RCC Cements Members Approve Director Appointments and Business Expansion
RCC Cements Ltd held an Extraordinary General Meeting (EGM) on July 17, 2026, where members approved several key resolutions. These include the adoption of new Memorandum and Articles of Association aligned with the Companies Act, 2013, and SEBI Listing Regulations. Notably, the company's object clause was altered to enable expansion into consumer electronics, mobile phones, and related products. The appointments of Mr. Faizal Bavaraparambil Abdul Khader as Non-Executive Non-Independent Director and Mr. Shatrughan Sahu as Non-Executive Independent Director were regularized. Additionally, members approved enhanced borrowing powers up to ₹200 crore and investment/loan/guarantee powers up to ₹50 crore under relevant Companies Act sections.
Key Highlights
- EGM approved new MoA and AoA aligned with Companies Act, 2013.
- Company to expand into consumer electronics and mobile product lines.
- New directors appointed: Faizal Bavaraparambil Abdul Khader and Shatrughan Sahu.
- Borrowing powers increased to ₹200 crore.
- Investment and loan powers enhanced to ₹50 crore.
Price Impact
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