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Rasi Electrodes informs about outcome of board meeting

16 Jul 2026 Evaluate
Rasi Electrodes has informed that, as per its prior intimation vide letter Ref: RELl046l2O26-27 July 10, 2026, a meeting of the Board of Directors of the company was held on 16th July 2026, wherein the following matter was discussed and approved: The Board of Directors have approved the proposal to sell or otherwise dispose off unencumbered landed property belonging to and registered in the name of the Company, comprising of vacant tand measuring 88 Cents in survey number 20513, in patta number 212,47 cents in new survey number 20514A, in patta no.69i, 45.7 cents in new survey number 20413A, in patta no.692, 47 cents in new survey number 20412, in patta number 692, totally admeasuring an extent of 227.7 cents (or 2.277 acres), situated at Manjankaranai Village, Uthukottai Taluk, Tiruvallur District, Tamilnadu, India, to an identified purchaser who are not related parties for a total consideration of Rs 300 lakhs only, which is realizable as per the terms and conditions agreed upon and mentioned in the Agreement for Sale to be entered into for this purpose. The Board took on record the consent accorded by the shareholders through Postal Ballot and Electronic Voting u/s 180(1)(a) of the Companies Act, 2013, and the evaluation and recommendation of the Audit Committee of the Board held earlier in the day and also its own evaluation. The meeting of the Board commenced on 16th July 2026 at 11.30 am and concluded at around 01.00 pm.

The above information is a part of company's filings submitted to BSE.

Rasi Electrodes Share Price

12.20 -0.08 (-0.65%)
31-Jul-2026 09:27 View Price Chart
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