RCC Cements Approves New MOA/AOA, Business Diversification

RCC Cements Ltd's Board of Directors has approved significant corporate actions, including the adoption of new Memorandum and Articles of Association aligned with the Companies Act, 2013 and SEBI regulations. The company also greenlit a diversification into consumer electronics, mobile phones, and accessories, requiring alteration of its MOA object clause. Key appointments were made: Mr. Faizal Bavaraparambil Abdul Khader as Non-Executive Non-Independent Director and Mr. Shatrughan Sahu as Non-Executive Independent Director. Furthermore, the Board approved enhanced borrowing powers up to ₹200 crore and investment/loan/guarantee powers up to ₹50 crore, subject to shareholder approval.