Riddhi Corporate Services Limited’s board of directors met on September 5, 2026, to approve several key resolutions. The company will hold its 16th Annual General Meeting on September 28, 2026, with a book closure period from September 22 to September 28, 2026. Notable decisions include the reappointment of Mr. Pravinchandra Kodarlal Gor as Managing Director and Mr. Alpitkumar Pravinchandra Gor as Wholetime Director, both for five-year terms starting February 1, 2027. A final dividend of ₹0.49 per equity share for the financial year 2025-26 was also proposed.
Board Meeting Highlights Key Decisions
Riddhi Corporate Services Limited conducted a board of directors’ meeting on September 5, 2026, transacting several important businesses. The meeting, which concluded at 05:00 PM, saw the approval of the company’s Corporate Governance Report and Management Discussion and Analysis for the financial year 2025-26.
Annual General Meeting and Book Closure
The 16th Annual General Meeting (AGM) of the company is scheduled for Monday, September 28, 2026, at 11:30 AM. It will be held at the company’s registered office in Ahmedabad and will be accessible via AV/OM. To facilitate the AGM, the Register of Members and Share Transfer Books will be closed from September 22, 2026, to September 28, 2026, inclusive. The cut-off date for the AGM, e-voting, and dividend purposes is set as September 21, 2026.
Director Reappointments and Scrutinizer Appointment
The board has resolved to reappoint Mr. Pravinchandra Kodarlal Gor (DIN: 03267951) as Managing Director for a further term of five years, subject to member approval. Similarly, Mr. Alpitkumar Pravinchandra Gor (DIN: 03041615) is proposed for reappointment as Wholetime Director for another five-year term. Both reappointments are effective from February 1, 2027, to January 31, 2032. The remuneration for these roles will be as recommended by the Nomination and Remuneration Committee and approved by the Audit Committee and Board. Mr. Amrish N. Gandhi, Practising Company Secretary, has been appointed as the scrutinizer for the 16th AGM.
Financial Resolutions
Under ordinary business, the audited financial statements for the year ended March 31, 2026, will be presented for adoption. A final dividend of ₹0.49 per equity share of ₹10 is proposed for the financial year 2025-26, payable to beneficial owners as of the close of business on September 21, 2026. The AGM will also address the appointment of a director in place of Mr. Umesh A. Bhadreswara, who retires by rotation.
Explanatory Statement on Director Appointments
Detailed explanatory statements are provided regarding the reappointment of Mr. Pravinchandra Kodarlal Gor and Mr. Alpit Pravinchandra Gor. Mr. Pravinchandra Gor, aged 76, is a promoter and has been the Managing Director since the company’s incorporation. His proposed remuneration is capped at ₹36,00,000 per annum, with specific terms for salary, bonus, and other allowances. Mr. Alpit Pravinchandra Gor, aged 48, also a promoter, has served as Whole Time Director since 2010. His proposed remuneration is also capped at ₹36,00,000 per annum, with comparable terms.
E-Voting and Virtual Meeting Instructions
Comprehensive instructions are provided for shareholders regarding remote e-voting and participation in the AGM/EGM via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The e-voting period will be from September 25, 2026, to September 27, 2026. Shareholders are advised to update their contact details with their Depository Participants for seamless participation and voting.
Source: BSE
