retire by rotation.

Financial Powers and Limits

The Board seeks shareholder consent under Section 180(1)(a) of the Companies Act, 2013, to sell, lease, or dispose of company assets. This includes creating mortgages, charges, or hypothecations to secure loans from financial institutions. The outstanding aggregate value of such borrowings shall not exceed ₹100 crore.

Under Section 180(1)(c), the Board also seeks approval to borrow sums that may exceed the aggregate of paid-up capital and free reserves. The total outstanding borrowed amount under this provision is capped at ₹100 crore.

Furthermore, pursuant to Section 186 of the Companies Act, 2013, the Board requests permission to provide loans, guarantees, or securities to other bodies corporate. It also seeks approval to acquire securities in other entities. The aggregate limit for these investments and loans is set at ₹100 crore.

What the Numbers Show

The simultaneous request for three distinct financial powers—asset disposal security, general borrowing, and external investments—each capped at exactly ₹100 crore, indicates a standardized approach to capital allocation flexibility. This uniform ceiling suggests the Board is aligning its operational leverage with a specific strategic liquidity threshold rather than addressing disparate funding needs with varying scales.

Meeting Logistics

Members entitled to vote can appoint a proxy, who need not be a member of the company. Proxy forms must be deposited at the registered office no later than 48 hours before the meeting commences.

The Register of Members and Share Transfer Books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026. M/s. Sushil Gupta & Associates, Company Secretaries, has been appointed as the Scrutinizer for the e-voting process.