AGM Details

The 20th Annual General Meeting of Ratnabhumi Developers Limited is scheduled to be held on Friday, 14th August 2026 at 11:00 A.M. IST through Video Conferencing (VC) and Other Audio-Visual Means (OAVM).

Ordinary Business Items

Item 1: Adoption of Financial Statements

To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 along with the Reports of the Board of Directors and Auditors (unmodified opinion).

Item 2: Reappointment of Director

To appoint Mrs. Rinni Kaivan Shah (DIN: 07368796) who retires by rotation and, being eligible, offers herself for re-appointment as an Ordinary Resolution.

Special Business Items

Item 3: Approval of Related Party Transactions

To approve Material Related Party Transactions with seven related parties with aggregate maximum values as follows:

Related Party Transactions Details:

  • Mr. Kaivan Shah: Unsecured loan up to ₹60 crore at interest rate up to 9% p.a., repayable on demand
  • Mrs. Rinni Shah: Unsecured loan up to ₹20 crore at interest rate up to 9% p.a., repayable on demand
  • Ratnabhumi Techno Engg Private Limited: Purchase of raw materials and finished goods up to ₹50 crore
  • Ratnabhumi Buildspace LLP: Construction and development contracts up to ₹400 crore
  • Raivat Projects LLP: Loans/guarantees/investments up to ₹200 crore at interest rate up to 9% p.a.
  • Ratnamani Buildspace LLP: Loans/guarantees/investments up to ₹100 crore at interest rate up to 9% p.a.
  • Ratnabhumi Buildspace LLP: Loans/guarantees/investments up to ₹200 crore at interest rate up to 9% p.a.

Total Maximum Value: ₹1,030 crore

Nature of Relationships:

  • Mr. Kaivan Shah and Mrs. Rinni Shah are Directors of the company
  • Ratnabhumi Techno Engg Private Limited is a Subsidiary Company
  • Other entities are LLPs where Mr. Kaivan Shah is Designated Partner or the company is a partner with varying contribution percentages (68% in Raivat Projects LLP, 28.34% in Ratnamani Buildspace LLP)

Item 4: Reappointment of Independent Director

To reappoint Mrs. Avani Rohit Sanghavi (DIN 09156980) as Non-executive Independent Director for a second term of five consecutive years from 07th June 2026 to 06th June 2031 through a Special Resolution.

Remuneration: Sitting fees payable up to ₹1,00,000 per annum for attending board meetings, committee meetings, and general meetings.

Background: Mrs. Sanghavi was first appointed as Independent Director in the 15th AGM held on 16th September 2021, and her first term completes on 06th June 2026.

Voting Information

Record Date: 07th August 2026

Remote e-Voting Period: Begins on Tuesday, 11th August 2026 at 09:00 A.M. and ends on Thursday, 13th August 2026 at 05:00 P.M. through NSDL platform.

Scrutinizer: Ms. Insiya Nalawala, Practicing Company Secretary (Membership No. FCS 13422) appointed to scrutinize the e-voting process.

Document Distribution

The AGM Notice is being sent electronically to members who have registered their email addresses. The notice is available on the company's website www.ratnacorp.com and stock exchange websites.