Rama Petrochemicals Limited informed the Bombay Stock Exchange on August 17, 2026, regarding the demise of Mr. Ashok Patel, who served as the company’s Secretarial Auditor. The Managing Director, Hareesh D. Ramsinghani, confirmed that the company received intimation of the event on the date of disclosure.

Mr. Patel, a Practicing Company Secretary holding Certificate of Practice No. 15326, passed away on Sunday, August 16, 2026. He was associated with Rama Petrochemicals through his firm, M/s. Ashok Patel & Associates, for the past one year. The company noted that he played a key role in all Board deliberations during his tenure.

The Board of Directors expressed deep sympathy and condolences to Mr. Patel’s family, describing his unexpected demise as an irreparable loss to the organization.

Regulatory Disclosure

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The filing also referenced SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.

Rama Petrochemicals Limited shareholders overwhelmingly approved a special resolution empowering the Board to extend loans, provide guarantees, or make investments up to ₹300 crore, signaling strong backing for the company’s capital allocation strategy. The resolution passed with 99.9978% of votes in favor during the company’s 40th Annual General Meeting (AGM) held on August 6, 2026. This decisive mandate provides management with significant flexibility to pursue strategic opportunities and optimize financial resources in the coming fiscal year.

The virtual meeting, conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM), saw participation from 35 members, representing 10,249,847 votes polled out of 15,420,350 shares on the record date of July 30, 2026. This translates to a voter turnout of approximately 66.47% of outstanding shares, with promoter and promoter group entities casting the vast majority of votes. Haresh D. Ramsinghani, Managing Director and Chairman, presided over the proceedings, which commenced after the quorum was declared present at 3:00 p.m.

Voting Results by Resolution

In addition to the loan authorization, shareholders approved three other key resolutions. The adoption of audited standalone and consolidated financial statements for FY26 received nearly unanimous support, with 99.9998% of votes in favor. Nilanjana H. Ramsinghani’s re-appointment as a Director, retiring by rotation, also passed with 99.9978% approval. Notably, the approval for Material Related Party Transactions (MRPT) for Financial Year 2026-2027 saw slightly lower but still robust support, with 98.9326% of votes in favor, while promoters abstained from voting on this item due to conflict of interest regulations.

Governance and Compliance Details

The e-voting process was managed by Central Depository Services (India) Limited (CDSL), with remote voting open from August 3 to August 5, 2026. Kavita Raju Joshi, a Practicing Company Secretary, served as the independent Scrutinizer and submitted her report confirming compliance with Section 108 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory Auditors M/s Khandelwal and Mehta were present during the meeting to address queries regarding the audited accounts. The final results have been filed with the Bombay Stock Exchange Limited, concluding the governance cycle for the fiscal year ended March 31, 2026.