RCC Cements will hold an Extra-Ordinary General Meeting to approve a significant business pivot, shifting from cement to consumer electronics and allied products due to prior operational inactivity.

This includes manufacturing, trading, and e-commerce for mobile phones, smart devices, and IT equipment.

To support this, shareholders will vote on adopting new Memorandum and Articles of Association, appointing a Non-Executive Director with electronics experience, and an Independent Director.

The company also seeks approval for borrowing up to 200 Cr, making investments/loans up to 50 Cr, related party transactions up to 25 Cr to director-interested entities, and material related party transactions totaling 25.60 Cr for business operations.