Rathi Bars Ltd Board Meeting Scheduled for April 10, 2026, to Address Operations and Advisory Appointments
Rathi Bars Ltd announced that its Board of Directors meeting is scheduled to take place on Friday, April 10, 2026, at 3:00 P.M. The board meeting will consider and approve several key operational, advisory, and financial matters critical to the company's future path.The board agenda is comprehensive, covering foundational governance items alongside strategic discussions related to revival and restructuring.
Key items slated for discussion and consideration during the board meeting include:
| Item No. | Business to be transacted |
|---|---|
| 1 | To elect the Chairman of the Meeting |
| 2 | To consider the leave of absence, if any |
| 3 | To take note of the minutes of the previous minutes of committee(s) |
| 4 | To take note of the minutes of the previous Board Meeting. |
| 5 | To take note of disclosures of interest by Directors |
| 6 | To take note of disclosure by board of Directors |
| 7 | To take note of the disclosures given by the Independent Directors confirming their Independence. |
| 8 | To take note of the resignation of Ms. Bharti Chitkara, Company Secretary and Compliance Officer. |
| To take note of closure / suspension of manufacturing operations of the Company. | |
| 10 | To discuss and consider the way forward for revival and re-commencement of operations of the Company. |
| 11 | To consider and approve the appointment of Ernst & Young (E&Y) as professional advisors and Menon & Associates as legal advisors. |
| 12 | To discuss and consider coordination with bankers and lenders for moratorium, restructuring and fresh credit facilities. |
| 13 | To consider and review the pending debt and interest servicing obligations with secured lenders. |
| 14 | To review and approve the arrangement for payment of Director Remuneration. |
| 15 | To review and approve the arrangement for payment of rent for Head Office/ Registered Office. |
| 16 | To review and approve the arrangement for payment of fixed expenses of the company. |
| 17 | Any other business with the permission of chair. |
Among the significant points on the agenda are the strategic discussions planned for the company's recovery. Directors will discuss and consider the way forward for the revival and re-commencement of operations. Furthermore, the board is set to consider and approve the appointment of Ernst & Young (E&Y) as professional advisors and Menon & Associates as legal advisors. Financial reviews will cover pending debt and interest servicing obligations with secured lenders, alongside reviewing and approving arrangements for Director Remuneration, rent for the Head Office/Registered Office, and fixed company expenses.
Stock Price Movement
At the close of trading Monday, Rathi Bars Ltd. settled at ₹22.83, advancing 3.77% on the day. Shares navigated an intraday range between ₹21.32 and ₹23.00.Source:
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