Rasi Electrodes Ltd

AGM Details

• Date and time: 28 September 2026, 9:30 AM; mode: VC/OAVM.
• Record date: 21 September 2026.
• Voting period: 24–27 September 2026.

Key Resolutions

• Resolution 1 (Ordinary): Adoption of Audited Financial Statements for year ended 31 March 2026.
• Resolution 2 (Ordinary): Declaration of dividend of Re. 0.20 per share.
• Resolution 3 (Ordinary): Re-appointment of Payal Jain by rotation.
• Resolution 4 (Ordinary): Appointment of S Harikrishnan as Secretarial Auditor for five years.

Voting Results

• Resolution 1 passed with requisite majority.
• Resolution 2 passed with requisite majority.
• Resolution 3 passed with requisite majority.
• Resolution 4 passed with requisite majority.

Dividend

• Dividend declared: Re 0.20 per share.

Director Changes

• Payal Jain re-appointed as director by rotation.

Auditor Appointments

• Secretarial Auditor appointed: S Harikrishnan for five years; remuneration not disclosed.

Material Related Party Transactions

• No material related party transactions approved.

Other Material Approvals

• No other material approvals disclosed.

AGM Details

• Date/Time: 28 September 2026, 9:30 AM; Mode: VC/OAVM.
• Record Date: 21 September 2026.
• Voting window: 24–27 September 2026.

Resolutions & Outcomes

• Adoption of Audited Financial Statements for year ended 31 March 2026 — Ordinary; Passed.
• Declaration of dividend of Re 0.20 per share (10%) — Ordinary; Passed.
• Re-appointment of retiring director Payal Jain by rotation — Ordinary; Passed.
• Appointment of Mr S Hari Krishnan as Secretarial Auditor for five years — Ordinary; Passed.

Dividend Details

• Dividend approved: Re 0.20 per share (10%).

Director Changes

• Re-appointment by rotation of Mrs Payal Jain (DIN 07181548).

Auditor Appointments

• Secretarial Auditor: Mr S Hari Krishnan appointed for five years; remuneration not disclosed.

AGM highlights

• 32nd AGM held on 28 September 2026 with electronic voting facility provided by LDSL.
• Six directors attended the AGM, with chairs of Audit, Nomination & Remuneration, and Stakeholders Relationship Committees present.
• Four ordinary resolutions were proposed and to be finalised after EVoting, per Scrutiniser.
• Adoption of audited financial statements for the year ended 31 March 2026.
• Declaration of dividend of Rs 0.20 per share (10%) for the year ended 31 March 2026.
• Re-appointment of retiring director on rotation.
• Appointment of practising company secretary as Secretarial Auditor for five years.
• EVoting results will be known only after close of AGM and finalisation by Scrutiniser.

Additional details

• Board meeting to approve unaudited results for period ended 30 Sep 2026 on or before 14 Nov 2026.
• PAN and demat freeze to restrict trading during the window set up by 01 Oct 2026.

AGM & Governance actions

• 32nd AGM scheduled for 28 September 2026 via VC/OAVM.
• Audited financial statements for year ended 31 March 2026 to be approved.
• Dividend proposed: Rs 0.20 per share; record date 21 September 2026; payment by 27 October 2026.
• Payal Jain to be re-appointed as Director on retirement by rotation.

Secretarial Auditor & related approvals

• Secretarial Auditor appointed: S Hari Krishnan for five years from the 32nd AGM to the 37th.
• Annual remuneration for Secretarial Auditor fixed at Rs 2.0 lakhs per annum.
• Postal ballot approvals include appointment of Secretarial Auditor and related party contract with Kashyap Wire Products for up to five years.

Material related party contracts & solar project

• Long-term related party contract with Kashyap Wire Products for wire drawing and materials.
• Estimated annual value around Rs 300–350 lakhs; Rs 146.35 lakhs paid in FY2025-26 for wire drawing.
• Solar power plant trial: 100 kW; Rs 32.63 lakhs; start expected in H1 FY2026-27.

Dividend record date details

• Record date for dividend at the 32nd AGM.
• Security: equity shares.
• Record date: 21 September 2026.
• AGM date: 24 September 2026.
• Dividend: 10% of Rs 2 face value per share.
• Dividend payable on or before 27 October 2026.
• Book closure: 22 September 2026 to 28 September 2026.
• Electronic voting cutoff: 21 September 2026, 5:00 PM.
• AGM through Video Conferencing or VC.

AGM details

• 32nd AGM to be held via video conferencing and other visual means.
• Electronic voting available; EVSN 260817015.
• Dividend on equity shares payable to eligible shareholders by 27 Oct 2026; record date 21 Sep 2026.
• EVoting window opens 10:00 AM Sep 24; closes Sep 27.

Financial highlights

• Q1 FY27 revenue from operations (net) ₹1,763.57 lakhs.
• Q1 FY27 total revenue ₹1,793.89 lakhs.
• Q1 FY27 net profit ₹133.45 lakhs.
• Year ended 31-Mar-2026 revenue from operations ₹7,201.80 lakhs.
• Year ended 31-Mar-2026 total revenue ₹7,380.95 lakhs.
• Year ended 31-Mar-2026 net profit ₹351.57 lakhs.
• Dividend proposed ₹0.20 per share.
• Welding Electrodes and Wires identified as sole primary segment; no separate segment info.
• Results reviewed by Audit Committee and approved by Board on 14 August 2026.

Dematerialisation/rematerialisation status

• Dematerialisation requests were confirmed (accepted/rejected) and securities listed on the exchanges.
• Certificates for dematerialisation were mutilated and cancelled, and the depository's name substituted as registered owner within time limit.