Raj Oil Mills Limited — Others, 19-11-2024: Shareholders meeting

Raj Oil Mills Limited has announced a board meeting to seek shareholder approval via postal ballot for the re-appointment and remuneration of Mr. Atikurrehman Daudbhai Mukhi as Managing Director for a three-year term, from November 12, 2024, to November 11, 2027. His proposed remuneration is up to ₹32.4 crore per annum, which may vary based on company performance. This move is positioned as essential for continuity in leadership. With e-voting set to take place from November 21 to December 20, 2024, shareholders might view this positively, seeing strong management continuity as a stabilizing factor in operations.