Revathi Equipment India Limited shareholders rejected the approval of material related party transactions with Semac Construction Limited during the company's 7th Annual General Meeting held on September 25, 2026. The resolution failed to secure the requisite majority, marking a significant governance outcome for the Coimbatore-based firm.

The meeting was conducted entirely through Video Conferencing (VC) and Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs circulars. A total of 47 members representing 20,05,389 equity shares attended the virtual session. While routine items such as the adoption of audited standalone and consolidated financial statements for FY26 and the re-appointment of Deepali Dalmia were passed, the special business item concerning Semac Construction drew dissent.

Voting results on resolutions

The scrutinizer's report detailed the voting outcomes for the four agenda items. Items 1 through 3 were passed with overwhelming support, while Item 4 failed due to insufficient votes in favor.

For Item No. 4, only 15 members voted in favor, casting votes for 16,163 shares, while 6 members voted against, casting votes for 44,286 shares. Notably, two shareholders who are related parties or promoters, holding 18,43,942 equity shares, abstained from voting on this specific resolution.

Board attendance and governance

The following directors participated in the meeting from various locations:

Key Managerial Personnel present included Mahesh Gupta, Chief Financial Officer, and Madhavi Singh, Company Secretary. Directors Deepali Dalmia, P Muthusekkar, and B V Ramanan were unable to attend due to prior commitments.

What the numbers show

The rejection of the related party transaction highlights a divergence between promoter control and minority shareholder sentiment. While promoters and related parties holding over 18 lakh shares abstained from voting on the Semac Construction deal, the remaining eligible voters overwhelmingly opposed it, with dissent accounting for 73.26% of valid votes cast on that item. This contrasts sharply with the near-unanimous approval for routine governance matters, where dissent was limited to 1.77%.

Revathi Equipment India Limited has announced its 7th Annual General Meeting (AGM) on Friday, September 25, 2026 at 5:00 pm IST, to be held through Video Conference (VC) or Other Audio Visual Means (OAVM) without physical presence of members.

AGM details

The meeting will be conducted in compliance with applicable provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Ministry of Corporate Affairs (MCA) and SEBI circulars issued from time to time. The AGM notice and Annual Report for the year ended March 31, 2026 will be distributed electronically to members whose email addresses are registered with the Company, Registrar and Share Transfer Agent (RTA), or their respective Depository Participants (DP).

E-voting and member participation

Revathi Equipment India has arranged remote e-voting facilities for all shareholders to cast votes on resolutions set out in the AGM notice. Members holding shares in physical form or those who have not registered their email address with the Company, DP, or RTA may cast their vote remotely or through the e-voting system during the AGM. Members participating through VC or OAVM will be counted for quorum purposes under Section 103 of the Companies Act, 2013.

The AGM notice and Annual Report will be available on the following platforms:

• Company website at www.revathi.in
• Website of National Stock Exchange of India Limited
• Website of BSE Limited
• Website of the e-voting service provider, Instavote by MUFG Intime India Private Limited

Shareholder action required

The company has urged shareholders to update their email ID, bank account details, and Permanent Account Number (PAN) with the Company or RTA for shares held in physical form, and with their DP for shares held in dematerialised form. This is to ensure timely receipt of the Annual Report and other communications. Members who have not registered their email address will receive a letter containing the weblink to access the Annual Report hosted on the company's website.

The newspaper advertisement regarding the AGM was published on August 29, 2026 in Business Standard (English) and Malai Murasu (Tamil). The AGM notice was signed by Abhishek Dalmia, Chairman and Managing Director, dated August 28, 2026 from Coimbatore.