Ratnaveer Precision Engineering to hold 24th AGM on September 26, 2026
Ratnaveer Precision Engineering will hold its 24th AGM on September 26, 2026, via VC/OAVM. Key agenda items include approving FY26 financial statements, re-appointing directors and auditors, and increasing borrowing limits to ₹1500 Crores. Mrs. Seema Sanghavi's appointment as Whole-time Director for five years is also on the agenda.
The AGM agenda includes significant proposals such as increasing borrowing limits and creating charges on assets, which could have a material impact on the company's financial structure and operations. The appointment of a new whole-time director is also a key governance event.
The announcement is a routine corporate event (AGM notice) and does not contain any specific financial performance indicators or strategic decisions that would warrant a positive or negative sentiment. It's primarily informational.
Ratnaveer Precision Engineering Limited has announced its 24th Annual General Meeting (AGM) will be held on Saturday, September 26, 2026, at 12:00 noon IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting agenda includes the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026. Shareholders will also vote on the reappointment of Mr. Vijay Ramanlal Sanghavi as a director and the re-appointment of M/s. Pankaj R Shah & Associates as Statutory Auditors for a second term of five consecutive years.
Further, the AGM will seek approval to increase the company's borrowing limits from ₹900 Crores to ₹1500 Crores. Shareholders will also vote on creating a mortgage and charge on the company's movable and immovable properties to secure borrowings within this increased limit. Additionally, the appointment of Mrs. Seema Sanghavi as a Whole-time Director (Executive Director) for a period of five years, effective August 20, 2026, with a remuneration of up to ₹1,25,000 per month, will be proposed for ratification.
The company has also provided detailed instructions for e-voting, which will commence on September 23, 2026, at 9:00 a.m. IST and conclude on September 25, 2026, at 5:00 p.m. IST. The cut-off date for e-voting is September 19, 2026. The annual report and notice of AGM have been uploaded to the company's website and are available on the stock exchanges' websites.
A plain-language summary of a public exchange filing by Ratnaveer Precision Engineering Limited. Read the original for the full detail.