Rathi Bars Limited has issued a notice for its 33rd Annual General Meeting (AGM), scheduled for September 17, 2026. The meeting will be conducted via video conference, transacting key business including the adoption of financial statements, reappointment of a director, appointment of a new non-executive independent director, and ratification of cost auditor remuneration. Significant resolutions also pertain to material related-party transactions with Rathi Special Steels Limited and Bhiwadi Iron Private Limited, each proposed up to ₹100 crores annually.
Rathi Bars Announces 33rd Annual General Meeting
Rathi Bars Limited has formally announced its 33rd Annual General Meeting (AGM) to be held on Thursday, September 17, 2026. The meeting will commence at 12:00 Noon IST and will be conducted entirely through video conferencing (VC) or other audio-visual means (OAVM), as permitted by recent regulatory circulars. The company aims to ensure maximum participation of its members by leveraging these virtual platforms.
Key Agenda Items
The AGM’s agenda includes several critical business items. Under Ordinary Business, shareholders will vote on the adoption of the Audited Standalone Financial Statements for the financial year ended March 31, 2026, along with the reports from the Board of Directors and Auditors. Furthermore, Mr. Uddhav Rathi is proposed for reappointment as a Whole-time Director, retiring by rotation.
Special Business includes the appointment of Mr. Sachindra Jha as a Non-Executive Independent Director for a term of five years, effective September 17, 2026. This appointment is based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval, aligning with SEBI Listing Regulations.
Ratification and Related Party Transactions
Shareholders will also be asked to ratify the remuneration of the cost auditors, M/s Avnesh Jain & Co., for the financial year ending March 31, 2027, set at ₹25,000/- plus applicable taxes and expenses. A significant part of the agenda involves approving material related-party transactions.
Two separate resolutions will seek approval for transactions with:
- Rathi Special Steels Limited: For an aggregate value of up to ₹100 crores during FY 2026-27, involving the sale/purchase of steel products.
- Bhiwadi Iron Private Limited: Similarly, for an aggregate value of up to ₹100 crores during FY 2026-27, for sale/purchase of steel products.
These related-party transactions are proposed to be conducted at arm’s length and in the ordinary course of business, with justifications citing the achievement of synergies and economies of scale. Both transactions require shareholder approval via ordinary resolution as per Section 188 of the Companies Act, 2013.
E-Voting and Meeting Access
The notice provides comprehensive instructions for remote e-voting, which will be open from September 14, 2026, 09:00 A.M. (IST) to September 16, 2026, 05:00 P.M. (IST). Shareholders are advised to update their contact details for seamless access to the e-voting facilities. The meeting can be joined via VC/OAVM starting 15 minutes prior to the scheduled start time on September 17, 2026.
Source: BSE
