RCC Cements Limited has approved a strategic diversification into the consumer electronics sector, encompassing mobile phones, mobile accessories, and computer hardware, subject to shareholder approval. The decision, taken by the Board of Directors on June 19, 2026, aims to leverage the industry expertise of its newly appointed directors to capitalize on high-growth industry segments. This move requires an alteration of the company's Object Clause in the Memorandum of Association to facilitate the new business activities.

Board Approvals and Director Appointments

The Board approved the appointment of Mr. Faizal Bavaraparambil Abdul Khader (DIN: 07729191) as a Non-Executive Non-Independent Director, liable to retire by rotation. Additionally, Mr. Shatrughan Sahu (DIN: 00343726) was appointed as a Non-Executive Independent Director for a term of five consecutive years commencing from April 21, 2026. Both appointments were recommended by the Nomination and Remuneration Committee and are subject to shareholder ratification.

Financial Resolutions and Related Party Transactions

Shareholders will also vote on resolutions to increase the company's financial flexibility. The Board sought approval to borrow up to ₹200 crore under Section 180(1)(c) of the Companies Act, 2013, excluding temporary loans from bankers. Furthermore, the Board proposed authorization to invest, extend loans, or provide guarantees up to ₹50 crore under Section 186 of the Act. Approval was also sought for loans to interested directors up to ₹25 crore under Section 185.

The Board approved entering into material related party transactions for FY27, with an aggregate value not exceeding ₹25.60 crore. This requires an Ordinary Resolution from shareholders and compliance with the Companies Act, 2013, and SEBI Listing Regulations.

Extraordinary General Meeting Details

An Extraordinary General Meeting (EGM) is convened for July 17, 2026, at 11:00 A.M. at the company's registered office in New Delhi to secure shareholder approval for these matters. E-voting will be open from July 14 to July 16, 2026, with July 10, 2026, set as the record date. Mr. Kundan Agrawal has been appointed as the Scrutinizer, and MAS Services Limited will act as the Registrar and Share Transfer Agent.

Key Resolutions for Shareholder Approval

The company also adopted new Memorandum and Articles of Association to align with the provisions of the Companies Act, 2013, replacing the existing documents based on the Companies Act, 1956.

RCC Cements Limited reported a net loss of ₹28.08 lakh for the financial year ended March 31, 2026, widening from a net loss of ₹12.22 lakh in the previous year. The company recorded zero revenue from operations during FY26, compared to ₹2.05 lakh in FY25. Total expenses for the year rose to ₹28.08 lakh from ₹14.27 lakh in the prior year, driven primarily by other expenses and employee benefit costs. The company submitted the newspaper publication of these audited financial results to the Bombay Stock Exchange on May 29, 2026, under Regulation 33 of the SEBI Listing Obligations.

The Board of Directors approved the standalone audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026. The statutory auditors, M/s Nemani Garg Agarwal & Co., issued an audit report with an unmodified opinion. However, the auditors emphasized that capital advances of ₹3.74 crore grouped under long-term loans and advances are subject to confirmation from the party, and details were not provided.

Financial Performance

The company’s financial statements indicate a continued lack of business revenue. For the quarter ended March 31, 2026, the net loss stood at ₹16.71 lakh, with total income recorded at nil. Basic and diluted earnings per share (EPS) for the year were reported at (₹0.50), compared to (₹0.22) in the previous year.

Board Decisions and Appointments

Based on the recommendation of the Audit Committee, the Board reappointed M/s Sanghi & Co., Chartered Accountants, as the internal auditor of the company for the financial year 2026-27. The Board also discussed the profile of Mr. Faizal Bavaraparambil Abdul Khader, recently appointed as an Additional Director, and explored leveraging his expertise for potential business opportunities in consumer electronics and allied products.

Asset and Liability Position

As of March 31, 2026, the company’s total assets stood at ₹713.16 lakh, slightly down from ₹715.04 lakh in the previous year. Total equity decreased to ₹287.22 lakh from ₹315.30 lakh, while current liabilities increased to ₹425.94 lakh from ₹399.74 lakh. Cash and cash equivalents reduced to ₹7.77 lakh from ₹9.65 lakh at the end of the previous fiscal year.