RCC Cements to Hold EGM on July 17 for MOA/AOA, New Business
RCC Cements Ltd announced that its Board of Directors has approved convening an Extraordinary General Meeting (EGM) on July 17, 2026. The EGM will seek shareholder approval for adopting new Memorandum of Association (MOA) and Articles of Association (AOA) aligned with the Companies Act, 2013 and SEBI regulations. Additionally, shareholders will vote on adopting a new line of business in consumer electronics, mobile phones, and accessories, requiring alteration of the MOA's object clause. The Board also approved the appointment of Mr. Faizal Bavaraparambil Abdul Khader and Mr. Shatrughan Sahu as directors, and sought approval for enhanced borrowing powers up to ₹200 crore and investment/loan limits up to ₹50 crore under the Companies Act, 2013.
Key Highlights
- EGM scheduled for July 17, 2026, to approve MOA and AOA changes.
- Company to adopt new business lines in consumer electronics and mobile accessories.
- Shareholder approval sought for enhanced borrowing powers up to ₹200 crore.
- Board approved investments/loans up to ₹50 crore.
- Two new directors appointed, subject to shareholder approval.
Price Impact
More from RCCEMEN