Rasi Electrodes Board Meeting Scheduled for May 20, 2026 to Consider Land Disposal, Postal Ballot, and Secretarial Auditor Appointments

Rasi Electrodes Limited has notified the stock exchange of a board meeting scheduled for Wednesday, May 20, 2026, at 11.30 A.M., pursuant to Regulation 29. The meeting will consider several key corporate matters, including the potential disposal of surplus landed property, initiation of a postal ballot process, and authorization of secretarial audit services for the financial year ended March 31, 2026, and upcoming quarters.

Proposed Disposal of Surplus Landed Property

A significant agenda item pertains to the consideration of an in-principle approval for the potential sale or disposal of unencumbered vacant land owned by the company. The property is situated at Manjankaranai Village, Uthukottai Taluk, Tiruvallur District, Tamil Nadu, India, and is registered in the name of the company. The board will evaluate the move to unlock value from the asset, which has been identified as surplus to the company's requirements.

Postal Ballot and Shareholder Approval

The board is also set to approve the initiation of a Postal Ballot Process to seek shareholder approval under Section 180(1)(a) of the Companies Act, 2013. This process will facilitate shareholder participation in decisions related to the proposed property disposal in accordance with applicable statutory requirements.

Secretarial Auditor Authorizations

The board will consider authorizing the Managing Director to engage Mr. Gopikrishnan Madanagopal, PCS, as Secretarial Auditor for multiple compliance requirements. The following table outlines the scope of services to be authorized:

Scope:	Details
Corporate Governance Report:	For the year ended March 31, 2026
Certification of Non-Disqualification of Directors:	For the year ended March 31, 2026
Certification of Annual Return u/s 92(2):	For the year ended March 31, 2026
Report on Reconciliation of Share Capital Audit:	For quarters ended June 30, 2026 and September 30, 2026
Other Reports/Certifications:	As required for filing with Stock Exchanges, MCA, or other statutory authorities

These authorizations cover filings required with stock exchanges, the Ministry of Corporate Affairs (MCA), and any other relevant statutory authorities for both the concluded financial year and the forthcoming quarters.

Board Meeting Overview

The key agenda items for the May 20, 2026 board meeting are summarized below:

Agenda Item:	Details
Property Disposal:	In-principle approval for sale/disposal of vacant land in Tiruvallur District, Tamil Nadu
Postal Ballot Process:	Approval under Section 180(1)(a) of the Companies Act, 2013
Secretarial Auditor (FY Ended March 31, 2026):	Authorize Mr. Gopikrishnan Madanagopal, PCS for compliance reports and certifications
Secretarial Auditor (Q1 & Q2 FY27):	Authorize for Share Capital Audit and related certifications
Other Matters:	With consent of Chairman and Independent Directors

The intimation was communicated to the Department of Corporate Services, BSE Limited, vide reference REL/020/2026-2027, dated May 12, 2026, and was signed by B. Popatlal Kothari, Managing Director (DIN: 000594168), on behalf of Rasi Electrodes Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.01%	-2.00%	+7.00%	-19.54%	-25.92%	+232.93%

Rasi Electrodes Limited has submitted mandatory regulatory disclosures to BSE Limited regarding promoter shareholdings as of March 31, 2026. The company filed disclosures under Regulation 30(2) and 31(4) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, confirming the shareholding pattern and non-encumbrance status of promoter holdings.

Promoter Shareholding Details

The promoter and promoter group collectively hold 8,703,550 equity shares of ₹2 each, representing 27.96% of the company's total voting capital. The detailed shareholding breakdown shows significant concentration among key promoter entities and individuals.

Promoter Name:	Number of Shares	Percentage Holdings
B Popatlal Kothari:	4,962,030	15.94%
P Kashyap Kothari:	1,213,065	3.90%
P Nitya Kothari:	1,061,485	3.41%
P Manjula Kothari:	882,700	2.84%
BPK Developers P Ltd:	250,000	0.80%
Popatlal Kothari & Sons:	218,570	0.70%
Ruchi N Kothari:	115,700	0.37%
Total Promoter Holdings:	8,703,550	27.96%

Share Capital Structure

The company's total paid-up equity share capital stands at 31,130,500 shares of ₹2 each as of March 31, 2026. The disclosure confirms that there are no outstanding warrants, convertible securities, or other instruments pending conversion into equity shares.

Non-Encumbrance Declaration

The promoters have provided a comprehensive declaration confirming that all shares held by them are free from encumbrance as of March 31, 2026. This declaration covers:

No direct or indirect encumbrance of shares during the year ended March 31, 2026
All promoter holdings remain unencumbered as of the disclosure date
Compliance with required disclosure obligations under SEBI regulations

Regulatory Compliance

Managing Director B Popatlal Kothari, holding the largest individual stake at 15.94%, signed the disclosures on behalf of the promoter group. The company confirmed that the promoters submitted the required disclosures to BSE Limited via email on April 6, 2026, ensuring compliance with regulatory timelines.

The disclosure includes detailed PAN information for all promoter entities, with the promoter group comprising both individual promoters and corporate entities. All seven promoter entities are classified under the promoter category without any persons acting in concert beyond the defined promoter group.