Rhetan TMT Limited has formally notified stock exchanges about an upcoming separate meeting of its Independent Directors, scheduled for March 23, 2026. The announcement was made through an official communication to both BSE Limited and National Stock Exchange of India Limited on March 18, 2026.

Meeting Details and Regulatory Compliance

The separate meeting of Independent Directors will be held at the company's registered office on Monday, March 23, 2026. This meeting is being 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 Key Focus Areas

The Independent Directors will deliberate on three critical areas of corporate governance during their meeting:

• Performance Review of Non-Independent Directors: Assessment of the effectiveness and contribution of Non-Independent Directors to the board's functioning
• Board Performance Evaluation: Comprehensive review of the Board of Directors' performance as a collective entity
• Chairperson Performance Assessment: Evaluation of the company's chairperson's leadership and effectiveness
• 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 Significance

The meeting represents an important aspect of corporate governance, ensuring that Independent Directors can evaluate board effectiveness without the presence of executive directors. This separate meeting mechanism allows for candid discussions about board performance and management effectiveness, contributing to enhanced corporate governance standards.

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

Rhetan TMT Limited has successfully concluded its postal ballot process, with shareholders decisively approving a special resolution to alter the Object Clause of the company's Memorandum of Association. The voting process concluded on March 18, 2026, demonstrating strong shareholder support for expanding the company's business scope into commodity trading operations.

New Business Object Details

The approved resolution involves insertion of a new object clause in the Main Object Clause of the Memorandum of Association. The company has added Clause no. III [A] (5) to enable comprehensive commodity trading operations.

The new object specifically authorizes the company to carry on business of trading, buying, selling, importing, exporting, investing in, arbitraging, hedging and dealing in commodities including metals (precious and base), bullion, minerals, energy products, soft commodities, hard commodities and allied products through spot, forward, futures, options and other derivative contracts.

Voting Results Overview

The postal ballot results revealed overwhelming shareholder approval for the proposed amendment. The comprehensive voting data showcases broad-based support across all shareholder categories.

Category-wise Participation

The voting process witnessed participation from all major shareholder categories, with promoters showing complete support for the resolution.

Promoter and Promoter Group

• Shares Held: 495000000
• Votes Polled: 495000000 (100% participation)
• Support: 495000000 votes in favor (100%)
• Opposition: 0 votes against

Public Institutions

• Shares Held: 8105156
• Votes Polled: 195132 (2.41% participation)
• Support: 195132 votes in favor (100%)
• Opposition: 0 votes against

Public Non-Institutions

• Shares Held: 293769844
• Votes Polled: 46867863 (15.95% participation)
• Support: 46867113 votes in favor (99.9984%)
• Opposition: 750 votes against (0.0016%)

Regulatory Compliance and Process

The postal ballot was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations. The disclosure has been made under Regulation 30 and Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Managing Director Shalin A. Shah has formally communicated the approval to BSE Limited and National Stock Exchange of India Limited, ensuring compliance with listing obligations. The successful approval reflects strong shareholder confidence in the company's strategic diversification into commodity trading operations.