Ruby Mills Limited Approves Independent Director Appointment in EOGM
Ruby Mills Limited successfully conducted its EOGM on March 26, 2026, where shareholders overwhelmingly approved the appointment of Shri Paras Khimji Savla as Non-Executive and Independent Director for five years (December 27, 2025 to December 26, 2030) with 99.97% voting approval. The company officially disclosed the appointment under SEBI Regulation 30 on March 27, 2026, confirming all regulatory compliance requirements.
*this image is generated using AI for illustrative purposes only.
Ruby Mills Limited successfully conducted its Extra Ordinary General Meeting (EOGM) on March 26, 2026, approving the appointment of Shri Paras Khimji Savla as an Independent Director with overwhelming shareholder support through a comprehensive remote e-voting process. The company has officially disclosed the appointment under Regulation 30 of SEBI Listing Regulations on March 27, 2026.
Meeting Details and Participation
The EOGM was held through Video Conferencing (VC) and Other Audio Visual Means (OAVM) from 03:46 p.m. to 03:56 p.m. on March 26, 2026, without physical presence of members at a common venue. The meeting was conducted in compliance with MCA Circulars and SEBI regulations for electronic meetings.
| Parameter: | Details |
|---|---|
| Meeting Duration: | 03:46 p.m. to 03:56 p.m. |
| Total Shareholders on Record: | 12,890 |
| Shareholders via Video Conferencing: | 31 |
| Promoter Group Attendance: | 11 |
| Public Shareholders Attendance: | 20 |
| Cut-off Date: | March 19, 2026 |
Appointment Details and Term
Shri Paras Khimji Savla (DIN: 00516639) has been appointed as Non-Executive and Independent Director for a period of five years, effective from December 27, 2025 to December 26, 2030. The appointment was approved through a special resolution with requisite majority support from shareholders.
| Appointment Details: | Information |
|---|---|
| Director Name: | Shri Paras Khimji Savla |
| DIN: | 00516639 |
| Position: | Non-Executive and Independent Director |
| Appointment Date: | December 27, 2025 |
| Term Period: | 5 years (until December 26, 2030) |
| Relationship with Other Directors: | None |
Voting Process and Results
The company provided remote e-voting facility to all members through the National Securities Depository Limited (NSDL) platform. The remote e-voting period commenced on Monday, March 23, 2026, at 09:00 a.m. IST and concluded on Wednesday, March 25, 2026, at 05:00 p.m. IST.
| Voting Category: | Shares Held | Votes Polled | % Polled | Votes in Favor | Votes Against | % in Favor |
|---|---|---|---|---|---|---|
| Promoter & Promoter Group: | 25,047,640 | 22,322,760 | 89.12% | 22,322,760 | 0 | 100.00% |
| Public-Non Institutions: | 8,390,654 | 51,843 | 0.62% | 44,575 | 7,268 | 85.98% |
| Public-Institutions: | 1,706 | 0 | 0.00% | 0 | 0 | 0.00% |
| Total: | 33,440,000 | 22,374,603 | 66.91% | 22,367,335 | 7,268 | 99.97% |
Director Profile and Qualifications
Shri Paras Khimji Savla is a qualified Chartered Accountant from Institute of Chartered Accountants of India (ICAI) and Institute of Chartered Accountants of England and Wales (ICAEW). He holds clearances from IBBI, ICAEW, ICAI, CFE and Bachelor of Commerce from Mumbai University. With over two and half decades of extensive expertise, he has served as trusted advisor to numerous corporate, non-corporate entities and NGOs.
| Professional Experience: | Details |
|---|---|
| Qualifications: | CA (ICAI), CA (ICAEW), Bachelor of Commerce |
| Experience: | Over 25 years |
| Expertise Areas: | Taxation, Investment Strategies, Transaction Structuring |
| Specialization: | Valuation, M&A, Insolvency Resolution, Tax Litigation |
| Previous Experience: | Big Four Accounting Firm - Transaction Tax Services |
Scrutinizer Report and Compliance
Anuja Parikh of Parikh & Associates, Practising Company Secretaries, served as the appointed Scrutinizer for the remote e-voting process. The consolidated scrutinizer's report confirmed that 36 members voted in favor of the resolution with 22,367,335 valid votes (99.97%), while 5 members voted against with 7,268 votes (0.03%). The company has confirmed that Shri Savla has not been debarred from holding the office of Director by virtue of any SEBI order and is not disqualified under Section 164 of the Companies Act, 2013. The official disclosure was signed by Anuradha Tendulkar, Company Secretary and Compliance Officer.
Historical Stock Returns for Ruby Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.22% | +5.85% | +0.71% | -2.72% | +16.96% | +147.76% |
What strategic initiatives or business transformation plans might Ruby Mills pursue under the guidance of their newly appointed independent director?
How could Shri Savla's expertise in M&A and transaction structuring influence Ruby Mills' future acquisition or expansion strategies?
Will Ruby Mills consider strengthening its board composition further by appointing additional independent directors in the coming quarters?
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