Rapid Investments Limited has filed its mandatory annual disclosure under SEBI takeover regulations for the financial year ended March 31, 2026. The disclosure was submitted to BSE Limited on April 3, 2026, by Managing Director Nina Ranka, ensuring compliance with regulatory requirements.

Regulatory Compliance Details

The disclosure was made under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011. This regulation requires promoters and promoter groups to provide annual confirmations regarding their shareholding activities and any encumbrances on their holdings.

Promoter Group Declaration

Nina Ranka, representing the promoter and promoter group, confirmed that no encumbrance was made over shares held by the promoters, either directly or indirectly, during the financial year ended March 31, 2026. This declaration ensures transparency in promoter shareholding patterns and compliance with SEBI guidelines.

Company Information

Rapid Investments Limited operates from its registered office at 107, Turf Estate, Off. Dr. Moses Road, Shakti Mill Lane, Mahalaxmi, Mumbai-400011. The company is incorporated under CIN L65990MH1978PLC020387 and maintains its listing on BSE Limited with scrip code 501351.

The disclosure document was duly signed by Nina Ranka in her capacity as Managing Director, bearing DIN 00937698, and was copied to the company's Audit Committee for internal record-keeping purposes.

Rapid Investments Limited , a Mumbai-based company, has successfully appointed new statutory auditors through a postal ballot process. The shareholders overwhelmingly approved the appointment of M/s. NNK Co., Chartered Accountants, to fill the vacancy left by the resignation of the previous auditors, M/s. Valawat Associates.

Voting Process and Results

The company conducted the voting process through remote e-voting, which took place from October 6 to November 4, 2025. The results of the postal ballot were as follows:

The resolution was passed as an ordinary resolution with an overwhelming majority, demonstrating strong shareholder support for the appointment of the new auditors.

Shareholder Participation

The voting process saw participation from both promoter and public shareholders:

Compliance and Transparency

The postal ballot process was conducted in compliance with the Companies Act, 2013, and SEBI regulations. Pankaj S Desai, a practicing Company Secretary, served as the scrutinizer for the postal ballot process, ensuring its fairness and transparency.

Nina Ranka, the Managing Director of Rapid Investments Limited, communicated the results to the Bombay Stock Exchange on November 5, 2025, in accordance with regulatory requirements.

This appointment of new statutory auditors marks an important corporate action for Rapid Investments Limited, ensuring continued financial oversight and compliance with regulatory standards.