Royal India Corp announced the outcomes of its board meeting held on January 12, 2025, which commenced at 5:00 PM and concluded at 6:00 PM. The meeting resulted in several significant corporate decisions that will require shareholder approval through a postal ballot process.

MOA Alteration for Business Expansion

The board approved substantial alterations to the object clause of the company's Memorandum of Association to align with proposed business dynamics. The changes include adding two major new business verticals to the existing main objects.

The first addition focuses on nuclear, thermal, and renewable energy utilities, encompassing:

• Training and advisory services for energy facilities
• Establishment of innovation centers and R&D activities
• Development of educational programs in science, engineering, and management
• Research laboratories and simulation capabilities for reactor technologies
• Digital twins, cyber security, artificial intelligence, and robotics projects
• Multilingual educational content and e-learning platforms

The second addition centers on CBRN (Chemical Biological Radiological Nuclear) services, including:

• Detection, monitoring, protection, and decontamination solutions
• Design and development of CBRN defense technology and equipment
• Consulting, training, and education services
• Customized strategies for CBRN threats and risks
• Assistance in dealing with CBRN attacks and incidents

Board Composition Changes

The board made two key appointments requiring shareholder approval. Mr. Ikerath Joseph Sam (DIN: 00089946) has been recommended for appointment as a director for a five-year term effective from November 14, 2025. This appointment follows SEBI regulations requiring shareholder approval within three months of appointment or at the next general meeting, whichever is earlier.

Additionally, based on the Nomination and Remuneration Committee's recommendation, the board re-appointed Mr. Jinesh Mehta (DIN: 05226043) as a Non-executive Independent Director for a second consecutive five-year term beginning May 16, 2026, upon expiry of his current term.

Postal Ballot Approval Process

The board approved conducting a postal ballot to seek shareholder approval for all agenda items discussed in the meeting. The draft postal ballot notice has been approved and will be issued to shareholders for their consideration and voting on the proposed changes.

The meeting was signed off by Mr. Nitin Gujral, Managing Director (DIN: 08184605), with the company maintaining its registered office at Vertu Tower, Wadala Market, Mumbai. These strategic moves indicate the company's intention to diversify into specialized technology and energy sectors while strengthening its board composition.

Royal India Corporation Limited has announced a strategic partnership with JSC ETCGET, a subsidiary of Rosatom Service JSC, through a Memorandum of Understanding (MOU). This collaboration marks a significant development in the company's expansion into the nuclear and renewable energy sectors through international cooperation with a Russian nuclear energy subsidiary.

Partnership Scope and Focus Areas

The MOU encompasses comprehensive service areas designed to strengthen capabilities in the energy sector, including:

• Education services
• Training programs
• Research initiatives
• Innovation development
• Product development
• Consulting services

These services will specifically target the nuclear, thermal, renewable energy, and utilities sectors, positioning the partnership to address critical needs in India's growing energy infrastructure.

Agreement Structure and Terms

The partnership details reveal a well-structured international collaboration with specific operational parameters:

The agreement provides flexibility for expansion, allowing both parties to broaden areas of cooperation, scope, and business objectives as opportunities arise. The MOU is governed by Hong Kong SAR common laws without recourse to conflict of law rules for arbitration and dispute resolution.

Strategic Objectives and Expected Benefits

Royal India Corporation Limited aims to leverage this partnership to establish unique utility management and operation training centers. The collaboration is expected to provide consulting and related services that will enhance the efficiency, capacity utilization, and productivity of nuclear, thermal, and renewable energy utilities both in India and international markets.

The company's rationale centers on addressing the growing demand for specialized expertise in energy sector operations and management. By partnering with a Rosatom subsidiary, Royal India Corporation gains access to advanced nuclear energy technologies and operational methodologies developed by one of the world's leading nuclear energy organizations.

Regulatory Compliance and Disclosure

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015. The company filed the disclosure with BSE Limited, where its shares trade under scrip code 512047.

The agreement does not involve any financial consideration, share exchange, or acquisition components. Royal India Corporation confirmed that this MOU does not fall within related party transactions, and no promoter or group companies have interests in the partnering entity, ensuring the arrangement maintains arm's length transaction standards.

This strategic partnership represents Royal India Corporation's commitment to expanding its service offerings in the energy sector while establishing international collaborations that can drive growth in both domestic and overseas markets.