Rexnord Electronics & Controls Limited concluded its 38th Annual General Meeting on September 30, 2026, through video conferencing. The meeting adopted the audited standalone and consolidated financial statements for the year ended March 31, 2026.

The proceedings were conducted in compliance with Ministry of Corporate Affairs and SEBI circulars. Chairman and Managing Director Kishorechand Talwar presided over the meeting, which began at 11:00 am and concluded at 11:28 am. The statutory auditors' report contained no qualifications or adverse remarks, allowing it to be taken as read with member permission.

Resolutions Passed

Shareholders approved several ordinary resolutions covering routine business and specific related-party transactions. The key items transacted included:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Re-appointment of Mohan Iyer, who retired by rotation and offered himself for re-election.
• Ratification of remuneration for cost auditors for the financial year ending March 31, 2027.
• Approval of material related party transactions with R. K. Management Services and S. K. Management Services under SEBI (LODR) Regulations, 2015.

Voting and Participation Details

The company facilitated remote e-voting through Bigshare Services Private Limited from September 27 to September 29, 2026. Members participating via video conferencing could also vote electronically during the meeting if they had not voted remotely earlier. Mahesh Soni of GMJ & Associates served as the scrutinizer for the voting process.

The voting results and scrutinizer's report are available on the company's website and were communicated to BSE Limited within two working days of the meeting's conclusion.

Rexnord Electronics & Controls has completed the disinvestment of its entire holding in Rexnord Enterprise Private Limited (REPL) for a total consideration of ₹5.5 crore. The transaction was formalized through a Share Purchase Agreement signed on September 24, 2026, with Jamin Property Developers I Private Limited as the buyer.

The board had initially approved the full divestment of REPL, a wholly owned subsidiary, during a meeting held on September 19, 2026. Following the execution of the agreement, Rexnord Enterprise Private Limited ceases to be a subsidiary of the company. The expected date for the completion of the sale is October 10, 2026.

Transaction Details

The buyer, Jamin Property Developers I Private Limited, is a company incorporated under the Companies Act, 2013, with its registered office in Chennai. The company confirmed that the buyer is not related to the promoter, promoter group, or group companies. Consequently, the transaction does not fall within related party transactions and is conducted at arm's length.

Financial Impact

According to the disclosures made under Regulation 30 of the SEBI (LODR) Regulations, 2015, the financial contribution of the divested entity was minimal. For the financial year ended March 31, 2026, Rexnord Enterprise Private Limited contributed NIL turnover and NIL percentage contribution to the consolidated revenue.

However, the entity contributed an amount of ₹62.77 lakh (INR 62,76,730.90) to the net worth, representing a 0.65% contribution on a basis of consolidated financial statements. The transaction is outside the scope of any Scheme of Arrangement and is not a slump sale.

Regulatory Compliance

The disclosure aligns with Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015. It also complies with SEBI Master Circulars dated January 30, 2026, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The filing was signed by Chairman and Managing Director Kishorechand Talwar and Director Kewal Talwar.