Rapid Investments Limited

Board Meeting Details

The Meeting of the Board of Directors was held on 12th August 2026, Wednesday, at the corporate office at 107, Turf Estate, Dr. E. Moses Road, Shakti Mill Lane, Mahalaxmi, Mumbai - 400011. The meeting commenced at 03:00 p.m. and concluded at 06:00 p.m.

Key Approvals and Decisions

1. Financial Results: The Board considered, approved, and took on record the Unaudited Standalone Financial Results for the quarter ended 30th June 2026, along with the Limited Review Report thereon, pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015.

2. Director Re-appointment: Recommended the re-appointment of Mr. Kanishk Ranka (DIN: 06967647) as a Director who retires by rotation. He is eligible and has offered himself for re-appointment at the ensuing Annual General Meeting (AGM), in terms of Section 152(6) of the Companies Act, 2013.

3. Managing Director Re-appointment: Considered and approved the re-appointment of Mrs. Nina Ranka (DIN: 00937698) as the Managing Director of the Company for a further period of five (5) years, effective from 13th August 2026. This is subject to the approval of the members at the ensuing AGM. Her brief profile states she is a B.A. Gold Medalist from Sophia College, Ajmer (Rajasthan University) and an Industrialist. She is the mother of Mr. Kanishk Ranka, an Executive Director of the Company.

4. Statutory Auditors Re-appointment: Considered and approved the re-appointment of M/s. NNK & Co., Chartered Accountants (Firm Registration No. 143291W) as the Statutory Auditors of the Company for a further term of four (4) consecutive years, subject to member approval at the ensuing AGM.

5. Appointment of Independent Director: Considered and approved the appointment of Mr. Arun Jain (DIN: 02540343) as an Additional Director in the category of Independent Director, effective from 13th August 2026. The Board recommended his appointment as an Independent Director for a term of five (5) consecutive years, subject to member approval at the ensuing AGM.

6. AGM Documentation: Approved and adopted the Director's Report along with all annexures thereto and the Notice of the 48th Annual General Meeting of the Company.

7. Book Closure: Fixed the dates for the closing of the Register of Members and Transfer Books in connection with the ensuing AGM from 16th September 2026 to 22nd September 2026 (both days inclusive), pursuant to section 91 of the Companies Act, 2013 and Regulation 42 of the SEBI (LODR) Regulations, 2015.

8. Scrutinizer Appointment: Appointed Mr. Pankaj S. Desai as the Scrutinizer for monitoring e-voting and voting at the 48th AGM through OAVM (Other Audio Visual Means) in a fair and transparent manner.

9. Secretarial Audit Report: Approved and adopted the Secretarial Audit Report issued by M/s. Pankaj Desai & Associates (COP 4098) for the financial year ended 2025-26, in terms of Section 204 of the Companies Act, 2013.

10. Internal Auditor Appointment: Appointed Mr. Neel Kumar Jain as the Internal Auditor of the Company for the financial year 2026-27.

11. Compliance Note: The Board took note of the compliances made under SEBI (LODR) Regulations, 2015 for the quarter ended 30th June 2026.

12. 48th AGM: Decided to convene the 48th AGM through Physical Mode on 22nd September 2026, Tuesday, at 09:00 a.m.

AGM Calendar of Events

The calendar of events for the 48th AGM is as follows:

  • E-voting: Open to members of the Company. Start Time: 9.00 AM on an unspecified start date. End Date: 21/09/2026.

Additional Information

The company has arranged to publish the financial results in the newspaper in accordance with Regulation 47 of SEBI (LODR) Regulations, 2015.

Annexures Referenced

The disclosure includes several annexures:

1. Standalone UFR for the quarter ended 30.06.2026 along with LRR.

2. Book Closure Notice for the 48th AGM.

3. Calendar of Events for the 48th AGM.

4. Annexure-I: Re-appointment of Managing Director.

5. Annexure-II: Re-appointment of Statutory Auditor.

6. Annexure-III: Appointment of Independent Director.

7. Annexure-IV: Cessation of Independent Director.