Rasi Electrodes Limited will convene a board meeting on July 16, 2026, to evaluate and decide on the sale of landed property belonging to the company. The board will consider the proposal to sell the asset, for which the company has already obtained the necessary consent from shareholders under Section 180 of the Companies Act, 2013, and relevant Listing Regulations on June 29, 2026.

The meeting is scheduled to be held at 11.30 P.M. The agenda includes the evaluation of proposals for the sale and any other matter with the permission of the Chairman and Independent Directors.

In a regulatory disclosure, the company noted that the trading window is currently closed from July 1, 2026, to August 16, 2026, for the purpose of considering the Unaudited Financial Results for the quarter ended June 30, 2026. Consequently, the company stated that no separate initiation of the trading window closure is required for this event under the Listing Regulations.

The company confirmed that necessary entries as required under the SDD mandate of SEBI (Prohibition of Insider Trading) Regulations have been recorded, and intimations to insiders have been duly given for this Unpublished Price Sensitive Information (UPSI) event.

Rasi Electrodes Limited has received shareholder approval to sell or dispose of unencumbered landed property registered in the company's name. The special resolution was passed via a postal ballot through electronic voting, with 99.70% of the total votes cast favouring the proposal.

The voting process was conducted by Central Depository Services (India) Limited (CDSL) under the electronic voting system number (EVSN) 260518005. The voting window was open from May 27, 2026, to June 27, 2026, with the record date set as May 15, 2026. The scrutinizer for the process was Gopikrishnan Madanagopal, a Practicing Company Secretary.

Voting Details

A total of 57 members participated in the electronic voting process, representing 8,110,301 shares. The resolution required a special majority, which was secured with 8,085,820 votes in favour and 24,481 votes against. Promoters and the Promoter Group cast 7,057,795 votes, all in favour of the resolution.

The total number of issued shares was 31,130,500. However, 8,700 equity shares were excluded from the voting rights determination as they were lying unclaimed in a separate demat account, reducing the total voting rights considered for the ballot to 31,121,800 shares.

Resolution Outcome

The results were declared on June 29, 2026, by B Ranjit Kumar Kothari, Chairman of the Postal Ballot Process. The detailed voting results are summarised below:

The company stated that the special resolution was passed with the requisite majority, authorising the Board of Directors to proceed with the sale of the property.