Rajeswari Infrastructure board meet Sep 21, 2026: NCLT plan

What the company has announced

Rajeswari Infrastructure Limited has scheduled a meeting of its Board of Directors for September 21, 2026 to consider corporate actions mandated under an NCLT-approved resolution plan. The company said the session will be held at its registered office, and it will focus on steps that are part of its restructuring process. The intimation places emphasis on share capital and trading-related actions that typically follow a tribunal-approved plan.

The Chennai-based infrastructure firm indicated that the agenda includes suspension of trading in the existing equity shares and changes to the securities identifiers linked to those shares. It also disclosed that promoter and promoter group equity shares are to be extinguished, as contemplated by the tribunal order. Separately, it has also scheduled its 33rd Annual General Meeting (AGM) for September 29, 2026 via video conference.

Board meeting details: date, time, and signatory

The meeting is scheduled to commence at 4:00 pm on Monday, September 21, 2026. The company said the meeting will take place at its registered office. The intimation letter is dated September 18, 2026 and is signed by Guruswamy Ramamurthy, Managing Director.

This meeting is positioned as an execution step for the NCLT resolution plan, with the board expected to formally approve and note specific corporate actions. The disclosures indicate the company is moving from plan approval to operationalising changes in the listed equity structure.

Corporate actions on the agenda under the NCLT plan

Rajeswari Infrastructure said the board will deliberate on multiple structural changes required under the approved resolution plan. A central element is the reconstitution of share capital, alongside measures impacting trading and securities identification.

The agenda items disclosed by the company include fixing a record date for the corporate actions contemplated under the NCLT-approved resolution plan. It also includes approval for the suspension of trading for existing equity shares to comply with NCLT orders. In addition, the company plans to suspend the ISIN code associated with the existing equity shares.

Promoter equity extinguishment and public share capital reconstitution

Among the proposed steps, the company said it will note the extinguishment of equity shares held by promoters and the promoter group, in line with the tribunal’s order. This is a specific corporate action that changes the existing ownership structure by cancelling the identified promoter holdings.

The company also said the board will consider reconstituting the share capital held by public shareholders in accordance with the tribunal order. It further plans to approve an action plan for allotting new equity shares in place of existing ones. Together, these steps reflect a transition from the current equity structure to a revised capital framework under the resolution plan.

Why record date, trading suspension, and ISIN suspension matter

The stated plan to fix a record date is operationally important because record dates determine which shareholders are eligible for corporate actions at a cut-off point. The proposed suspension of trading in the existing equity shares is intended to align market trading with the corporate actions approved by the tribunal.

Similarly, the ISIN suspension item is a key back-end change that typically accompanies replacement or reclassification of securities. Based on the company’s agenda, the actions are designed to ensure the old equity instrument is not traded or settled while the new share allotment framework is implemented.

Snapshot table: key dates and meetings disclosed

33rd AGM: agenda items and governance actions

Rajeswari Infrastructure has scheduled its 33rd AGM for Tuesday, September 29, 2026 at 4:00 pm. The company said the AGM will be conducted via video conference from its registered office in Tamil Nadu. The meeting is planned to transact business including approval of new independent directors and a statutory auditor.

The board also noted the Annual Report, including the Auditor’s Report and Financial Statements for the financial year ended March 31, 2026. The company disclosed that the board approved the appointment of M/s. SVSR & Associates, Chartered Accountants, Chennai, as Statutory Auditors for FY26-27. It also appointed Mr. Vikas Gautam, a practicing company secretary, as the scrutinizer for the voting process.

Voting and shareholder participation at the AGM

For the 33rd AGM, the company said it will provide remote e-voting facilities and e-voting during the AGM. This indicates shareholder voting is planned as part of the meeting process for the disclosed agenda items.

The disclosures around voting mechanics are relevant because they frame how shareholders will participate in decisions at a time when the company is implementing tribunal-mandated restructuring actions.

Context: CIRP history and prior disclosures

The company’s disclosures also refer to the period when it was under Corporate Insolvency Resolution Process (CIRP). It said the Board of Directors has been suspended since the initiation of CIRP by the NCLT, Chennai Bench, on May 10, 2023. The company also stated it emerged from CIRP in January 2026.

Rajeswari Infrastructure held its 32nd AGM on July 13, 2026 through video conferencing under the supervision of the Monitoring Committee due to ongoing CIRP-related proceedings. It also disclosed that during that period, the powers of the board of directors and shareholders stood suspended.

Auditor changes and financial results disclosures

Rajeswari Infrastructure disclosed that its statutory auditor, K M K U & Associates, resigned effective July 11, 2026, and that this was disclosed on July 23, 2026. Separately, the company said the Board of Directors approved the unaudited standalone financial results at a meeting held on August 14, 2026.

These items provide context to the governance and compliance actions now being taken, including the appointment of a statutory auditor for FY26-27 at the 33rd AGM.

Market impact: what changes for investors and trading

The immediate market-facing element in the September 21 board agenda is the proposed suspension of trading for existing equity shares and suspension of the ISIN associated with those shares. For investors, such actions can affect how and when shares can be traded and settled, because trading and settlement depend on active listings and valid ISINs.

The company has also disclosed that promoter and promoter group shares are to be extinguished, and that public shareholder capital will be reconstituted with new equity share allotments. These actions, if implemented as planned, change the form of the existing equity exposure from the old shares to new shares under the resolution plan framework.

Analysis: why this board meeting is a key execution step

The disclosures indicate that the company is moving from the NCLT resolution plan approval stage to execution, focusing on formal board approvals that enable capital restructuring. Fixing record dates, pausing trading, and suspending the ISIN are operational steps that typically need to be aligned before share capital is reconstituted.

The combination of promoter share extinguishment and public share reconstitution suggests a tribunal-directed reset of the equity structure. While the company has not provided quantities or ratios in the disclosure, it has clearly outlined the sequence of actions it plans to place before the board on September 21.

Conclusion

Rajeswari Infrastructure has set September 21, 2026 for a board meeting to execute corporate actions under an NCLT-approved resolution plan, including trading and ISIN suspension, promoter share extinguishment, and share capital reconstitution. The company has also scheduled its 33rd AGM on September 29, 2026 via video conference, with items including independent director regularisation and statutory auditor appointment. The next confirmed milestones are the board meeting at 4:00 pm on September 21 and the AGM at 4:00 pm on September 29, as disclosed by the company.