Rasi Electrodes Ltd — Important, 16-07-2026: Company Update

Rishab Electrodes' Board has approved selling 2.277 acres of vacant land in Tiruvallur District, Tamil Nadu, to an unrelated buyer for Rs. 3 crore. The Managing Director is authorized to finalize the agreement. Shareholders had already consented to this transaction, which was also evaluated and supported by the Audit Committee. This sale, a non-ordinary course of business move, represents 7.72% of the company's net worth as of March 31, 2026. This divestment could free up capital for strategic redeployment, impacting the company's financial position and future initiatives.