Riddhi Corporate Services Limited has announced the outcome of its Board meeting held on September 5, 2026. Key decisions include the scheduling of the 16th Annual General Meeting (AGM) on September 28, 2026, approval of a final dividend of ₹0.49 per equity share for the financial year 2025-26, and the reappointment of Mr. Pravinchandra Kodarlal Gor as Managing Director and Mr. Alpitkumar Pravinchandra Gor as Wholetime Director for a further term of five years each, subject to member approval.
Board Meeting Outcomes and AGM Announcement
Riddhi Corporate Services Limited convened its Board of Directors meeting on September 5, 2026. The meeting concluded at 05:00 P.M., transacting several significant business items. These include the review and adoption of the Corporate Governance Report and Management Discussion and Analysis Report for the financial year 2025-26.
16th Annual General Meeting and Dividend Approval
The 16th Annual General Meeting (AGM) of the company is scheduled to be held on Monday, September 28, 2026, at 11:30 a.m. at the company’s registered office. In conjunction with the AGM, the Board has considered and approved a final dividend of ₹0.49 per equity share of ₹10 for the financial year ended March 31, 2026. This dividend will be paid to shareholders whose names appear as beneficial owners on September 21, 2026.
Book Closure and Cut-off Date
To facilitate the AGM and dividend distribution, the Register of Members and Share Transfer Books will remain closed from September 22, 2026, to September 28, 2026, inclusive. The cut-off date for the purpose of the AGM and e-voting has been set as September 21, 2026.
Key Reappointments and Scrutinizer Appointment
The Board has resolved to reappoint Mr. Pravinchandra Kodarlal Gor (DIN: 03267951) as the Managing Director for a further term of five years, commencing from February 1, 2027, to January 31, 2032. This reappointment is subject to the approval of the members. Additionally, Mr. Alpitkumar Pravinchandra Gor (DIN: 03041615) has been reappointed as Wholetime Director for a similar five-year term, also pending member approval.
Furthermore, Mr. Amrish N. Gandhi, a Practising Company Secretary, has been appointed as the Scrutinizer for the 16th AGM to ensure the smooth conduct of the proceedings.
Director Rotation and Remuneration Details
The AGM agenda also includes the appointment of a Director in place of Mr. Umesh A. Bhadreswara (DIN: 07582046), who retires by rotation and is eligible for re-appointment. Detailed remuneration proposals for the reappointed Managing Director and Wholetime Director are outlined, including annual salaries, minimum remuneration clauses, and other terms and conditions, in accordance with the Companies Act, 2013.
E-voting and Virtual Meeting Instructions
The notice also provides comprehensive instructions for shareholders regarding remote e-voting and attending the AGM through Video Conferencing (VC) or Other Audio Visual Means (OAVM). These guidelines cover the voting period, login procedures for various depository participants (CDSL/NSDL), and requirements for participating in the virtual meeting. Shareholders are advised to update their contact details and follow the provided steps to ensure smooth participation and voting.
Source: BSE
