RLF Limited has scheduled its 46th Annual General Meeting for September 30, 2026. Key agenda items include a proposal to raise Rs 10 crore via unsecured convertible loans from promoters and approval for material related party transactions totaling Rs 10 crore with SIPL Textile and United Leasing. Investors should monitor potential equity dilution from the convertible loan and the scale of related party business.
RLF Limited AGM Notice: Fundraising and Related Party Transactions
Total Fundraising Sought: Rs 10 Crore | RPT Limits: Rs 10 Crore Combined
Reader Takeaway: Proposed promoter-led convertible loans signal potential future dilution, while large related party contracts require careful governance scrutiny.
What just happened
RLF Limited has officially notified shareholders of its 46th Annual General Meeting (AGM) to be held on Wednesday, September 30, 2026, in Gurugram. The management has tabled several key proposals for shareholder approval, ranging from capital infusion to director remuneration and operational contracts.
Why this matters
The most significant proposal involves raising Rs 10 crore through unsecured loans from promoters Mr. Aditya Khanna and Mr. Ashish Khanna. Because these loans carry a conversion option into equity, they could impact existing shareholding structures. Furthermore, the board is seeking a mandate for material related party transactions with SIPL Textile Private Limited and United Leasing & Industries Limited, both capped at Rs 5 crore each for the 2026-27 fiscal year. These figures represent significant exposure relative to the company's annual turnover.
Remuneration Revisions
The AGM will also consider special resolutions for director compensation effective September 1, 2026. Managing Director Mr. Aditya Khanna is proposed to receive a monthly salary of Rs 75,000 for a one-year term, while Mr. Ashish Khanna, serving as a non-executive non-independent director, is also set for a monthly remuneration of Rs 75,000 for a three-year period.
Meeting Logistics for Investors
- Remote E-Voting: Opens September 27, 2026, at 9:00 A.M. and closes September 29, 2026, at 5:00 P.M.
- Book Closure: The company’s books will remain closed from September 24, 2026, to September 30, 2026.
- Cut-off Date: September 23, 2026, serves as the eligibility date for voting rights.
What to track next
Investors should analyze the conversion price terms for the promoter loans and track if the related party transactions eventually hit the proposed Rs 5 crore limits, as these indicate the depth of operational reliance on these entities.