Ratnaveer Precision Engineering Ltd appointed Mrs. Seema Sanghavi as Whole Time Director for a five-year term starting August 20, 2026. The board also approved the appointment of new internal, cost, and statutory auditors for the financial year 2026-27.

Mrs. Sanghavi, who has served the company as Chief Sales Co-ordinator, brings expertise in sales and marketing. Her remuneration will be fixed subject to shareholder approval at the ensuing Annual General Meeting. She is the wife of Mr. Vijay Sanghavi.

Auditor Appointments

The company appointed M/s. Bhadresh K Mehta & Co as its Internal Auditor for FY27. The firm specializes in financial accounting, banking, business planning, and legal compliance.

M/s. Ashish Bhavsar & Associates was named Cost Auditor for the same period. Founded by CMA Ashish Bhavsar in Ahmedabad, the firm provides comprehensive cost auditing services.

Additionally, the board approved M/s. Pankaj R Shah & Associates as Statutory Auditors for a second consecutive term of five years. This appointment requires shareholder approval at the upcoming AGM. Established in 1977, Pankaj R Shah & Associates is a peer-reviewed firm with over 100 professionals.

Regulatory Disclosure

These appointments were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details were communicated to the National Stock Exchange of India Limited and BSE Limited on August 20, 2026.

Ratnaveer Precision Engineering Limited has fixed August 26, 2026, as the record date for its rights issue of equity shares. The company notified the National Stock Exchange of India Limited and BSE Limited on August 20, 2026, pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The rights issue, approved by the board on August 20, 2026, involves the issuance of 1,24,99,669 equity shares at ₹264 per share, raising approximately ₹329.99 crore. Existing shareholders are entitled to receive 7 rights equity shares for every 40 fully paid-up equity shares held.

Rights issue details

The following table summarises the key parameters of the rights issue as approved by the board:

The outstanding equity shares before the rights issue stand at 7,14,26,681. Assuming full subscription, the post-issue outstanding shares will be 8,39,26,350.

Regulatory compliance

The intimation regarding the record date was issued by Umang Lalpurwala, Company Secretary & Compliance Officer. The earlier board meeting on August 20, 2026, addressed fixing the number of shares, determining the issue price, setting the entitlement ratio, defining payment terms, and fixing the record date. The initial disclosure was made pursuant to Regulation 30(6) of the SEBI (LODR) Regulations, 2015.