Rap Corp Ltd shareholders approved the appointment of M/s. Dharmendra Sharma & Associates as the company's new Secretarial Auditor for a five-year term commencing FY27. This decision was ratified during the 32nd Annual General Meeting held on September 30, 2026.

The appointment was one of seven resolutions passed at the meeting, which was conducted via Video Conferencing. Remote e-voting results were submitted to BSE Limited on October 2, 2026. The scrutinizer's report confirmed that members holding 3,672,357 shares, representing 62.44% of the total paid-up share capital, cast their votes across all agenda items.

Secretarial Auditor Appointment Details

M/s. Dharmendra Sharma & Associates, Practising Company Secretaries (COP No. 12973, Peer Review No. 4499/2023), has been appointed for a term of five consecutive years from FY27 to FY31. The proposed fees for the secretarial audit will be determined by the Board of Directors in consultation with the auditor. The firm was established in 2013 by CS Dharmendra Sharma and provides comprehensive company secretarial and regulatory advisory services.

The disclosure confirms there are no relationships between the directors of Rap Corp and the appointed auditors. The appointment falls under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

AGM Resolutions Overview

The remaining six resolutions covered ordinary business, special business, and related party approvals. Shareholders voted in favor of adopting the audited standalone and consolidated financial statements for FY26, along with the reports of the Board and Auditors. Ms. Ritika Arora (DIN: 00102510) was re-appointed as a Director upon retirement by rotation.

Special resolutions included approvals for advancing loans or providing security under Section 185 of the Companies Act, 2013; selling property in Meerut, Uttar Pradesh under Section 180(1)(a); re-appointing Rupinder Singh Arora (DIN: 00043968) as Managing Director; and approving material related party transactions with associate entities.

What the Numbers Show

A distinct pattern emerges when comparing voting outcomes across different resolution types. While routine administrative items like financial statement adoption and the appointment of the Secretarial Auditor attracted near-unanimous support with only 4.91% opposition, special business items faced significantly higher dissent, ranging from 13.31% to 13.46%.

Furthermore, a substantial volume of votes (2,332,190 shares) were declared invalid for special resolutions involving loans, property sales, and related party transactions. The report notes these invalid votes were cast by parties considered ineligible to vote on those specific resolutions, likely due to conflict of interest provisions under the Companies Act. This suggests that while the promoter group or associated entities may hold a significant stake, their voting power was restricted on matters where they had a direct interest, leaving the outcome dependent on the remaining eligible shareholder base.

Rap Corp Limited has reappointed Rupinder Singh Arora as its Managing Director for a five-year term effective August 1, 2026. The decision was ratified during the company's 32nd Annual General Meeting held on September 30, 2026.

The appointment, disclosed to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, extends Arora's leadership role until July 31, 2031. This move ensures continuity in the company's executive management structure.

Terms of Appointment

The board outlined specific conditions governing the reappointment, notably regarding compensation. Mr. Arora will not receive any remuneration for his services as Managing Director unless separately approved by shareholders during his tenure. However, he remains entitled to reimbursement for travelling and entertainment expenses incurred in connection with the company's business operations.

Additionally, the Managing Director is subject to existing service rules applicable to Senior Management Personnel, as may be amended from time to time. These terms reflect a governance framework where direct salary payouts are contingent on future shareholder approval.

Professional Background and Relationships

Rupinder Singh Arora has been associated with the company since its incorporation. He brings over 50 years of experience across real estate, media, and allied businesses. His long-standing involvement suggests deep institutional knowledge within the organization.

The disclosure also noted familial relationships among directors. Ms. Ritika Arora, who serves as a Non-Executive Director, is related to Mr. Rupinder Singh Arora. This relationship is disclosed in compliance with regulatory requirements regarding director independence and related-party transactions.

Key Appointment Details

The company, formerly known as Rap Media Limited, operates from its registered office in Mumbai. The reappointment underscores the board's confidence in Arora's continued leadership amidst the company's ongoing operational focus.