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Rashi Peripherals Limited announced several key changes following a board meeting held November 5, 2026, including the resignation of Anil Khandelwal from multiple committees and the appointment of Sanjeev Keskar as an Additional Independent Director, impacting the composition of the Audit, Nomination & Remuneration, Stakeholder Relationship, and Corporate Social Responsibility committees. The company also entered into agreements with Restar Corporation, Japan, to sell 26% of the shares in its subsidiary, Rashi Semiconductor Solutions Pvt Ltd, through a secondary sale, establishing a board with directors from both companies and a five-year lock-in period. Furthermore, Rashi Peripherals plans to issue equity shares through a Qualified Institutions Placement or Preferential Issue, potentially raising up to Rs. 900 crores, with details to be finalized, and a postal ballot notice will be submitted to the stock exchanges.
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