RDB Rasayans submitted the summary of proceedings for its 31st Annual General Meeting (AGM) to the BSE with a delay of approximately 11 hours and 51 minutes. The company attributed the lapse to an unexpected technical glitch affecting its internal network and digital signature authentication portal.

The 31st AGM was convened on Thursday, August 20, 2026, through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The meeting commenced at 12:30 pm and concluded at 1:28 pm. Under Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company was required to upload the summary within 12 hours of the conclusion. The filing deadline lapsed at 1:28 am on August 21, 2026.

The summary was successfully uploaded on Friday, August 21, 2026, at 1:19 pm. Shradha Dalmia, Company Secretary and Compliance Officer, stated that the delay was unintentional and caused by a temporary connectivity failure during the late hours of August 20. The issue was resolved the following morning, allowing for immediate submission. The company confirmed that this procedural delay did not cause any information asymmetry or market disruption.

AGM Proceedings and Resolutions

Mr. Shanti Lal Baid, Managing Director, chaired the meeting. Ninety-five members, including promoter directors, attended via video conferencing. The quorum was present, and the meeting proceeded in compliance with Ministry of Corporate Affairs (MCA) and SEBI circulars.

The Board of Directors appointed Mrs. Mausami Sengupta as Scrutinizer to oversee the voting process. Remote e-voting commenced on August 17, 2026, at 9:00 am and ended on August 19, 2026, at 5:00 pm. Members attending the meeting who had not voted remotely could cast their votes via the National Securities Depository Limited (NSDL) platform.

Key Resolutions Passed

The members transacted the following items of business:

Mr. Sandeep Baid, CFO, addressed questions from registered speakers regarding the company's working. The Chairman noted that despite a challenging operating environment, the company delivered a resilient performance in FY26. The financial statements and reports of the Board and Auditors were taken as read, as they had been circulated earlier. No qualifications were present in the Audit Report.

What the Numbers Show

The source document provides no financial figures, revenue data, or profit metrics. It is strictly a compliance filing regarding the procedural delay in submitting AGM proceedings. Consequently, no financial analysis or trend observation can be derived from this specific input.

RDB Rasayans shareholders approved the company's audited financial statements for FY26 and reappointed director Pragya Baid at its 31st Annual General Meeting held on August 20, 2026.

The meeting was conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs and SEBI regulations. Managing Director Shanti Lal Baid chaired the proceedings. A total of 95 members attended the session via video conferencing, comprising 7 promoter group members and 88 public shareholders.

Voting Outcome

All five resolutions placed before the shareholders were passed by majority. The promoters held 12,371,112 shares, while public non-institutional shareholders held 5,343,688 shares as on the record date of September 9, 2025.

Note: For the Related Party Transactions resolution, promoter votes were treated as invalid per SEBI LODR Regulation 23 requirements. Consequently, only public shareholder votes were considered for this specific item.

Key Resolutions Passed

Shareholders approved several ordinary and special resolutions during the meeting. The board sought approval for material related party transactions for the financial year 2026-27 with various group entities, including RDB Infrastructure and Power Limited and RDB Real Estate Constructions Limited. The aggregate value for loans, guarantees, or security is capped at ₹300 crore at any point in time during FY27.

Members also authorized transactions under Section 185 of the Companies Act, 2013, allowing the company to provide loans or guarantees to subsidiaries, associates, or joint ventures. Additionally, the company secured approval to enhance limits for granting loans, making investments, providing guarantees, and securities under Section 186 of the Companies Act, 2013.

Pragya Baid (DIN: 06622497), who retired by rotation, was reappointed as a director. The resolution received overwhelming support from both promoter and public shareholders.

Governance and Attendance

Priyam Sen, Non-Executive Independent Director and Chairman of the Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee, attended the meeting. Mrs Riya Jain, Non-Executive Independent Director and Chairman of the Audit Committee, was also present.

Mr Ranjan Singh, Partner at LB Jha & Co., the statutory auditors, attended the session. Mrs Mausami Sengupta served as the Scrutinizer and Secretarial Auditor for the event. Her consolidated report confirmed that all resolutions were passed with the requisite majority.

Mrs Shradha Dalmia, Company Secretary and Compliance Officer, informed members that the facility to appoint proxies was not available for this AGM due to the virtual format. Remote e-voting commenced on August 17, 2026 at 9:00 am and concluded on August 19, 2026 at 5:00 pm.

Chairman's Address

The Chairman deliberated on the company's overall performance and future outlook. He noted that despite a challenging operating environment, the company delivered a resilient performance and aims to continue this trajectory in future years.

The financial statements and reports of the Board of Directors and Auditors for the fiscal year ended March 31, 2026 were taken as read as they had been previously circulated to members. As there were no qualifications in the audit report, it was not required to be read aloud.

The meeting concluded at 1:28 pm with a vote of thanks to the Chair.