RIR Power Electronics 57th AGM Approves All Resolutions

Meeting Details

Date of Meeting: Tuesday, 29th September, 2026
Time: 4.30 p.m. (IST)
Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
Type of Meeting: 57th Annual General Meeting
Total Shareholders on Record Date: 60,526
Shareholders Attending Meeting: 33 public shareholders attended through VC/OAVM. No promoters/promoter group members attended in person or through proxy.

Summary of Proposed Resolutions

Eight resolutions were presented for shareholder approval:

1. Ordinary Resolution: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March, 2026 together with Reports of Board of Directors and Auditors.

2. Ordinary Resolution: To declare a dividend of ₹0.10 per equity share of ₹2 each for FY ended 31st March, 2026.

3. Ordinary Resolution: Re-appointment of Ms. Sonali Mehta (DIN: 10446751) as Director who retires by rotation.

4. Ordinary Resolution: Appointment of Mr. Ramesh Kumar Narasinghbhan (DIN: 08257872) as Director.

5. Special Resolution: Appointment of Mr. Ramesh Kumar Narasinghbhan as Managing Director and CEO and approval of his remuneration.

6. Special Resolution: Appointment of Mr. Vijay Anant Chavan (DIN: 10806293) as Non-Executive Independent Director.

7. Special Resolution: Appointment of Mr. Vivek Satishbhai Patel (DIN: 11746011) as Non-Executive Independent Director.

8. Special Resolution: Continuation of directorship of Dr. Harshad Mehta (DIN: 11173572) as Non-Executive, Non-Independent Director - Chairman post attaining age 75 years.

Voting Process and Methods

Remote E-voting Period: Saturday, 26th September 2026 (9:00 a.m.) to Monday, 28th September 2026 (5:00 p.m.)
E-voting During AGM: Conducted on Tuesday, 29th September 2026 during the meeting
Cut-off Date: Tuesday, 22nd September 2026
Service Provider: Central Depository Services (India) Limited (CDSL)
Voting System: https://www.evotingindia.com
Scrutinizer: Mrs. Neetu V. Agrawal, Proprietor of M/s. Neetu Agrawal & Co., Company Secretary in Practice

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

Total Votes Polled: 49,906,305 (62.7181% of outstanding shares)
In Favor: 49,768,165 (99.7232%)
Against: 138,140 (0.2768%)
Promoter Group: 44,762,400 votes (97.7261% of shares held), all in favor
Public Institutions: 4,464,987 votes (68.3544% of shares held), all in favor
Public Others: 678,918 votes (2.4927% of shares held), 540,778 in favor (79.6529%), 138,140 against (20.3471%)

Resolution 2: Dividend Declaration

Total Votes Polled: 49,906,305 (62.7181% of outstanding shares)
In Favor: 49,768,165 (99.7232%)
Against: 138,140 (0.2768%)
Promoter Group: 44,762,400 votes (97.7261% of shares held), all in favor
Public Institutions: 4,464,987 votes (68.3544% of shares held), all in favor
Public Others: 678,918 votes (2.4927% of shares held), 540,778 in favor (79.6529%), 138,140 against (20.3471%)

Resolution 3: Re-appointment of Ms. Sonali Mehta

Total Votes Polled: 5,143,905 (6.4644% of outstanding shares)
In Favor: 4,694,985 (91.2728%)
Against: 448,920 (8.7272%)
Promoter Group: 0 votes (0.00% of shares held)
Public Institutions: 4,464,987 votes (68.3544% of shares held), all in favor
Public Others: 678,918 votes (2.4927% of shares held), 229,998 in favor (33.8771%), 448,920 against (66.1229%)

Resolution 4: Appointment of Mr. Ramesh Kumar Narasinghbhan as Director

Total Votes Polled: 49,906,305 (62.7181% of outstanding shares)
In Favor: 49,768,165 (99.7232%)
Against: 138,140 (0.2768%)
Promoter Group: 44,762,400 votes (97.7261% of shares held), all in favor
Public Institutions: 4,464,987 votes (68.3544% of shares held), all in favor
Public Others: 678,918 votes (2.4927% of shares held), 540,778 in favor (79.6529%), 138,140 against (20.3471%)

Resolution 5: Appointment of Mr. Ramesh Kumar Narasinghbhan as MD & CEO

Total Votes Polled: 49,906,305 (62.7181% of outstanding shares)
In Favor: 49,768,165 (99.7232%)
Against: 138,140 (0.2768%)
Promoter Group: 44,762,400 votes (97.7261% of shares held), all in favor
Public Institutions: 4,464,987 votes (68.3544% of shares held), all in favor
Public Others: 678,918 votes (2.4927% of shares held), 540,778 in favor (79.6529%), 138,140 against (20.3471%)

Resolution 6: Appointment of Mr. Vijay Anant Chavan as Independent Director

Total Votes Polled: 49,906,305 (62.7181% of outstanding shares)
In Favor: 49,463,797 (99.1133%)
Against: 442,508 (0.8867%)
Promoter Group: 44,762,400 votes (97.7261% of shares held), all in favor
Public Institutions: 4,464,987 votes (68.3544% of shares held), all in favor
Public Others: 678,918 votes (2.4927% of shares held), 236,410 in favor (34.8216%), 442,508 against (65.1784%)

Resolution 7: Appointment of Mr. Vivek Satishbhai Patel as Independent Director

Total Votes Polled: 49,906,305 (62.7181% of outstanding shares)
In Favor: 49,463,365 (99.1125%)
Against: 442,940 (0.8875%)
Promoter Group: 44,762,400 votes (97.7261% of shares held), all in favor
Public Institutions: 4,464,987 votes (68.3544% of shares held), all in favor
Public Others: 678,918 votes (2.4927% of shares held), 235,978 in favor (34.7580%), 442,940 against (65.2420%)

Resolution 8: Continuation of Dr. Harshad Mehta as Chairman

Total Votes Polled: 5,143,905 (6.4644% of outstanding shares)
In Favor: 5,005,665 (97.3125%)
Against: 138,240 (2.6875%)
Promoter Group: 0 votes (0.00% of shares held)
Public Institutions: 4,464,987 votes (68.3544% of shares held), all in favor
Public Others: 678,918 votes (2.4927% of shares held), 540,678 in favor (79.6382%), 138,240 against (20.3618%)

Scrutinizer's Role and Findings

Mrs. Neetu V. Agrawal was appointed as Scrutinizer to scrutinize the remote e-voting process and e-voting during the AGM. Key findings:

All votes were scrutinized and reconciled with company records
Data was downloaded from CDSL's e-voting website in the presence of two witnesses
No invalid votes were cast in any resolution
All eight resolutions were passed with requisite majority
Voting records will remain in the Scrutinizer's custody until minutes are approved

Compliance Confirmation

The voting process was conducted in compliance with:

Section 108 of the Companies Act, 2013
Rules 20 and 21 of the Companies (Management and Administration) Rules, 2014
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
MCA General Circular No.20/2020 dated 5th May 2020
MCA General Circular No.09/2024 dated 19th September 2024

Additional Information

Company CIN: L31109MH1969PLC014322
Gujarat Unit: 338, International House, Baska, Halol, Dist. Panchmahals, Gujarat-389350
Odisha Unit: Flatted Factory Building, EMC Park, Infovalley, Bhubaneswar, Dist. Khordha, Odisha-752054
Total Outstanding Shares: 79,572,400
Reference Number: RIR/SEC/13939/2026 dated 1st October, 2026