Board Meeting19 Jun 2026, 03:08 pm
RCC Cements Board Approves MOA/AOA, New Business Lines
AI Summary
RCC Cements Ltd's Board of Directors met on June 19, 2026, approving significant changes including a new Memorandum of Association (MOA) and Articles of Association (AOA), subject to shareholder approval. The company also approved venturing into consumer electronics, mobile phones, accessories, and computer hardware, altering its MOA object clause accordingly. Additionally, the Board appointed Mr. Faizal Bavaraparambil Abdul Khader as Non-Executive Non-Independent Director and Mr. Shatrughan Sahu as Non-Executive Independent Director. Borrowing powers were increased to ₹200 crore and investment/loan/guarantee powers were enhanced up to ₹50 crore, both subject to shareholder special resolutions.
Key Highlights
- Board approves new MOA and AOA, pending shareholder nod.
- Company to enter consumer electronics and mobile phone business.
- Two new directors appointed: one Non-Executive Non-Independent, one Independent.
- Borrowing powers increased to ₹200 crore.
- Investment and loan powers enhanced up to ₹50 crore.
Price Impact
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