Ratnaveer shareholders back key resolutions, including increased borrowing limits

Ratnaveer Precision Engineering Limited announced the results of its 23rd Annual General Meeting (AGM) held on Thursday, September 25, 2025, with all six proposed resolutions receiving shareholder approval. A total of 29,831,127 votes were polled, representing 56.23% of outstanding shares.

Key approvals included the adoption of the audited standalone financial statement for the year ended March 31, 2025, which garnered 99.9998% of votes in favour. Shareholders also ratified the remuneration payable to the cost auditor for the financial year ending March 31, 2026, with 99.9998% approval. The appointment of Ms. Binita Verdia as a director was approved with 99.9814% in favour.

Notably, a special resolution to increase borrowing limits from INR500 Crores to INR900 Crores (or the aggregate of paid-up capital and free reserves, whichever is higher) passed with a 99.9323% majority. A related special resolution to create a mortgage, charge, and hypothecation on movable and immovable properties of the company for borrowings also received 99.9323% approval. The appointment of secretarial auditors was approved with 99.9998% of votes in favour.