Rasi Electrodes Limited has intimated The Stock Exchange, Mumbai about a scheduled Board of Directors meeting on Monday, June 29, 2026, at 12:15 PM. The meeting agenda includes two specific items:
Agenda Item 1: Scrutinizer Report and Postal Ballot Results
The Board will consider and take on record the Scrutinizer Report on the Postal Ballot Through Electronic Voting process that closed on June 27, 2026. The Board will also review the Chairman's Declaration of the Postal Ballot Results.
Agenda Item 2: Related Party Contract Approval
The Board will accord approval to an Agreement for entering into a long-term related party contract for providing Solar Power to M/s Kashyap Wire Products. This entity is a proprietorship where Mrs. Manjula Kothari (wife of the Managing Director) is the proprietrix.
The contract details:
- Duration: Five years
- Purpose: Exclusive use for wiredrawing of raw materials required by the company for its manufacturing operations
- Background: The company had already obtained shareholder approval for entering into this contract through Postal Ballot and Electronic Voting on March 31, 2026
- Current Purpose: Board approval is specifically for the terms of the agreement that have now been finalized
Additional Matters
The meeting may consider any other matter with the permission of the Chairman and Independent Directors.
Company Business
Rasi Electrodes Limited is a manufacturer and supplier of all grade welding electrodes, CO₂ welding wire, and drawn wire.