Rhetan TMT Limited held its 42nd Annual General Meeting on September 16, 2026, via video conference. The meeting lasted 17 minutes, concluding at 3:47 pm.

Shareholders approved several key resolutions, including the re-appointment of directors and statutory auditors. The company also secured approval for material related-party transactions with five associated entities.

Key Resolutions Passed

The AGM agenda included multiple corporate governance and operational approvals:

• Re-appointment of Mr. Ashok C. Shah as a director liable to retire by rotation.
• Re-appointment of statutory auditors and fixation of their remuneration.
• Re-appointment of Mr. Shalin Ashok Shah as Managing Director.
• Regularization of Mrs. Jhanvi Vikas Sethi’s appointment as a Non-Executive Independent Director.
• Approval to increase borrowing limits under Section 180(1)(C) of the Companies Act, 2013.
• Approval to increase limits for loans, investments, or guarantees under Section 186 of the Companies Act, 2013.

Related-Party Transactions

The board sought shareholder approval for material related-party transactions with the following entities:

• Ashoka Metcast Limited
• Ashnisha Industries Limited
• Lesha Industries Limited
• Gujarat Natural Resources Limited
• Lesha Ventures Private Limited

Meeting Proceedings

Mr. Tanuj Jain, Company Secretary and Compliance Officer, welcomed members and confirmed the quorum. Mr. Shalin A. Shah presided as Chairman. The meeting was conducted in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013.

Members could inspect documents electronically via email until the meeting date. No shareholder queries were received prior to the meeting. Mr. Chintan Patel served as the scrutinizer for e-voting. Results will be submitted to stock exchanges within two working days.

Rhetan TMT is exploring entry into the Corrosion Resistant Steel (CRS) TMT bars market as part of its strategy to diversify its product portfolio. The company is currently evaluating the feasibility of manufacturing these specialized bars, which offer enhanced durability for coastal and marine infrastructure projects.

The Ahmedabad-based steel manufacturer has already strengthened its existing product lineup by obtaining Bureau of Indian Standards (BIS) licenses for Fe500D, Fe550, and Fe550D grade Thermo Mechanically Treated (TMT) bars. This regulatory approval positions the company to expand its addressable market beyond standard Fe500 grade bars.

Strategic Expansion into CRS Segment

CRS TMT bars are designed to provide superior resistance to corrosion in harsh environments. Rhetan TMT identifies this segment as a significant growth opportunity, aiming to tap into specialized infrastructure projects such as bridges, ports, and coastal structures where longer service life and reduced maintenance are critical requirements.

The company has initiated preliminary steps toward this expansion, including:

• Exploring suitable technology tie-ups
• Undertaking requisite statutory and regulatory registrations
• Conducting technical and commercial feasibility assessments

Future steps will depend on the outcome of these evaluations and applicable government approvals.

Product Portfolio Update

Rhetan TMT’s current operations focus on manufacturing Thermo Mechanically Treated (TMT) bars. The addition of CRS bars would represent a move into value-added products, potentially broadening its customer base and enhancing competitive positioning in the construction materials sector.

Regulatory filings submitted on September 5, 2026, disclose that the company is pursuing this initiative under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.