RCC Cements Approves New Consumer Electronics Business Line and Board Appointments

RCC Cements Approves New Consumer Electronics Business Line and Board Appointments​

RCC Cements Ltd has approved several strategic decisions following a Board meeting held on June 19, 2026. The company approved the adoption of a new line of business into consumer electronics, along with significant alterations to its Memorandum and Articles of Association (MOA & AOA), and sanctioned various limits for borrowing and investments.

The board meeting resulted in approvals for key operational shifts and corporate governance appointments, all subject to subsequent shareholder approval via an Extraordinary General Meeting (EGM) scheduled for July 17, 2026.

Business Restructuring and Expansion​

One of the primary decisions approved by the Board was the adoption of a new line of business encompassing consumer electronics, mobile phones, mobile accessories, computer hardware, and allied products. This expansion is intended to leverage industry expertise in the sector.

To facilitate this move, the Board also approved:

• The adoption of a new set of Articles of Association (AOA), replacing the existing ones, to align with the Companies Act, 2013, and contemporary corporate governance practices.
• The alteration of the Object Clause of the Memorandum of Association (MOA) to include the undertaking of business in consumer electronics and allied products.

Key Director Appointments and Governance Moves​

In a move related to company structure and management, the Board approved several directorial appointments:


Mr. Faizal Bavaraparambil Abdul Khader is noted as an entrepreneur with nearly 18 years of experience in manufacturing, trading, and distribution across industries including plywood, spices, resins, petrochemicals, and consumer electronics. Mr. Shatrughan Sahu has over two decades of experience in finance, accounts, taxation, corporate secretarial matters, marketing, and general administration.

Financial Authority Approvals​

The Board provided approval for several financial powers critical to the company's operations, subject to shareholder ratification:

Future Outlook and EGM Details​

The Board approved the convening of an Extraordinary General Meeting (EGM) to secure shareholder approval for all the aforementioned matters. The EGM is scheduled for Friday, July 17, 2026, at 11:00 A.M. at the company's registered office in New Delhi.

The Board also approved essential details regarding the voting process:

• E-voting period: July 14, 2026 to July 16, 2026.
• Cut-off date for determining shareholders: July 10, 2026.

Kundan Agrawal, a Practicing Company Secretary, was appointed as the Scrutinizer for the EGM. MAS Services Limited and National Securities Depository Limited (NSDL) were approved to provide services related to the EGM.

Stock Price Movement​

RCC Cements Ltd shares settled at ₹14.95 on Monday, achieving a respectable gain of 4.99%. The stock remained completely locked at this price point throughout the trading session, with the intraday high and low both registering at ₹14.95.