Raghuvir Synthetics Limited has issued an official book closure intimation to BSE regarding its Extraordinary General Meeting scheduled for April 25, 2026, following the board's earlier approval of two independent director appointments on April 3, 2026.

Book Closure Details and Timeline

The company has formally notified BSE Limited under Regulation 42, providing complete details of the book closure period for the upcoming shareholder meeting. The intimation was signed by Chairman & Managing Director Sunil Raghubirprasad Agarwal and filed with the stock exchange on April 4, 2026.

E-Voting Timeline and Facility Details

The company has entered into an agreement with NSDL to provide remote e-voting facilities for shareholders to exercise their voting rights on the proposed resolutions. The e-voting process will be conducted over a three-day period leading up to the EGM.

Independent Director Appointments for Approval

The EGM will seek shareholder approval for the appointment of two independent directors, as approved by the board on April 3, 2026, based on recommendations from the Nomination and Remuneration Committee.

Both directors bring eight years of Company Secretary experience with expertise in corporate laws, security laws, capital markets, corporate governance, FEMA compliances, and listing processes. They hold Bachelor's degrees in Commerce, Company Secretary certifications, and Bachelor of Laws qualifications.

Regulatory Compliance and Support Information

Only shareholders whose names appear in the register of members or beneficial owners maintained by depositories as on the cut-off date of April 17, 2026, will be entitled to use the remote e-voting facility or vote at the General Meeting. The register of members and share transfer books will remain closed during the book closure period.

Shareholders can participate in the meeting even after exercising remote e-voting rights but cannot vote again during the EGM. The company has also sent copies of the intimation to National Securities Depository Limited and Central Depository Services (India) Limited for regulatory compliance.

Raghuvir Synthetics Limited has successfully completed the divestment of its subsidiary company, marking the conclusion of a corporate restructuring decision that was initially approved by the Board of Directors on March 27, 2026. The company announced on March 30, 2026, that the transaction involving the complete sale of its shareholding in Dreamsoft Bedsheets Private Limited has been finalized.

Transaction Completion Details

The divestment transaction was completed on March 30, 2026, resulting in Dreamsoft Bedsheets Private Limited ceasing to be a subsidiary of Raghuvir Synthetics Limited. The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Buyer Information and Related Party Transaction

The buyers of the shareholding are Mr. Yash Sunil Agarwal and Mr. Hardik Sunil Agarwal, who are promoters of Raghuvir Synthetics Limited. The shares were transferred in equal proportion between the two buyers at Re. 1 per share. This transaction qualifies as a related party transaction conducted on an arms-length basis in compliance with regulatory requirements.

Financial Impact of Divested Subsidiary

Dreamsoft Bedsheets Private Limited had minimal financial contribution to the parent company's operations. The subsidiary's financial performance shows negligible impact on the overall business operations.

Note: As per audited financial statements as on March 31, 2025.

The subsidiary's negative net worth of Rs. 17,10,000 and negligible income contribution indicate that this divestment helps streamline the company's operations and allows management to focus resources on core business activities.

Regulatory Compliance and Documentation

The transaction was conducted in full compliance with SEBI regulations. The company provided comprehensive disclosures in accordance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The transaction does not fall under any scheme of arrangement, making Regulation 37A of LODR Regulations inapplicable to this divestment. The completion announcement was digitally signed by Sunil Raghubirprasad Agarwal, Chairman & Managing Director, confirming the successful closure of the transaction.