Rexnord Electronics & Controls has approved the divestment of its entire holding in Rexnord Enterprise Private Limited (REPL). The board sanctioned the move during a meeting held on September 19, 2026. REPL is a wholly owned subsidiary of the company.

The decision follows an earlier disclosure dated November 12, 2021. The company will share further details regarding the transaction upon execution of the agreement. This includes specifics required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The disclosure is made in accordance with Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015. It also aligns with SEBI Master Circulars dated January 30, 2026. The filing was signed by Chairman and Managing Director Kishorechand Talwar.

Transaction Details

No financial figures or valuation metrics were disclosed in the current filing. The company stated that additional information would be intimated after the agreement is executed.

Rexnord Electronics & Controls has scheduled its 38th Annual General Meeting (AGM) for Wednesday, September 30, 2026. The meeting will address key governance matters, including the ratification of remuneration for cost auditors and the approval of material related-party transactions.

The company issued a notice on September 5, 2026, confirming the date and mode of the gathering. The AGM aims to present and adopt the Annual Report for the Financial Year 2025-26. Shareholders can access the complete report and notice details via the company’s official website.

Meeting Details

Agenda Highlights

The AGM will transact both ordinary and special business. Under ordinary business, shareholders will receive, consider, and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026. Additionally, the meeting will appoint a Director in place of Mr. Mohan Iyer (DIN: 10158806), who retires by rotation and offers himself for re-appointment.

Under special business, the company seeks shareholder approval for two key resolutions:

1. Cost Auditor Remuneration: Ratify the remuneration of M/s. Krishna S & Associates, Cost Accountants, at ₹100,000 per annum (exclusive of taxes and out-of-pocket expenses) for the financial year ending March 31, 2027.
2. Related-Party Transactions: Approve material related-party transactions with M/s. R. K. Management Services for labour and manpower supply services. The aggregate value is capped at ₹15.00 crore per annum for FY26-27 and onwards. These transactions are intended to be carried out in the ordinary course of business on an arm’s length basis.

Regulatory Compliance

In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company dispatched letters containing web-links to members who have not registered email addresses with the company, depositories, or the Registrar and Share Transfer Agent (RTA), Bigshare Services Private Limited.

Members holding shares in physical mode are requested to update their KYC and email addresses by submitting prescribed forms such as ISR-1, ISR-2, ISR-3, or SH-13 to the RTA. Those holding dematerialized shares should follow the process advised by their Depository Participant.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE687C01012/8f080552-e470-4f70-a537-668a6b4f8261.pdf