Raymed Labs Limited, a prominent player in the pharmaceutical industry, held its Extra Ordinary General Meeting (EGM) on 21st April 2025. The meeting, which commenced at 12:30 PM and concluded at 1:00 PM, took place at the company's corporate office located in Mumbai. The meeting addressed a range of important corporate governance matters, with all agenda items successfully transacted.

Key Highlights of the Meeting:

• The EGM was chaired by Mr. Prashant Nathmal Bajaj, Director, and was attended by several key executives including Mr. Hitesh Bajoria, Mrs. Urmila Hansraj Sharma, and Mr. Pankesh Sutariya, the Company Secretary.

• A total of five members attended the meeting in person, and there were no proxies.

• The Chairman began with a speech outlining the agenda and the voting procedure, including the provision of remote e-voting for shareholders.

• The voting process commenced on 17th April 2025 at 9:00 AM and concluded on 21st April 2025 at 5:00 PM, with physical ballots also distributed during the meeting. The voting process was supervised by the appointed Scrutinizer, M/s. Nidhi Bajaj & Associates.

Resolutions Approved:

1. Change of Name: The shareholders approved a special resolution for a change of the company name and corresponding amendments to the Memorandum and Articles of Association.

2. Alteration in Main Object Clause: A special resolution to amend the main object clause of the company’s Memorandum of Association was passed.

3. Shifting of Registered Office: A special resolution for the relocation of the company's registered office from Uttar Pradesh to Maharashtra was approved.

4. Appointment of Managing Director: An ordinary resolution was passed to appoint Mr. Prashant Bajaj as the Managing Director of the company.

5. Regularization of Directors: The meeting also approved the regularization of Mr. Nishant Nathmal Bajaj, Mrs. Urmila Hansraj Sharma, Mr. Vipul Subhashchandra Dubey, and Ms. Prity Bishwakarma as non-executive directors and independent directors, through special resolutions.

6. Loans, Investments, and Guarantees: A special resolution regarding loans, investments, guarantees, or security under Section 185 of the Companies Act, 2013, was also passed.

7. Approval of Material Related Party Transactions: The shareholders approved material related party transactions under an ordinary resolution.

Shareholder Engagement and Voting Process:

During the meeting, the Chairman addressed questions from shareholders, providing clarity on various topics. After all discussions, shareholders cast their votes via e-voting and ballot papers, ensuring a fair and transparent voting process. The Chairman concluded the meeting by thanking the members and assuring them that the results would be announced after the scrutinizer’s report was received.

This Extra Ordinary General Meeting (EGM) saw the passing of all resolutions by the requisite majority, and it reflects the company’s ongoing commitment to enhancing its corporate governance practices and expanding its operations.

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