Rajratan Global Wire Limited has successfully completed its postal ballot process, with shareholders providing overwhelming support for two special resolutions aimed at altering the company's foundational documents. The voting results, announced on January 6, 2026, demonstrate strong shareholder confidence in the proposed changes.

Postal Ballot Process and Timeline

The company conducted the postal ballot in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The process was facilitated through Central Depository Services (India) Limited's e-voting platform, ensuring secure and transparent voting for all eligible shareholders.

Resolution Details and Voting Results

Shareholders voted on two special resolutions, both receiving exceptional support from the shareholder community. The resolutions focused on fundamental changes to the company's constitutional documents.

Resolution 1: Alteration of Memorandum of Association

The first resolution sought approval for alteration of the Object Clause of the Memorandum of Association. This resolution received remarkable support from shareholders across all categories.

Resolution 2: Alteration of Articles of Association

The second resolution concerned the approval of alteration of the Articles of Association of the company. This resolution mirrored the voting pattern of the first resolution, demonstrating consistent shareholder support.

Shareholder Participation and Voting Statistics

The postal ballot witnessed significant participation from shareholders, with 72.48% of the total shareholding participating in the voting process. The company's total paid-up share capital of 50,771,000 shares saw 36,800,733 votes being polled across both resolutions.

Scrutinizer's Confirmation and Regulatory Compliance

Mr. Palash Jain, the appointed scrutinizer and Practicing Company Secretary (Membership No. ACS 50724), submitted his report on January 5, 2026, confirming the validity and transparency of the entire voting process. The scrutinizer's report validated that both resolutions were passed with the requisite majority as required under the Companies Act, 2013.

The company has fulfilled all regulatory requirements under Regulation 44(3) of the SEBI LODR Regulations by submitting the voting results and scrutinizer's report to both BSE Limited and National Stock Exchange of India Limited. Company Secretary Shubham Jain confirmed the completion of all compliance procedures related to the postal ballot process.

Rajratan Global Wire Limited , a leading manufacturer of bead wire for the tire industry, has reported a robust 20% revenue growth for the quarter, driven by substantial volume growth in both its Thailand and India operations. The company achieved a significant milestone by crossing 32,000 tons of production in a single quarter for the first time.

Financial Highlights

Operational Performance

Chairman Sunil Chordia attributed the strong performance to several factors:

1. Chennai Plant Progress: The company's Chennai facility is gaining more approvals, contributing to increased production and sales.
2. Global Market Traction: Rajratan is experiencing good traction in global markets for exports.
3. Export Growth: Current total exports to markets outside India and Thailand stand at 2,200-2,300 tons per month.
4. Capacity Utilization:
   • Thailand operations are running at 91% utilization
   • Chennai plant is operating at around 60% capacity

Expansion Plans

Rajratan Global Wire is actively pursuing growth opportunities:

1. Chennai Phase-II Expansion:
   • Investment: Rs. 20.00-25.00 crores
   • Capacity increase: To 60,000 tons
2. New Wire Rope Facility:
   • Location: Pithampur
   • Investment: Rs. 70.00 crores
   • Capacity: 10,000 tons annual
   • Expected production start: Q1 of next financial year

Future Outlook

The management projects ambitious growth over the next three years:

• Production Target: 180,000-200,000 tons
• Topline Projection: Rs. 2,000.00 crores

Export Strategy

Yashovardhan Chordia, Executive Director, highlighted the company's export plans:

• Current year export expectation: About 20,000 tons
• Next year's export target: 35,000 to 40,000 tons
• Key export markets: Southeast Asia, Europe, and North America

Market Dynamics

The company faces a competitive landscape but remains optimistic:

• Realization range: $800.00 to $1,050.00 per ton, depending on the customer profile
• EBITDA margin expectation: 13-15% range

Sunil Chordia stated, "We have left behind the worst quarter, and going forward, you should be able to see better performance of your company."

As Rajratan Global Wire Limited continues to expand its global footprint and enhance its production capabilities, the company appears well-positioned to capitalize on the growing demand for bead wire in the tire industry. However, investors should note that the company's performance remains subject to market dynamics and competitive pressures in the global bead wire market.