Rathi Bars has scheduled its 33rd Annual General Meeting for September 17, 2026. The meeting will address significant governance changes and substantial related-party transaction approvals.

The company is seeking shareholder consent for material related-party transactions totaling up to ₹100 crore each with Rathi Special Steels Limited and Bhiwadi Iron Private Limited for FY27. These transactions involve the sale and purchase of steel products and represent a significant portion of the company's operational scale.

Governance Changes

Shareholders will also consider the appointment of Mr. Sachindra Jha as a Non-Executive Independent Director. Mr. Jha brings over 20 years of experience in the steel industry, including manufacturing operations and supply chain coordination. He will hold office for a five-year term ending on September 17, 2031.

Additionally, the meeting will see the reappointment of Mr. Uddhav Rathi as Whole-time Director, who retires by rotation. The Board has also appointed M/s Avnesh Jain & Co. as Cost Auditors for FY27, with remuneration fixed at ₹25,000 plus applicable taxes.

Related-Party Transaction Details

The proposed transactions with related parties are structured to achieve synergies and economies of scale. Both counterparties share common management with Rathi Bars. The details of these proposals are outlined below:

The explanatory statement notes that these transactions are carried out at arm’s length prices. No external valuation reports were relied upon for these proposals. The Audit Committee of Rathi Bars has unanimously approved and recommended these transactions.

Meeting Logistics

The AGM will be conducted through video conferencing or other audio-visual means. The cut-off date for determining voting eligibility is September 10, 2026. Remote e-voting will be available from September 14 to September 16, 2026. Members holding shares in physical form are advised to dematerialize their holdings, as nearly 100% of the capital is currently held in demat form.

Rathi Bars has designated Chief Financial Officer Uddhav Rathi as its interim Compliance Officer. The appointment ensures uninterrupted regulatory and listing compliance while the company searches for a permanent candidate.

The company notified the BSE Limited on August 26, 2026, regarding the interim arrangement. This step maintains statutory adherence during the vacancy period for the Compliance Officer role.

Regulatory Framework

Rathi Bars cited Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as the basis for this disclosure. The company also referenced SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2025/47 dated April 1, 2025.

This circular clarifies the organizational position and level required for the Compliance Officer under Regulation 6(1). The company confirmed it is aware of the requirement to appoint a qualified Company Secretary within three months of any vacancy.

Next Steps

Rathi Bars stated it is actively identifying a suitable and qualified Company Secretary to fill the position permanently. The interim arrangement will remain in force only until this appointment is made.

The company will inform the stock exchange once the permanent Compliance Officer is appointed. This process aims to comply with all applicable regulatory timelines without disrupting ongoing compliance activities.