Rajkot Investment Trust539495Board key decisions

Board takes note of RBI supervisory letter dated July 15, 2026, directs corrective steps on priority

Rajkot Investment Trust's Board met on Thursday, October 15, 2026 (5.00 p.m. to 6.00 p.m.).

By ScoutQuest · Thu 15 Oct 2026, 6:38 PM IST · 2 min read

The Board of Directors of the Company met on Thursday, October 15, 2026. The meeting commenced at 5.00 p.m. and concluded at 6.00 p.m.
This was the 5th board meeting of the financial year 2026-27 (05/2026-27).
The Board considered and took note of a Supervisory Letter dated July 15, 2026 received from the Reserve Bank of India (RBI).
That letter came after a supervisory inspection conducted with reference to the financial position of the Company as on March 31, 2026.

The Board was apprised of the supervisory concerns highlighted by the RBI in the letter.
It considered and took note of the response and explanations presented by the Management on the observations raised by the RBI.
It also noted the corrective measures proposed to address the identified gaps and to ensure compliance with applicable regulatory requirements.

Management is to take necessary corrective and remedial measures on a priority basis.
An appropriate monitoring mechanism is to be set up for timely implementation of the proposed actions.
Proper maintenance of records and supporting documentation is to be ensured.
Management is to prepare and submit point-wise compliance to the RBI, duly approved by the Board, within the prescribed timeline, along with such supporting documents as may be required.
The Board emphasised strengthening the Company's internal controls, risk management systems, regulatory reporting and overall compliance framework, and directed management to report the status of implementation of the corrective measures to the Board periodically.

A supervisory letter follows an RBI inspection. It records the regulator's observations and the steps it expects the company to take.
Here, the update shows the Board formally acknowledging those observations, noting management's response and directing time-bound corrective action, monitoring and reporting back.
The update records the Board taking the matter on record and noting management's commitment to address the supervisory concerns and comply with applicable RBI directions and regulatory requirements.

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