Raj Rayon Industries Limited concluded its 33rd Annual General Meeting on September 30, 2026, with shareholders approving all proposed resolutions. The meeting, held virtually, ratified the annual accounts for the financial year ended March 31, 2026, and authorized related party transactions.

The company facilitated remote e-voting from September 27 to September 29, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mrs. Riddhi Shah, Practising Company Secretary, served as the scrutinizer for the voting process. The meeting commenced at 12:00 pm and concluded at 12:07 pm.

Resolutions Passed

All resolutions were passed with the requisite majority through a combination of remote e-voting and venue voting. The key items transacted during the meeting are detailed below:

Ms. Sapna Rajkumar Agarwal, who retired by rotation, was offered for reappointment pursuant to Section 152 of the Companies Act, 2013. The special resolution regarding related party transactions received shareholder approval, a critical governance step for companies with significant inter-corporate dealings.

The Managing Director, Rajkumar Satyanarayan Agarwal, chaired the meeting and ordered venue voting for the resolutions. The combined result of the remote and venue voting was scrutinized and confirmed by the appointed company secretary.

Voting Results and Attendance

The outcome of the voting reveals distinct patterns in shareholder participation across the four resolutions. For the first three ordinary resolutions, promoters and promoter group members cast votes in favor, while public shareholders largely supported the measures with minimal dissent.

However, for Resolution No. 4 (Approval of Related Party Transaction), the promoter group abstained from voting entirely, as required by Regulation 23(4) of SEBI LODR Regulations, 2015, due to their interest in the transaction. Consequently, the passage of this special resolution relied solely on the votes of public shareholders.

Attendance Details

A total of 37 shareholders attended the meeting via Video Conferencing/Other Audio Visual Means (VC/OAVM), representing 97.84% of the total paid-up capital.

Voting Breakdown by Resolution

The following table summarizes the voting results for each resolution, highlighting the shift in voting dynamics for the related party transaction.

What the Numbers Show

The voting data highlights a significant concentration of power in the hands of the promoter group, who hold 94.13% of the capital but abstained from voting on the related party transaction. This left the approval of the RPT dependent entirely on the 3.71% stake held by public shareholders who voted. Despite this small base, the resolution passed with 100.00% support from those who voted, indicating strong alignment between management's proposed transactions and the minority shareholders' interests, or alternatively, a lack of organized opposition among the dispersed public holding.

Raj Rayon Industries officials will participate in a virtual investor conference organised by Arihant Capital Markets Limited. The group meeting is scheduled for September 28, 2026, starting at 5:00 pm.

The company filed an intimation with the BSE and National Stock Exchange of India regarding the schedule of institutional investors and analyst meetings. This disclosure is made pursuant to Regulation 30(6) read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

The interaction is structured as a group meeting conducted virtually. Raj Rayon stated that no unpublished price-sensitive information (UPSI) is intended to be discussed during the interactions. All discussions will be based strictly on publicly available information.

The filing noted that changes to the schedule may occur due to exigencies on the part of the participants, host, or the company. The intimation was signed by Rajkumar Satyanarayan Agarwal, Managing Director.