Resourceful Automobile Ltd

AGM details

• AGM held on 11 August 2026 at 12:30 PM IST via VC/OVAM.
• Record date for voting: 04 August 2026.
• Meeting ended at 12:50 PM.

Resolutions and outcomes

• Resolution 1: Adopt audited financial statements; passed as Ordinary Resolution.
• Resolution 2: Reappointment of retiring director; passed as Ordinary Resolution.
• Resolution 3: Appoint Nahar V & Co as Statutory Auditors; passed.
• Resolution 4: Fill casual vacancy of Statutory Auditor; passed.
• Resolution 5: Remuneration exceeding Section 197 limits for MD; passed as Special Resolution.
• Resolution 6: Remuneration exceeding Section 197 limits for ED Megha Chawla; passed.
• Resolution 7: Remuneration exceeding Section 197 limits for NED Bindu Sawhney; passed.

Directors changes

• Director to replace retiring Bindu Sawhney; eligible for reappointment; passed.

Auditor appointments

• Statutory Auditors appointed: M/S Nahar V and Company.
• Casual vacancy filled; appointment for the same firm.

Remuneration approvals

• Remuneration exceeding limits approved for MD Rahul Sawhney.
• Remuneration exceeding limits approved for Megha Chawla.
• Remuneration exceeding limits approved for Bindu Sawhney.

AGM Details

• AGM held on 11 August 2026 at 12:30 PM IST via video conference/AV.
• Quorum verified; meeting commenced at 12:30 PM.

Resolutions

• Ordinary: Adoption of audited financial statements and reports.
• Ordinary: Reappointment by rotation of a director.
• Ordinary: Appointment of statutory auditors.
• Ordinary: Appointment to fill casual vacancy in statutory auditors.
• Special: Remuneration beyond Section 197 limits for Managing Director.
• Special: Remuneration beyond Section 197 limits for Executive Director.
• Special: Remuneration beyond Section 197 limits for Non-Executive Director.

Financial performance

• Revenue from operations ₹2,625.91 lakh; up from ₹2,099.86 lakh.
• PAT ₹151.01 lakh; EPS ₹5.69.
• CFO negative ₹811.65 lakh; year-end cash ₹103.40 lakh; financing inflow ₹569.60 lakh.

Business operations

• Yamaha two-wheeler dealership under Sawhney Automobile.
• New showroom inaugurated 17 July 2025 at Tilak Nagar, New Delhi.
• Single-segment business with strong online presence and after-sales service.

Capital structure & liquidity

• Share capital ₹265.59 lakh; authorized ₹12 crore.
• Issued 10,24,800 new shares; total outstanding 26,55,945.
• IPO raised ₹11.99 crore in 2024-25.
• End-year cash ₹103.40 lakh; current ratio 2.92; debt-to-equity 0.30.

Governance & board matters

• Board as on 31-03-2026: Rahul Sawhney (MD); Megha Chawla (ED); Bindu Sawhney (NED); Punita Gupta; Dinesh Durgani; CFO Vikas Bhatia; CS Shilpi Shukla.
• Manju Verma resigned 30 May 2025; Punita Gupta appointed 30 May 2025.
• Board meetings held: 8 during the year.
• Remuneration limits approved for MD, ED, and NED; monthly ceilings: MD ₹8,33,300; ED ₹4,16,000; NED ₹4,16,000.

Audit, risk & compliance

• Statutory auditors M/s Nahar V & Co appointed for five years; prior auditors resigned.
• Secretarial auditor Prachi Bansal & Associates; Internal auditor A. Mishra & Associates.
• Material weakness in internal financial controls identified; remediation required.
• Pending litigations may impact financial position.

Outlook and risks

• Outlook: management optimistic about growth; expects more orders from committed customers.
• Risks: competition; GST and income tax arrears outstanding.
• CSR not applicable; POSH, whistleblower, and insider trading policies in place.

Book Closure Details

• Book closure period: 5 August 2026 to 11 August 2026 (inclusive).
• Purpose: Closure of register and transfer books for the 9th AGM.
• Record date: 4 August 2026; determines voting eligibility at the AGM.
• AGM date: 11 August 2026 at 12:30 PM IST via VC/OAVM.
• Security: Equity shares.
• Remote e-voting: 8 August 2026 9:00 AM to 10 August 2026 5:00 PM.

AGM Details

• 9th AGM scheduled for 11 August 2026 at 12:30 PM IST via VC/OAVM.
• Register of Members and share transfer books closed 5–11 August 2026 (inclusive).
• Record date fixed at 4 August 2026.

Resolutions

• Item 1 (Ordinary): Adopt audited standalone financial statements for year ended 31 March 2026.
• Item 2 (Ordinary): Re-appoint Mrs. Bindu Sawhney as Non-Executive Director.
• Item 3 (Ordinary): Appoint M/s Nahar V and Company as Statutory Auditors for five years.
• Item 4 (Ordinary): Appoint M/s Nahar V and Company to fill casual vacancy.
• Item 5 (Special): Approve MD Rahul Sawhney remuneration exceeding limits.
• Item 6 (Special): Approve ED Megha Chawla remuneration exceeding limits.
• Item 7 (Special): Approve NED Bindu Sawhney remuneration exceeding limits.

Auditors

• Item 3: Appoint M/s Nahar V and Company as Statutory Auditors for five-year term.
• Item 4: Appoint M/s Nahar V and Company to fill casual vacancy.

Directors

• Re-appointment of Mrs. Bindu Sawhney as Non-Executive Director (retiring by rotation).

Voting

• Voting results will be declared at the AGM; deemed passed subject to requisite votes.

Key decisions

• Board approved the Board Report and annexure for year ended 31 March 2026.
• Notice of the 9th AGM approved with date/time and calendar of events.
• Appointed M/s Sumit Bajaj & Associates as Scrutinizer for AGM remote voting.

Dematerialisation/rematerialisation status

• Details of dematerialised/rematerialised securities for quarter ended 30 June 2026 furnished by the RTA to stock exchanges.
• Certificate received from the RTA is enclosed with the filing.