Rasi Electrodes Limited has responded to a BSE query regarding its board meeting outcome held on March 31, 2026, providing clarifications on timing and compliance with regulatory requirements. The company successfully concluded its postal ballot process through electronic voting, announcing unanimous approval of two ordinary resolutions with record date February 20, 2026.

BSE Query Response and Meeting Details

In response to BSE's email dated April 2, 2026, Rasi Electrodes clarified that the corporate announcement was filed within prescribed time limits through the listing portal on March 31, 2026. The company provided specific timing details for the board meeting proceedings.

The board meeting was specifically convened to record the postal ballot voting results, which closed on March 30, 2026, and to approve enabling resolutions for investment authorization matters.

Investment Authorization and Board Decisions

The Board of Directors approved significant investment authorization decisions, authorizing Managing Director B Popatlal Kothari to invest temporary surplus funds across multiple categories, subject to overall limits prescribed under Section 186(2) of the Companies Act, 2013.

Additionally, the board authorized the Managing Director to provide loans and advances to non-related parties for business purposes, with outstanding amounts not exceeding Rs 5.00 crores at any point in time.

Postal Ballot Process and Results

The electronic voting process was conducted through Central Depository Services (India) Limited (CDSL) with EVSN reference number 260219003. Both ordinary resolutions received unanimous approval from participating shareholders.

Resolution Results Summary

Regulatory Compliance and Documentation

The postal ballot process was scrutinized by Mahavir Chand Kochar G. (FCA-221397), Proprietor of Mahavir Kochar & Co., Chartered Accountants, Chennai. The company confirmed compliance with SEBI Master Circular ref.SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and filed the response through BSE's online portal and email to query.lodr@bseindia.com .

B Popatlal Kothari, Managing Director and Compliance Officer, formally declared both resolutions as passed unanimously following the scrutinizer's report, confirming adherence to provisions of Section 108 and 110 of the Companies Act, 2013.

Rasi Electrodes Limited has announced the schedule for its postal ballot through electronic voting, following the board meeting held on February 14, 2026. The company will seek shareholder approval on two ordinary resolutions through the electronic voting process.

Postal Ballot Schedule and Process

The electronic voting process will commence on February 28, 2026, and conclude on March 30, 2026. The company has established a comprehensive timeline for the postal ballot process:

The company has appointed Mr. Gumanmal Mahavir Chand Kochar (FCA:221397), Practicing Chartered Accountant, as the scrutinizer to conduct the postal ballot process in a fair and transparent manner.

Resolution Details

Shareholders will vote on two ordinary resolutions during the postal ballot process. The first resolution seeks ratification for the appointment of Mr. Gopikrishnan Madanagopal (FCS-2276; COP:2051), Practicing Company Secretary, as the Secretarial Auditor for the year ended March 31, 2026.

The appointment was made under Section 204 of the Companies Act, 2013, and Regulation 24A of SEBI LODR Regulations, 2015, after the position remained unfilled following the 30th Annual General Meeting held on September 29, 2025.

Solar Power Supply Contract

The second resolution involves approval for a related party contract with M/s Kashyap Wire Products for solar power supply. The company is installing a 100 KVA capacity solar power plant and proposes to supply the generated power to the related party for wire drawing operations.

The relationship exists as Mrs. Manjula Kothari, wife of Managing Director Mr. B Popatlal Kothari, is the proprietor of M/s Kashyap Wire Products. The contract aims to optimize wire drawing material costs while ensuring uninterrupted supply for the company's welding electrode manufacturing operations.

Voting Process and Communication

The postal ballot notice will be sent electronically to all eligible shareholders whose email addresses are registered with the company or depositories. Shareholders can access the notice through the company's website at www.rasielelectrodes.com , BSE Limited's website, and the registrar's portal.

The results will be announced on or before April 1, 2026, at the company's registered office. The declared results, along with the scrutinizer's report, will be submitted to BSE Limited and uploaded on the company's website.

Source: None/Company/INE822D01021/0d86f4e4-b4ce-4c1b-a670-b3e363bac557.pdf