RBZ Jewellers to hold 18th AGM on Sep 10, 2026; approves borrowing limit hike
RBZ Jewellers will hold its 18th AGM on September 10, 2026. The company proposes to increase its borrowing limit to ₹750 crore and revise executive director remuneration. Mr. Rajendrakumar Zaveri's re-appointment as Director and Mr. Rajiv Nitin Mehta's re-appointment as Independent Director for a second term are also on the agenda.
The proposed increase in borrowing limits to ₹750 crore and the revision in executive remuneration are material changes. The AGM itself is a standard corporate event, but the decisions made regarding financial flexibility and executive compensation can have a medium-term impact on the company's operations and financial structure.
The announcement primarily concerns routine corporate governance matters such as the AGM, financial statement adoption, director re-appointments, and borrowing limits. While the borrowing limit increase and remuneration revision are significant, they are presented as standard business procedures and do not inherently indicate a positive or negative shift in the company's immediate outlook.
RBZ Jewellers Limited has announced its 18th Annual General Meeting (AGM) will be held on Thursday, September 10, 2026, at 11:00 a.m. through Video Conference (VC) / Other Audio Visual Means (OAVM). The company will also submit its Annual Report for the Financial Year 2025-26.
The AGM agenda includes the adoption of Audited Standalone Financial Statements for FY 2025-26, the Auditors' Report, and the Board of Directors' Report. Additionally, shareholders will vote on the re-appointment of Mr. Rajendrakumar Kantilal Zaveri as a Director, who is retiring by rotation.
Key special business items on the agenda include seeking shareholder approval to increase the company's borrowing limit to ₹750 crore (Rupees Seven Hundred Fifty Crores Only) and to create charges/mortgages on company properties for securing borrowings. This represents an increase from the previous limit of ₹500 crore.
The meeting will also address revisions to the remuneration of Executive Directors, Mr. Rajendrakumar Kantilal Zaveri (Chairman and Managing Director) and Mr. Harit Rajendrakumar Zaveri (Joint Managing Director and CFO). The proposed revisions include an increase in the ceiling limit of fixed monthly salary from ₹7,00,000 to ₹10,00,000 per month and an increase in the commission from 1% to 1.15% of net profits, effective from April 1, 2026.
Furthermore, the shareholders will vote on the re-appointment of Mr. Rajiv Nitin Mehta as an Independent Director for a second term of five years, commencing from June 30, 2027, up to June 29, 2032. His current term expires on June 29, 2027.
The cut-off date for determining shareholder eligibility for e-voting and attending the AGM is fixed as September 4, 2026. The remote e-voting period will commence from September 7, 2026, at 9:00 a.m. and conclude on September 9, 2026, at 5:00 p.m.
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RBZ Jewellers Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by RBZ Jewellers Limited. Read the original for the full detail.