RCC Cements trading resumes on BSE after fee compliance

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Reviewed by
Riya DScanX News Team
Key Highlights
  • Trading resumes on October 14, 2026
  • Suspension revoked for ALF payment compliance
  • Shares move from XT group to X group
  • Action follows SEBI Regulation 14 requirements
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Trading in the equity shares of RCC Cements Limited will resume in the Normal Segment on Wednesday, October 14, 2026. This decision follows the revocation of the suspension order by BSE Limited.

The exchange took this action after the company complied with the requirement to pay outstanding Annual Listing Fees (ALF). The resumption marks the end of the trading halt that had been in effect due to non-payment under Regulation 14 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Group Reinstatement

BSE Limited issued Notice No. 20261009-26 to RCC Cements Limited, confirming the revocation of the suspension. The notice was communicated to the listing department by Company Secretary Sandeep Singh on October 13, 2026.

The company had been identified as a defaulting entity for failing to pay the ALF. This action is part of a broader enforcement drive by the exchange against companies with unpaid listing fees, continuing from previous notices issued in March 2020 and June 2021.

Trading Group Change

With the compliance achieved, the company's shares will move from the suspended XT group back to the X group. The specific details of the reinstatement are outlined below:

Scrip Code Company Name Existing Group Proposed Group
531825 RCC Cements Ltd XT X

The resumption of trading allows investors to transact in the stock again through the Normal Segment, restoring liquidity to the security.

How will the immediate restoration of liquidity in the X group impact RCC Cements' share price volatility and trading volume compared to pre-suspension levels?

What broader enforcement actions is BSE planning to take against other companies in the XT group that have not yet cleared their Annual Listing Fee defaults?

Will the temporary suspension trigger any credit rating downgrades or affect RCC Cements' ability to secure short-term working capital from lenders?

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RCC Cements shareholders approve Sachin Garg's second term as MD

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Reviewed by
Suketu GScanX News Team
Key Highlights
  • Shareholders approved re-appointment of Sachin Garg as MD for a second five-year term from July 8, 2027 to July 7, 2032
  • All four resolutions passed with requisite majority; promoters held 2,003,000 shares but cast zero votes
  • Public non-institutional shareholders accounted for all votes polled across the resolutions
  • Scrutinizer Kundan Agrawal submitted report to BSE on October 3, 2026, confirming no invalid votes
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RCC Cements Limited shareholders approved the re-appointment of Sachin Garg as Managing Director for a second five-year term during its 35th Annual General Meeting held on September 30, 2026. The new tenure will commence on July 8, 2027, and conclude on July 7, 2032.

The meeting, conducted in physical mode at the company's registered office in New Delhi, saw all four resolutions passed with requisite majority. The scrutinizer's report was submitted to BSE Limited on October 3, 2026. No promoter or promoter group representatives attended the meeting, and no shareholders participated via video conferencing.

Resolution details and voting outcome

Four resolutions were placed before shareholders, covering adoption of financial statements, director re-appointment, managing director re-appointment, and approval of material related party transactions. The following table summarises the consolidated voting outcome:

Resolution Description Type Total votes polled Votes in favour Votes against Result
1 Adoption of audited financial statements for FY ended March 31, 2026 Ordinary 1,031,310 1,031,283 (99.9974%) 27 (0.0026%) Passed
2 Re-appointment of Madhu Sharma as Director Ordinary 1,031,310 1,031,283 (99.9974%) 27 (0.0026%) Passed
3 Re-appointment of Sachin Garg as Managing Director Special 1,016,110 1,016,083 (99.9973%) 27 (0.0027%) Passed
4 Approval of material related party transactions Ordinary 447,606 447,579 (99.994%) 27 (0.006%) Passed

Voting breakdown by category

The promoter and promoter group held 2,003,000 shares but cast zero votes across all resolutions. Public non-institutional shareholders held 3,599,000 shares and accounted for all votes polled. No public institutional votes were recorded.

For Resolutions 1 and 2, e-voting saw 12 members vote in favour (59 votes) and 8 members vote against (27 votes). Poll voting recorded 23 members casting 1,031,224 votes in favour with no votes against. For Resolution 3, poll voting recorded 22 members casting 1,016,024 votes in favour, with Sachin Garg abstaining as a related party holding 15,200 shares.

For Resolution 4, concerning material related party transactions, 16 members cast 447,520 votes in favour via poll, while 7 related parties abstained. The abstaining related parties were M/s C N Flour Mills Private Limited, M/s Pataliputra International Limited, Shatrughan Sahu, Santosh Pradhan, Sachin Garg, M/s Harsimrat Investments Private Limited, and M/s Omkam Capital Markets Private Limited.

Managing Director profile and terms

Sachin Garg was originally appointed as Managing Director for a five-year term at the AGM held on September 30, 2022, with his existing term ending on July 7, 2027. He is a Fellow Member of the Institute of Chartered Accountants of India with over 20 years of experience. His expertise spans Corporate Laws, Audit, Finance & Taxation, Capital Markets, Project Management, and the Companies Act.

The disclosure notes that he has no relation with other directors of the company. His re-appointment is liable to retirement by rotation.

Scrutinizer details and compliance

Kundan Agrawal of M/s Kundan Agrawal & Associates, Company Secretaries, was appointed as scrutinizer by the board at its meeting held on August 31, 2026. The consolidated scrutinizer's report covering both e-voting and physical poll was issued on October 3, 2026. No invalid votes were recorded across any of the four resolutions. The filing was submitted to BSE Limited in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Attendees and governance structure

The meeting commenced at 11:00 am and concluded at 11:30 am, chaired by Sachin Garg, Chairman and Managing Director. The following directors were present:

Name Role
Sachin Garg Chairman and Managing Director
Pankaj Prasad Independent Director; Chairman of Audit, NRC, and SRC Committees
Santosh Pradhan Independent Director
Shatrughan Sahu Independent Director
Faizal Bavaparambil Abdul Khader Director
Madhu Sharma Director

Sandeep Singh, Company Secretary and Compliance Officer, confirmed that all statutory registers were available for inspection during the meeting. The voting results and scrutinizer's report are also hosted on the company's website.

How will the complete absence of promoter voting influence institutional investors' perception of RCC Cements' corporate governance standards?

What specific strategic initiatives is Sachin Garg expected to prioritize during his second five-year tenure to drive growth in the cement sector?

Will the continued reliance on public non-institutional shareholders for quorum and voting impact the company's future capital raising strategies?

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