Rashi Peripherals Limited has announced the successful conclusion of its postal ballot process conducted from March 26, 2026, to April 24, 2026, with shareholders approving the appointment of two key directors through remote e-voting. The company submitted the voting results to both BSE Limited and the National Stock Exchange of India Limited on April 25, 2026, confirming that both special resolutions were passed with the requisite majority.

The postal ballot sought shareholder approval for two critical appointments: Mr. Rajesh Goenka (DIN: 10985108) as Whole-Time Director and Chief Executive Officer of the company, along with payment of remuneration, and Dr. Indumati Gopinathan (DIN: 06779331) as an Independent Director. The voting process was conducted in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 110 of the Companies Act, 2013.

The remote e-voting facility was provided by MUFG Intime India Private Limited, with the record date fixed as March 20, 2026. A total of 44,627 shareholders were on record as of the cut-off date. The scrutinizer, Ragini Chokshi of Ragini Chokshi & Co., Practicing Company Secretaries, was appointed by the board on February 3, 2026, to oversee the postal ballot process in a fair and transparent manner.

Voting Results Summary

The detailed voting results revealed significant participation across different shareholder categories. For the resolution appointing Mr. Rajesh Goenka as Whole-Time Director and CEO, the total votes polled stood at 45,705,121 shares, representing 69.3556% of outstanding shares. The resolution received 86.9930% votes in favor, with 39,760,266 shares supporting the appointment and 5,944,855 shares voting against it.

Category-wise Voting Breakdown

The voting pattern across different shareholder categories showed distinct preferences. Promoters and promoter group, holding 42,177,593 shares, voted unanimously in favor of both resolutions, with all 39,640,697 votes cast supporting the appointments. Public institutions, holding 12,859,681 shares, displayed contrasting voting patterns—while they overwhelmingly supported the Independent Director appointment with 100% of votes in favor, only 0.0150% of their votes supported the Whole-Time Director and CEO appointment.

Public non-institutional shareholders, holding 10,862,391 shares, showed strong support for both resolutions, with 99.6214% voting in favor of the CEO appointment and 99.6382% supporting the Independent Director appointment. The overall participation across all categories resulted in 84 members casting their votes through the electronic voting system.

The scrutinizer's report, dated April 25, 2026, confirmed that both resolutions have been duly passed by the members of the company as per the provisions of the Companies Act, 2013. The voting results and scrutinizer's report will be made available on the company's website at https://rptechindia.com/investor for shareholder reference. The appointments are now effective following the successful completion of the postal ballot process.

Rashi Peripherals has announced comprehensive expansion plans following its board meeting held on April 16, 2026. The company's Board of Directors approved a strategic investment totaling ₹90.00 crores across multiple initiatives, including subsidiary incorporations and acquisitions, demonstrating significant commitment to business growth and diversification.

Board Meeting Outcomes

The Board Meeting No. 01/2026-27 commenced at 11:40 AM and concluded at 01:15 PM, addressing three major strategic initiatives. The decisions were made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the company promptly notifying stock exchanges BSE and NSE within the required 30-minute timeframe.

Strategic Subsidiary Development

The primary component involves establishing Rashi Semiconductor Solutions Pvt. Limited as a wholly owned subsidiary within India, with approved investment up to ₹80.00 crores through equity and loan arrangements. This substantial investment reflects the company's strategic focus on semiconductor solutions and represents the largest portion of the approved investment plan.

Additionally, the board approved incorporation of a step-down subsidiary in Singapore, Rashi Semiconductor Solutions Pte. Ltd., which will operate as a subsidiary of the Indian wholly owned subsidiary. This international expansion demonstrates the company's global business alignment strategy.

Acquisition and Regulatory Compliance

The board approved acquiring 100% shareholding of RP Tech Electronics Limited from promoters at ₹10.00 per share, with total consideration of ₹1.00 lakh and investment approval up to ₹10.00 crores. This related party transaction received Audit Committee approval as required under regulatory guidelines.

Corporate Governance and Implementation

The company maintained strict compliance with SEBI regulations, submitting the intimation within 30 minutes of board meeting conclusion as mandated under Regulation 30(6). The implementation schedule spans one year, with all incorporations and acquisitions subject to regulatory approvals. These strategic moves position Rashi Peripherals for enhanced market presence across semiconductor solutions and electronics sectors through diversified subsidiary operations and international expansion capabilities.