Raj Oil Mills shareholders approve name change to Raj Consumer Care
- Shareholders approved changing company name to Raj Consumer Care Limited
- All six AGM resolutions passed with 100% majority among voting members
- Promoters voted 1,11,42,710 shares in favour; public voted 2,507 shares
- Total votes polled represented 74.36% of outstanding shares
*this image is generated using AI for illustrative purposes only.
Raj Oil Mills Limited shareholders approved a special resolution to change the company's name to Raj Consumer Care Limited during its 24th Annual General Meeting held on September 28, 2026. The move marks a strategic shift from oil milling to consumer care, requiring consequential alterations to the Memorandum and Articles of Association.
The meeting was conducted through Video Conferencing and Other Audio Visual Means. Voting was facilitated via remote e-voting from September 25 to September 27, 2026, and e-voting during the meeting itself. The scrutinizer's report confirmed that all proposed resolutions were passed by the requisite majority.
Resolution outcomes
Six resolutions were tabled for approval, covering financial statements, director re-appointments, auditor remuneration, borrowing powers, and the corporate name change. Each resolution received unanimous support from the shareholders who cast votes.
| Resolution | Type | Votes in Favour (%) | Votes Against (%) |
|---|---|---|---|
| Adoption of FY26 financial statements | Ordinary | 100% | 0% |
| Re-appointment of Atikurraheman Daudbhai Mukhi | Ordinary | 100% | 0% |
| Re-appointment of Amir Atikurrehman Mukhi | Ordinary | 100% | 0% |
| Ratification of cost auditor remuneration | Ordinary | 100% | 0% |
| Approval of creation of charges on assets | Special | 100% | 0% |
| Name change to Raj Consumer Care Limited | Special | 100% | 0% |
Voting participation details
A total of 85 members cast their votes through remote e-voting, with 3 additional members voting during the meeting. The total number of shares voted on across all resolutions was 1,11,45,217, representing approximately 74.36% of the outstanding shares on the cut-off date of September 21, 2026.
Promoters and the promoter group held 1,12,41,512 shares and voted 1,11,42,710 shares in favour of all resolutions. Public non-institutional shareholders held 37,46,922 shares but only voted 2,507 shares. Among these public votes, 746 were cast against the resolutions, while 1,761 were in favour.
What the numbers show
The voting data reveals a stark divergence between promoter support and public shareholder engagement. While promoters voted nearly 99% of their holdings in favour, public non-institutional investors participated minimally, casting votes on only 0.07% of their total holdings. The opposition votes (746) originated entirely from this small subset of public shareholders, representing less than 0.01% of the total votes polled. This indicates that while the name change and borrowing powers faced nominal dissent, the overwhelming promoter control ensured smooth passage of all special and ordinary resolutions.
Historical Stock Returns for Raj Oil Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.34% | -5.35% | -2.93% | -2.66% | -24.97% | -42.88% |
What specific consumer care product lines will Raj Consumer Care Limited prioritize to replace its legacy oil milling revenue streams?
How will the company's capital expenditure plans and borrowing capacity, recently approved by shareholders, be allocated to support this strategic pivot?
What regulatory approvals or compliance changes are required for the name change to take effect with SEBI and stock exchanges?
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