Event Details

Rhetan TMT Limited will hold its 42nd Annual General Meeting (AGM) on Wednesday, September 16, 2026 at 03:30 P.M. IST through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting is being convened pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ordinary Business Items

1. Adoption of Financial Statements

Resolution to receive, consider and adopt the Audited Standalone financial statements for the year ended March 31, 2026, including Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, and reports of Board of Directors and Statutory Auditors. This is proposed as an Ordinary Resolution under Sections 129 and 134 of Companies Act, 2013.

2. Re-appointment of Mr. Ashok C. Shah

Re-appointment of Mr. Ashok C. Shah (DIN: 02467830) as Non-Executive Director who retires by rotation. Proposed as Ordinary Resolution under Section 152 of Companies Act, 2013. Mr. Shah holds 7,500,375 shares in the company and has served since June 26, 1984.

3. Re-appointment of Statutory Auditors

Re-appointment of M/s. GMCA & Co., Chartered Accountants (FRN: 109850W) as Statutory Auditors for a second term of 5 consecutive years from conclusion of 42nd AGM until conclusion of 47th AGM for FY 2030-31. Remuneration to be determined by Audit Committee/Board. Proposed as Ordinary Resolution.

Special Business Items

4. Re-appointment of Managing Director

Re-appointment of Mr. Shalin Ashok Shah (DIN: 00297447) as Managing Director for five years from January 08, 2027 to January 07, 2032 without any remuneration. Proposed as Special Resolution under Sections 196, 197, 198, 203 read with Schedule V of Companies Act, 2013. Mr. Shah holds 45,037,500 shares and has served since June 26, 1984.

5. Appointment of Independent Director

Appointment of Mrs. Jhanvi Vikas Sethi (DIN: 08593000) as Non-Executive Independent Director for five years from August 12, 2026 to August 11, 2031. Proposed as Special Resolution. Mrs. Sethi has over 20 years of experience in stock market and finance sector and holds no shares in the company.

6. Increase in Borrowing Limits

Increase borrowing limits under Section 180(1)(c) of Companies Act, 2013 from ₹200 crore to ₹300 crore over and above aggregate of paid-up share capital, free reserves and securities premium. Temporary loans from bankers excluded from this limit. Proposed as Special Resolution.

7. Increase in Investment/Loan/Guarantee Limits

Increase limits under Section 186 of Companies Act, 2013 from ₹200 crore to ₹300 crore for loans, guarantees, securities, and investments in other body corporates, over and above the statutory limits of 60% of paid-up capital + free reserves + securities premium or 100% of free reserves + securities premium. Proposed as Special Resolution.

8-12. Material Related Party Transactions

Approval for material related party transactions with five entities for FY 2027-28, each capped at ₹150 crore:

  • Ashoka Metcast Limited (AML)
  • Ashnisha Industries Limited (AIL)
  • Lesha Industries Limited (LIL)
  • Gujarat Natural Resources Limited (GNRL)
  • Lesha Ventures Private Limited (LVPL)

Transactions cover: sale/purchase/lease/supply of goods/equipment; procurement/rendering of services; transfer of resources/services/obligations; availing/advancing inter-corporate loans/borrowings.

Key Financial Information from Explanatory Statement

Related Party Transaction Details (FY 2025-26):

  • Ashnisha Industries Limited: Purchases ₹698.83 lakh, Sales ₹272.19 lakh, Closing balance ₹591.60 lakh
  • Lesha Industries Limited: Purchases ₹548.01 lakh, Sales ₹0.00 lakh, Closing balance ₹63.06 lakh
  • Ashoka Metcast Limited: Purchases ₹216.12 lakh, Sales ₹108.24 lakh, Closing balance ₹67.58 lakh
  • Inter-corporate borrowings: Ashnisha ₹32.90 lakh (balance ₹180.21 lakh), Ashoka Metcast ₹2,010.40 lakh (balance ₹2,693.60 lakh)

Current Year Transactions (April 1, 2025 to August 30, 2026):

  • Ashoka Metcast: Loan taken ₹1.655 crore, Loan repaid ₹15.90 crore, Sales ₹1.356 crore
  • Ashnisha Industries: Purchases ₹0.724 crore, Sales ₹0.930 crore
  • Lesha Industries: Loan given ₹1.718 crore

Shareholding Patterns:

  • Ashoka Metcast Limited holds 44,24,60,625 equity shares (55.52% of paid-up capital) in Rhetan TMT
  • Lesha Ventures Private Limited holds 375 equity shares in Rhetan TMT
  • Rhetan TMT holds 1,455,840 equity shares in Ashnisha Industries Limited
  • Rhetan TMT holds 8,08,000 equity shares in Gujarat Natural Resources Limited

Voting and Meeting Logistics

  • Record Date: September 9, 2026
  • Register Closure: September 10-16, 2026 (both days inclusive)
  • Remote e-voting period: September 13, 2026 (9:00 AM) to September 15, 2026 (5:00 PM)
  • Scrutinizer: Mr. Chintan K. Patel, Practicing Company Secretary
  • e-Voting Agency: Central Depository Services (India) Limited (CDSL)
  • The AGM will be held through VC/OAVM with facility for at least 1000 members on first-come-first-served basis

Additional Information

  • Company Registered Office: Corporate House-2, Anam-2, Iscon Ambli BRTS Road, Nr. Vakil Saheb Bridge, Ambli, Ahmedabad-380058, Gujarat
  • Factory: Survey no. 325, Karannagar, Kadi-Kalol Road, Taluka Kadi, Dist. Mehsana, Gujarat-382715
  • Company Email: rhetantmt@gmail.com
  • Company Phone: +91 6358028105

The notice includes detailed instructions for e-voting and virtual meeting participation through CDSL and depository participants for both demat and physical shareholders.