Real Touch Finance discloses voting results of 41st AGM
- All 10 resolutions passed at the 41st AGM
- Angalappan Anandakumar appointed MD for 5 years
- Material related party transactions with Khivraj entities approved
*this image is generated using AI for illustrative purposes only.
Real Touch Finance Limited shareholders approved all 10 resolutions at their 41st Annual General Meeting held on September 26, 2026. The voting results, disclosed on September 28, 2026, confirmed the appointment of Angalappan Anandakumar as Managing Director and various related party transactions.
The meeting was conducted through Video Conferencing and Other Audio Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars. A quorum of 32 members attended the session. Gopal Sridharan, Whole Time Director, served as Chairman of the meeting.
Key resolutions passed
Shareholders voted on several ordinary and special business items. The audited financial statements for the financial year ended March 31, 2026, were adopted alongside the Board and Auditors' reports. The Statutory Auditors' Report did not contain any qualifications or adverse remarks.
The following appointments and transactions received approval:
- Managing Director Appointment: Angalappan Anandakumar (DIN: 09045884) was appointed as a Director and subsequently as Managing Director for a term of five consecutive years starting September 1, 2026.
- Director Re-appointments: Padmini Ceruseri Srikanth (DIN: 10495231) was re-appointed as Non-Executive Director retiring by rotation. Somnath Sarkar (DIN: 09353167) was re-appointed as a Non-Executive Independent Director for a second term of five years.
- Borrowing Powers: The company received approval to increase borrowings under Section 180(1)(c) of the Companies Act, 2013.
- Asset Charges: Approval was granted to create charges, mortgages, or hypothecations on immovable and movable properties under Section 180(1)(a).
Related party transactions
The AGM also addressed material related party transactions involving entities within the promoter group. These transactions were approved via ordinary resolutions. Promoter group votes were excluded from these specific resolutions due to conflict of interest.
| Entity Name | Transaction Type | Outcome |
|---|---|---|
| Khivraj Motors Private Limited | Material related party transaction | Passed |
| Khivrajkamal Motors Private Limited | Material related party transaction | Passed |
| Khivraj Automobiles and Infrastructure Private Limited | Material related party transaction | Passed |
Voting and compliance details
Electronic voting was facilitated through the NSDL platform. CS KJ Chandra Mouli, Partner at BP & Associates, served as the Scrutinizer to ensure a fair and transparent voting process. The voting results, along with the Scrutinizer's report, are scheduled to be uploaded to the company website and the Bombay Stock Exchange within two working days from the conclusion of the meeting.
The e-voting facility remained open for 15 minutes after the question-and-answer session to allow members to cast their votes. The meeting concluded at 3:30 pm with a vote of thanks.
Historical Stock Returns for Real Touch Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.97% | -7.23% | -15.18% | -26.94% | -30.23% | 0.0% |
How will the newly approved increase in borrowing powers impact Real Touch Finance's leverage ratio and cost of capital in the upcoming fiscal quarters?
What specific strategic initiatives or expansion plans is new Managing Director Angalappan Anandakumar expected to implement during his five-year tenure?
Will the approved related party transactions with Khivraj group entities lead to increased operational dependencies that could affect minority shareholder interests?
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