RCC Cements Diversifies into Consumer Electronics

RCC Cements Ltd announced a significant strategic shift, with its Board of Directors approving the adoption of a new line of business in the consumer electronics sector. This diversification includes mobile phones, accessories, computer hardware, and allied products. The company will also be altering its Memorandum of Association (MOA) and Articles of Association (AOA) to reflect this change, subject to shareholder approval. Additionally, the board approved increased borrowing powers up to ₹200 crore and investment/loan powers up to ₹50 crore, along with the appointment of two new directors.