Rapid Investments Ltd

AGM details

• AGM held 22 Sep 2026 at 09:00 IST in Mumbai.
• Remote e-voting from 19-21 Sep 2026; poll at AGM.
• Venue: 309, Pioneer Industrial Estate, Subhash Road, Jogeshwari (E), Mumbai.
• Shareholders on record: 568; voting conducted via e-voting and on-site poll.

Resolutions and voting outcomes

• Resolution 1: Audited financial statements for year ended 31 March 2026 adopted.
• Resolution 2: Reappointment of Kanishk Ranka as director.
• Resolution 3: Nina Ranka reappointed as Managing Director from Aug 13, 2026 to Aug 12, 2031.
• Resolution 4: Reappointment of M/s NNK & Co. as statutory auditors for four years.
• Resolution 5: Regularize Arun Jain's appointment for five years from Aug 13, 2026.
• Overall voting: total votes polled 1,924,085; in favour 1,924,082; against 3.

AGM Details

• AGM held 22 September 2026 at 309 Pioneer Industrial Estate, Jogeshwari (E), Mumbai.
• Physical meeting with e-voting facility; e-voting from 19 to 21 September 2026.

Key Resolutions

• Item 1 (Ordinary): Adoption of Audited Financial Statements for year ended 31 March 2026.
• Item 2 (Ordinary): Reappointment of Kanishk Ranka on rotation.
• Item 3 (Special): Re-appointment of Nina Ranka as Managing Director, Aug 13, 2026 to Aug 12, 2031.
• Item 4 (Ordinary): Re-appointment of NNK & Co. as statutory auditors for four years.
• Item 5 (Special): Regularize Arun Jain as Chairman and Managing Director for five years.

Voting Results

• Item 1 passed: 16 in favour, 3 against.
• Item 2 passed: 16 in favour, 3 against.
• Item 3 passed: 16 in favour, 3 against.
• Item 4 passed: 16 in favour, 3 against.
• Item 5 passed: 16 in favour, 3 against.

Auditor Appointments

• Statutory auditors reappointed for four-year term; remuneration not disclosed.

Dividend

• Dividend not proposed or disclosed at the AGM.

AGM details

• AGM held 22 Sep 2026 at 09:00 a.m. IST, physical mode at 309, Pioneer Industrial Estate, Jogeshwari (E).
• Meeting concluded at 09:15 a.m. IST.

Key resolutions

• Ordinary: Adopt Audited Financial Statements for year ended 31 March 2026.
• Ordinary: Reappoint director retiring by rotation (Kanishk Ranka).
• Special: Re-appoint Nina Ranka as Managing Director (Aug 13, 2026–Aug 12, 2031).
• Special: Re-appoint M/s. NNK & Co. as Statutory Auditors for four years.
• Special: Regularize Arun Jain for five-year term (Aug 13, 2026–Aug 12, 2031).

Voting results

• Resolution 1 (Ordinary): Outcome not disclosed; results to be declared after Scrutinizer report.
• Resolution 2 (Ordinary): Outcome not disclosed; results to be declared after Scrutinizer report.
• Resolution 3 (Special): Outcome not disclosed; results to be declared after Scrutinizer report.
• Resolution 4 (Special): Outcome not disclosed; results to be declared after Scrutinizer report.
• Resolution 5 (Special): Outcome not disclosed; results to be declared after Scrutinizer report.

Director & management changes

• Kanishk Ranka retires by rotation; reappointment proposed.
• Nina Ranka to continue as Managing Director (Aug 13, 2026–Aug 12, 2031).
• Arun Jain regularized as director for five-year term (Aug 13, 2026–Aug 12, 2031).

Auditor appointments

• M/s. NNK & Co. reappointed as Statutory Auditors for four consecutive years.

AGM & Annual Report Access

• Notice issued for 48th AGM on 22 September 2026 at 9:00 AM IST, Mumbai.
• AGM to be held in physical mode; venue: Pioneer Industrial Estate, Jogeshwari (E), Mumbai.
• Unregistered-email shareholders were sent a web link to access the Annual Report.
• Annual Report FY2025-26 and AGM Notice available via company website.
• Weblink to Annual Report path provided; email registration cut-off: 21 Aug 2026.
• RTA MUFG Intime India Private Limited contact details provided.
• Encourages shareholders to update registered email to receive future communications.
• Regulatory note: compliance with SEBI LODR Regulation 36(1)(b) referenced.

