Royal Cushion Vinyl Products Limited , a company specializing in vinyl flooring solutions, recently held an Extraordinary General Meeting (EGM) that resulted in significant corporate actions approved by its shareholders. The meeting, conducted virtually on October 25, 2023, saw the passage of all four proposed resolutions by the requisite majority.

Key Resolutions Approved

1. Capital Structure Changes: Shareholders approved increasing the authorized equity share capital and altering the capital clause of the memorandum of association.

2. Preferential Issue to Private Investors: Approval was granted for issuing equity shares to private investors through a preferential issue.

3. MOU/Loan Agreement with Promoter Group: The execution of a Memorandum of Understanding (MOU) or Loan Agreement with promoter group members for the conversion of existing unsecured loans into equity shares received shareholder approval.

4. Equity Shares to Promoter Group: Shareholders approved the issuance of equity shares to certain promoter group members through the conversion of their unsecured loans via a preferential issue.

Meeting Participation and Voting Process

The EGM was conducted through video conferencing, adhering to modern corporate governance practices. Out of the company's 3,734 total shareholders on record, 25 attended the virtual meeting. The attendance breakdown was as follows:

Mrs. Padma Loya served as the scrutinizer for the meeting, overseeing the voting process. The e-voting was conducted from October 22 to October 24, 2023, ensuring a fair and transparent decision-making process.

Implications for Royal Cushion Vinyl Products

The approval of these resolutions marks a significant step for Royal Cushion Vinyl Products Limited. The increase in authorized share capital and the preferential issues to both private investors and promoter group members could potentially strengthen the company's financial position. Moreover, the conversion of unsecured loans to equity may help in restructuring the company's debt, potentially improving its balance sheet.

These corporate actions suggest that Royal Cushion Vinyl Products is taking strategic steps to optimize its capital structure and possibly prepare for future growth initiatives. Shareholders and market observers will likely be keen to see how these approved measures translate into operational and financial performance in the coming quarters.

Royal Cushion Vinyl Products Limited has announced the appointment of Ms. Sarita Khamwani as its new Company Secretary and Compliance Officer, effective August 04, 2025. The appointment, disclosed in a regulatory filing, marks a significant addition to the company's leadership team.

Key Highlights of the Appointment

• Effective Date: August 04, 2025
• Position: Company Secretary and Compliance Officer
• Appointee: Ms. Sarita Khamwani (Membership No. A26838)

Professional Background

Ms. Khamwani brings a wealth of experience to her new role at Royal Cushion Vinyl Products:

• Qualifications: Qualified Company Secretary and Law Graduate
• Experience: Over 15 years in secretarial and compliance functions
• Sector Expertise: Manufacturing, Infrastructure, Finance, Trading, and Services
• Specialization: In-depth expertise in IPO-related compliances

Appointment Details

The appointment was announced by Mr. Jayesh Motasha, Director of Royal Cushion Vinyl Products Limited. According to the company's disclosure, Ms. Khamwani has no relationship with the existing directors, ensuring an independent perspective in her role.

Company Information

Royal Cushion Vinyl Products Limited, with its CIN L24110MH1983PLC031395, is headquartered at "Shlok" 60 – CD, Govt. Industrial Estate, Charkop, Kandivali (W), Mumbai. The company's factory is located in Vadodara, Gujarat, indicating its presence in the manufacturing sector.

Regulatory Compliance

This appointment has been made in accordance with Regulation 30 read with Schedule III Part A of Securities Exchange and Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed the BSE Limited of this significant change in its key managerial personnel.

The addition of Ms. Khamwani, with her extensive experience and expertise, particularly in IPO-related compliances, suggests that Royal Cushion Vinyl Products is strengthening its corporate governance and compliance framework. This move could potentially signal the company's preparedness for future growth and regulatory challenges in the dynamic business environment.