Ratnaveer Precision Engineering Limited successfully concluded its Extraordinary General Meeting (EGM) on May 30, 2026, approving key resolutions including an increase in authorised share capital and the appointment of an executive director. The meeting was conducted through video conferencing and other audio-visual means in compliance with Ministry of Corporate Affairs and SEBI circulars, ensuring shareholders could participate remotely.

The EGM commenced at 12:00 noon IST and concluded at 12:34 p.m. IST on the same day. Vijay Sanghavi, Managing Director, chaired the meeting, which was attended by six directors, including independent directors and the company secretary. The quorum was met with 58 members participating via video conferencing, reckoned as per Section 103 of the Companies Act, 2013.

Shareholders voted on two special resolutions during the meeting. The first resolution sought to increase the authorised share capital of the company and consequent alteration of clause v of the memorandum of association. The second resolution approved the appointment of Mrs. Seema Vijay Sanghavi (DIN: 11046663) as an executive director liable to retire by rotation.

Meeting Participation and Voting

The company provided e-voting facilities to members holding shares as of the cut-off date, May 23, 2026. Remote e-voting was open from May 27, 2026, at 9:00 a.m. IST to May 29, 2026, at 5:00 p.m. IST. Additionally, members could cast votes during the EGM and for 15 minutes after its conclusion. M/s. TNT & Associates, Practicing Company Secretaries, were appointed as scrutinizers for the e-voting process.

Voting Results

The resolutions were passed with the requisite majority. For the resolution to increase authorised share capital, 99.9943% of the votes polled were in favour, with 0.0057% against. Regarding the appointment of Mrs. Seema Vijay Sanghavi as an executive director, 97.6687% of votes were in favour and 2.3313% were against. The votes of Vijay Ramanlal Sanghavi and Mrs. Seema Vijay Sanghavi were not counted for the second resolution due to their interest in the matter.

The proceedings of the EGM are available on the company's website. Detailed voting results, as required under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, were submitted to the exchanges.

Ratnaveer Precision Engineering Limited has released the transcript of its earnings call conducted on May 14, 2026. The call covered the audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Outlook and CCL Project

During the call, Managing Director Vijay Sanghavi outlined the company's strategic roadmap, highlighting the upcoming Copper Clad Laminate (CCL) project. The company has tied up with a Chinese technology partner for the project, which aims to substitute 100% imports of CCL, a raw material for the PCB industry. The management stated that the first line of production is scheduled to commence by November 2026, with civil work and machinery installation currently in progress. The project has received approval of ₹338 crore under the ECMS scheme from the Central Government and incentives from the Gujarat government.

Financial Guidance and Fundraising

The management provided a revenue target of ₹2,500 crore over the next three years, combining the existing stainless steel business and the new CCL venture. The existing business is projected to grow from ₹1,078 crore in FY26 to ₹1,800 crore with a 25% CAGR, while the CCL business is expected to contribute ₹750 crore. To fund the CCL project, estimated to require a total investment of approximately ₹650 crore, the company plans to raise ₹330 crore through a QIP or equivalent instruments by September 2026. Additionally, the company expects to receive promoter infusion of ₹115 crore through warrants.

Operational Performance

Addressing operational queries, the management noted that the company serves diverse industries including railways, defense, aerospace, and pharmaceuticals. They reported a strong order book position and stated that the company has not been significantly impacted by recent global geopolitical situations. The management also clarified that the effective tax rate is expected to remain in the range of 13% to 15%.