Shareholders appoint Mr. Voruganti Eswaraiah as Independent Director for a 5-year term

At the Annual General Meeting held on 30.09.2026, shareholders of Raasi Refractories Ltd appointed Mr. Voruganti Eswaraiah as an Independent Director, with immediate effect, for a period of 5 (five) years.

Sat 3 Oct 2026

Resolution Passed At

Annual General Meeting held on 30.09.2026

Appointment

Mr. Voruganti Eswaraiah as an Independent Director

Effective Date

with immediate effect

Term

5 (five) years

Recommendation By

Nomination & Remuneration Committee and the Board of Directors

What the company informed the exchange

Raasi Refractories Limited has informed BSE that the shareholders of the company, at the Annual General Meeting held on 30.09.2026, appointed Mr. Voruganti Eswaraiah as an Independent Director of the Company.

• The appointment is with immediate effect for a period of 5 (five) years
• It was based on the recommendations of the Nomination & Remuneration Committee and the Board of Directors
• The date of appointment is 30.09.2026
• The details were furnished as required under Regulation 30 read with the relevant SEBI circular, in an Annexure to the letter

What an Independent Director is

An independent director is a board member who is not connected to the company's day-to-day management or its promoters. Such directors are expected to bring an outside view to board decisions and to look after the interests of all shareholders, especially minority shareholders.

The company's Annexure describes this event as a change in Key Managerial Personnel.

About the appointed director

• Mr. Voruganti Eswaraiah is included in the Databank of Independent Directors maintained by the Indian Institute of Corporate Affairs (IICA)
• He has a sole proprietorship business of Fertilizers and has expertise in the field of Finance and Business Management
• On disclosure of relationships, the update states NA

How to read this

• This is an intimation about a board-level appointment that has already been approved by shareholders, with the term and profile stated
• Board composition changes can matter to investors because independent directors are part of the board's oversight of the company
• The appointment is for a fixed term of 5 (five) years, which gives clarity on how long he is expected to serve, unless there is a change in the interim that the company has not announced in this letter

What is not part of this update

The letter conveys the appointment and the director's brief profile. It does not carry any commercial or financial details of the company's operations.

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