Rajoo Engineers Limited has announced a postal ballot process for seeking shareholder approval on the re-appointment of three key directors, with the electronic voting scheduled from April 30 to May 29, 2026. The company issued the postal ballot notice dated April 28, 2026, in compliance with regulatory requirements under the Companies Act, 2013 and SEBI Listing Regulations.

Directors Proposed for Re-appointment

The postal ballot seeks approval for three special resolutions concerning the re-appointment of directors belonging to the promoter category:

All three directors will serve for a period of five years from June 01, 2026 to May 31, 2031, subject to shareholder approval through the postal ballot process.

Voting Timeline and Process

The remote e-voting will commence on Thursday, April 30, 2026, at 09:00 a.m. (IST) and conclude on Friday, May 29, 2026, at 05:00 p.m. (IST). The company has engaged NSDL for facilitating the electronic voting process, with the cut-off date set as Friday, April 24, 2026.

Director Profiles and Remuneration Details

Mr. Rajesh N. Doshi serves as Chairman & Executive Director and holds a Bachelor's degree in Science from Saurashtra University. As co-founder of the Rajoo Group, he brings over three decades of experience in plastic processing, machinery manufacturing, and product development. His previous remuneration for FY 2025-26 was Rs. 1.68 crore.

Ms. Khushboo C. Doshi is the Managing Director with qualifications including a Bachelor's degree in Architecture and Master's degree in Industrial Product Design from the United Kingdom. She also holds a Master's in Management for Entrepreneurs from IIM Ahmedabad. Her previous remuneration for FY 2025-26 was Rs. 88.33 lakh.

Mr. Utsav K. Doshi serves as Joint Managing Director and holds a Bachelor's degree in Mechanical Engineering with a Master's in Polymer technology from HTW Aalen University, Germany. He has over 14 years of experience in designing and operations at Rajoo Engineers. His previous remuneration for FY 2025-26 was Rs. 68.83 lakh.

Regulatory Compliance and Shareholding

The proposed remuneration packages remain within the overall limit of 21% of net profits approved by members at the Thirty-Eighth Annual General Meeting held on September 27, 2025. The directors hold significant shareholdings in the company:

The postal ballot notice and voting instructions are being sent electronically to shareholders whose email addresses are registered with the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, or depositories. The results will be announced within 48 hours of voting conclusion and will be available on the company website and stock exchange platforms.

Rajoo engineers Limited has issued a clarification to stock exchanges regarding recent significant movements in its share price, stating that the fluctuations are purely market driven and not due to any undisclosed material information.

Exchange Communication and Response

The company responded to communications from both BSE and NSE dated April 09, 2026, which sought clarification on the significant movement in the price of equity shares across exchanges. The BSE communication was referenced as e-mail No. L/SURV/ONL/PV/APJ/ 2026-2027 / 3661, while the NSE letter was numbered NSE/CM/Surveillance/16745.

Regulatory Compliance Statement

Rajoo Engineers Limited emphasized its commitment to regulatory compliance, stating that the company has made all necessary disclosures in a timely and accurate manner. The disclosures conform to the principles governing disclosure obligations in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company specifically clarified that it has not withheld any material information or announcements, including impending announcements, that could have a bearing on the price or volume behavior of its shares. This statement addresses concerns about potential insider information or undisclosed developments that might explain the recent price movements.

Market-Driven Movement Explanation

In its official response, the company attributed the significant price movements observed across exchanges to market forces rather than any specific corporate developments or undisclosed information. The management confirmed that the company will continue to inform stock exchanges about any price-sensitive information as required under SEBI regulations.

Company Leadership and Documentation

The clarification was signed by Nikhil Gajjar, Company Secretary and Compliance Officer, who digitally signed the document on April 10, 2026. The company maintains its registered office at Rajoo Avenue Survey No. 210, Plot No.1, Industrial Area, Veraval (Shapar) Dist-Rajkot - 360 024, Gujarat, India, and operates under CIN L27100GJ1986PLC009212.

This clarification demonstrates the company's proactive approach to addressing exchange queries and maintaining transparency with stakeholders regarding stock price movements and regulatory compliance.