Ritesh International Ltd

MD reappointment

• Mr. Ritesh Arora reappointed as Managing Director for five years, effective 14.12.2026.
• MD DIN: 00080156.
• Regulatory basis: Regulation 30 of SEBI LODR Regulations 2015.

AGM Details

• Date and time: 28 September 2026, 11:00–11:30 AM.
• Mode: physical AGM with polling at the venue.
• Record date: 22 September 2026.
• Shareholders on record: 13,115; attendance: promoters 3, public 42.

Resolutions Presented

• Ordinary: Adopt Audited Financial Statements for FY2026.
• Ordinary: Reappoint director by rotation.
• Ordinary: Approve remuneration to Cost Auditor for FY2026-27.
• Special: Re-appoint Managing Director.
• Special: Revise remuneration of Wholetime Director.

Voting Outcomes

• All resolutions passed with requisite majority.
• No significant dissent observed.
• Total votes cast indicated strong approval.

Management Changes

• MD re-appointment approved.
• Remuneration revision for Wholetime Director approved.

Auditor Remuneration

• Remuneration for Cost Auditor FY2026-27 approved.

Ritesh International Limited: Trading Window closed from October 1, 2026 until 48 hours after the declaration of UnAudited Financial Results for the Quarter Ended September 30, 2026.

AGM Details

• Date: 28 September 2026; Time: 11:00 A.M.; Mode: physical.
• Venue: Momnabad Road, Village Akbarpura, Sangrur, Punjab 148021.

Key Resolutions

• Adopt audited financial statements for year ended 31 March 2026.
• Reappointment of Mr. Ritesh Arora as director, retires by rotation.
• Ratify remuneration payable to Cost Auditor for FY 2026-27.
• Re-appointment of Mr. Ritesh Arora as Managing Director.
• Revision in remuneration payable to Rijul Arora, Wholetime Director.

Voting Status

• Results of remote e-voting and venue poll awaited; disclosure forthcoming.

Directors & Remuneration

• MD reappointment proposed as Special Resolution.
• Remuneration revision for Wholetime Director proposed.

Advance tax payment

• Deposited Rs 1 crore as Advance Tax installment on 14 September 2026.

Book closure and e-voting details

• Book closure from 23 September 2026 to 28 September 2026 (inclusive) for the 44th AGM.
• Security type: Equity shares held in physical or dematerialized form.
• Cut-off date for voting eligibility: 22 September 2026.
• E-voting window: 25 September 2026, 09:00 to 27 September 2026, 17:00.
• E-voting facilitated by Central Depository Services (India) Limited (CDSL).
• Purpose: vote on AGM business.

AGM Details

• AGM scheduled for 28 September 2026 at 11:00 AM, at the registered office, Ahmedgarh; physical.
• Register of Members closed 23–28 September 2026 inclusive.

Key Resolutions

• Adopt audited financial statements for year ended 31 March 2026, including balance sheet, P&L, cash flow.
• Approve reappointment of Mr. Ritesh Arora by rotation as director.
• Ratify remuneration of Cost Auditor for FY 2026-27 at Rs 45,000 plus taxes.
• Re-appoint Ritesh Arora as Managing Director for five years (14.12.2026–13.12.2031) with remuneration as approved.
• Revise remuneration of Rijul Arora for three years from 01.10.2026, with updated salary and perquisites.

Directors & Remuneration

• MD re-appointment: 14.12.2026–13.12.2031; salary Rs 5,00,000 monthly until 31.03.2027, then Rs 7,50,000.
• MD and Rijul Arora remuneration terms aligned with Board approvals; includes perquisites and potential variances.

Financial snapshot

• Revenue from operations: Rs 16,700.07 Lakhs; total income: Rs 16,710.72 Lakhs.
• Net profit after tax: Rs 367.67 Lakhs; EPS: Rs 4.23.
• Operating profit before tax: Rs 505.67 Lakhs.
• Net cash from operating activities: Rs 680.04 Lakhs.
• Total assets: Rs 4,792.06 Lakhs; paid-up capital: Rs 937.28 Lakhs.

Operations and divisions

• Stearic acids & non-edible oils sales: Rs 16,006.00 Lakhs.
• Knitwear sales: Rs 694.07 Lakhs; prior year Rs 980.77 Lakhs.
• YoY revenue growth for FY2025-26: ~29.48%.

Capital structure & liquidity

• Working capital: Rs 1,087.67 Lakhs.
• Long-term borrowings: Rs 151.48 Lakhs; current borrowings: Rs 740.62 Lakhs.
• Total borrowings: Rs 892.10 Lakhs; debt-equity ratio: 0.05.
• Cash and cash equivalents: Rs 128.43 Lakhs.

Dividend & capital allocation

• Dividend declared for FY2025-26: Nil.

Governance & remuneration

• MD re-appointment: Ritesh Arora for 2026-31.
• Remuneration: starting Rs 5.00 Lakh/month; rising to Rs 7.50 Lakh/month from Apr 2027.
• Remuneration for Rijul Arora revised for 2026-29; Rs 5.00 Lakh/month with 7% annual increment.

Auditors & internal controls

• Statutory auditors: Ashok Shashi & Co.; Secretarial auditors: Bhambri & Associates.
• Internal financial controls are adequate; no material weaknesses.

Risks and outlook

• Opportunities: Rubber/tyre expansion; rising personal care demand; PVC/plastics growth.
• Threats: Feedstock volatility; ASEAN imports; environmental compliance.

Related-party transactions

• Related party transactions with directors and related entities; arm's length policy followed.
• Director salaries/loans and Octave Apparels/Eklavya Enterprises transactions disclosed.

Shareholding & AGM details

• AGM: 28 Sep 2026; venue at Registered Office.
• Listed on BSE Main Board; scrip RITESHIN (519097); ISIN INE534D01014.
• Promoters 43.05%; Others 49.89% (approx).
• Dematerialization: 73.33% of equity dematerialized.