StockWatch
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Residential- Commercial Projects
AGM/EGM30 Sept 2026, 04:09 pm

Rainbow Foundations Ltd Approves All Resolutions at AGM

AI Summary

Rainbow Foundations Ltd held its 32nd Annual General Meeting (AGM) on September 30, 2026, where all proposed resolutions were considered and approved by the members. Key approvals included the adoption of financial statements, the re-appointment of a director retiring by rotation, and the appointment of Mr. Nitesh Jain as Executive Director & Chief Financial Officer. The AGM also approved the appointment of Mrs. Varsha Namra Paun as an Independent Director, the reclassification of authorized share capital, and the remuneration for several key managerial personnel including Mr. Gajraj Jain, Mr. Anop Chand Jain, Mr. Navin Jain, and an increase in remuneration for Mr. Ashish Jain.

Key Highlights

  • All resolutions approved at the 32nd AGM.
  • Financial statements adopted, including consolidated audited financials.
  • New appointments and re-appointments of directors confirmed.
  • Remuneration for key management personnel approved.
  • Capital structure alteration approved.