Financial highlights

• Total income: 236.99 lakh in FY2025-26, up from 196.77.
• Revenue from operations: 193.90 lakh; other income: 43.09.
• Profit before tax: 21.27 lakh; current tax: 5.30; tax adjustment: 0.08.
• Profit after tax: 5.38 lakh; down from 11.75 last year.
• Earnings per share: Basic and diluted 0.00.
• No dividend declared for the year.
• Net cash from operating activities: (183.90); investing: 191.78; financing: (0.08).
• Rights issue proceeds: 839.74; completed in Oct 2024.
• NBFC license revived; pursuing NBFC and advisory growth.

Capital structure & liquidity

• Equity capital: 214.97 lakh across 2,149,744 shares.
• Promoter holdings: Reliable Holdings 30.92%, Nina Ranka 13.80%.
• Gearing is negative; net debt is (9.78) against equity 1,128.65.
• Loans (gross): 1,405.79; impairment reserve 22.52.
• Investments: 760.32; mutual funds holdings.
• Cash & cash equivalents: 9.78.

Assets & operations

• Total assets: 2,192.71; total equity: 1,128.65.
• Term loans: 1,428.31; impairment: 22.52; net loans: 1,405.79.
• Investments include mutual funds; gains on sale recorded in Other Income.
• Total liabilities include 1,046.85 other financial liabilities and provisions.
• Internal controls: adequate; internal audit reports reviewed by Audit Committee.

Governance & management

• Board size four: Nina Ranka (MD); Madhura Ghadi and Jitendra Nigam (ID); Kanishk Ranka (ED).
• Arun Jain appointed Independent Director for five years from Aug 13, 2026.
• Auditors: M/s NNK & Co reappointed for four years; Secretarial Auditor: Pankaj S Desai.
• Independent directors met on 12.02.2026 to discuss performance.
• Green initiative: paperless governance; e-communications to members.

Related parties & compliance

• Related party transactions are arm's length; include director salary and inter-company loan with Veritas Buildtech.
• Annexure A discloses related party contracts; no off-cycle material items noted.
• Secretarial audit flagged minor non-compliances with SS-1/SS-2/SS-5; remedial steps planned.

Risk & outlook

• Credit risk is high due to loan recoveries; NBFC exposure warrants careful credit profiling.
• NBFC license revival expands lending, advisory, and funding opportunities.
• Competition in NBFC space remains a key risk; management focuses on risk management framework.

Outlook & capital actions

• Outlook remains positive post-RBI NBFC license revival; growth in lending and financial advisory expected.
• Rights issue completed in 2024; potential additional capital raises to support growth.

Board meeting outcomes

• Unaudited standalone Q1 FY2026 results presented with Limited Review Report.
• Recommended re-appointment of Kanishk Ranka (DIN 06967647) at the ensuing AGM.
• Approved re-appointment of Nina Ranka as MD for five years from Aug 13, 2026.
• Approved re-appointment of M/s NNK & Co. as statutory auditors for four years.
• Appointed Arun Jain as Independent Director for five-year term, subject to AGM approval.
• Approved Director's Report and Notice of 48th AGM.
• Register/Transfer Books close from 16 to 22 September 2026.
• Appointed Pankaj S. Desai as Scrutinizer for E-voting at AGM.
• Annexure IV: Cessation of Independent Director Jitendra Nigam effective Aug 12, 2026.
• Appointed Neel Kumar Jain as Internal Auditor for 2026-27.

Director/KMP changes

• Appointment of Mr. Arun Jain as Independent Director, effective 13 Aug 2026, for five years.
• Re-appointment of Mrs. Nina Ranka as Managing Director for five years from 13 Aug 2026, subject to approval.
• Director Kanishk Ranka to retire by rotation; eligible for re-appointment at the ensuing AGM.

Director / KMP changes

• Re-appointment of Kanishk Ranka as Director (retiring by rotation) to be considered at the ensuing AGM.
• Nina Ranka re-appointed as Managing Director for five years from August 13, 2026, subject to AGM approval.
• Arun Jain appointed as Independent Director (Additional) effective August 13, 2026; a five-year term, subject to AGM approval.
• Nina Ranka is mother of Kanishk Ranka.

AGM calendar

• Subject: Calendar for 48th AGM; includes e-voting option for Company members.