Rhetan TMT Limited has successfully conducted its separate meeting of Independent Directors on March 23, 2026, and formally notified stock exchanges about the meeting outcome. The company communicated the results to both BSE Limited and National Stock Exchange of India Limited on the same day, maintaining compliance with regulatory disclosure requirements.

Meeting Execution and Timeline

The Independent Directors meeting was held at the company's registered office on Monday, March 23, 2026, from 12:00 PM to 12:20 PM. This 20-minute session was conducted in compliance with Regulation 25(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates such meetings for listed companies.

Meeting Agenda and Outcomes

The Independent Directors successfully reviewed and considered three critical areas of corporate governance during their meeting:

• Performance Review of Non-Independent Directors and Board: Comprehensive assessment of the effectiveness and contribution of Non-Independent Directors and the Board of Directors as a collective entity
• Chairperson Performance Assessment: Detailed evaluation of the company's chairperson's leadership and effectiveness in their role
• Information Flow Analysis: Assessment of the quality, quantity, and timeliness of information flow between the company's management and the board of directors

Corporate Governance Compliance

The meeting represents successful completion of an important corporate governance requirement, ensuring that Independent Directors evaluated board effectiveness without the presence of executive directors. This separate meeting mechanism allowed for candid discussions about board performance and management effectiveness, contributing to enhanced corporate governance standards.

The outcome notification was signed by Shalin A. Shah, Managing Director (DIN: 00297447), and includes proper digital signatures as required for official corporate communications. This formal disclosure ensures compliance with stock exchange listing requirements under Regulation 30 and maintains transparency with stakeholders regarding corporate governance activities.

Clear Water Commodities Private Limited has filed another regulatory disclosure regarding the disposal of equity shares in rhetan tmt Limited, further reducing its shareholding position in the target company. The latest transaction was executed in compliance with SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

Latest Transaction Details

The recent disposal involved 15,92,243 equity shares of Rhetan TMT Limited, representing 0.20% of the company's total share capital. The transaction was conducted through open market sales over two consecutive days in March 2026.

The disposal was executed in two tranches: 9,45,823 shares on March 18, 2026, and 6,46,420 shares on March 19, 2026.

Updated Shareholding Position

Following this latest transaction, Clear Water Commodities Private Limited's shareholding has been further reduced to 2,15,62,109 shares, representing 2.71% of the total share capital. This marks a continued reduction from the company's previous holding of 2,31,54,352 shares (2.91%).

Previous Disposal Activity

This latest disposal follows previous transactions where Clear Water Commodities had disposed of significant equity stakes. The company's initial holding was 5.18%, which was first reduced to 3.28%, then to 2.91%, and now stands at 2.71%. The combined effect of these transactions shows a systematic reduction in the company's stake in Rhetan TMT Limited.

Company Information

Clear Water Commodities Private Limited, incorporated with CIN U51101GJ2012PTC070395, is registered at 56A, Sthanakwasi Jain Society, Usmanpura, Ahmedabad. The company has confirmed that it does not belong to the promoter or promoter group of Rhetan TMT Limited.

Rhetan TMT Limited maintains its equity share capital structure of Rs. 79,68,75,000, divided into 79,68,75,000 equity shares with a face value of Re. 1 each. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Regulatory Compliance

The latest disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The filing was signed by Radheshyam Nuwal, Director of Clear Water Commodities Private Limited, bearing DIN 03016932, and submitted to both stock exchanges on March 19, 2026.