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.

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 30,00,000 equity shares of Rhetan TMT Limited, representing 0.37% of the company's total share capital. The transaction was conducted through a combination of open market and off-market sales over two consecutive days.

The disposal was executed in two tranches: 5,00,000 shares on March 16, 2026, and 25,00,000 shares on March 17, 2026.

Updated Shareholding Position

Following this latest transaction, Clear Water Commodities Private Limited's shareholding has been further reduced to 2,31,54,352 shares, representing 2.91% of the total share capital. This marks a continued reduction from the company's previous holding of 2,61,54,352 shares (3.28%).

Previous Disposal Activity

This latest disposal follows a previous transaction where Clear Water Commodities had disposed of 1,50,95,648 equity shares, reducing its initial holding from 5.18% to 3.28%. The combined effect of both transactions shows a significant 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 17, 2026.