Reetech International Limited has scheduled its 18th Annual General Meeting (AGM) for Wednesday, September 23, 2026, at 1:00 pm at its registered office in Raipur. The company approved its board report and secretarial audit for FY26 during a board meeting held on August 25, 2026.

The company clarified that a previous covering letter inadvertently mentioned the AGM date as September 23, 2025, due to a typographical error. The correct date remains September 23, 2026, as stated in the Annual Report.

Key Agenda Items

The AGM notice outlines four primary resolutions for shareholder approval:

• Adoption of standalone and consolidated financial statements for the financial year ended March 31, 2026.
• Re-appointment of Mrs. Roma Ahuja as a director, who retires by rotation.
• Approval of material related-party transactions under Section 188 of the Companies Act, 2013.
• Alteration of the object clause in the memorandum of association to include new business activities.

Expansion into Real Estate

A significant special resolution seeks to alter the company's object clause by inserting additional objects related to real estate and land trading. The proposed expansion aims to diversify beyond its existing coal trading operations.

The new objects will enable the company to:

• Purchase, acquire, hold, and develop land and immovable properties.
• Undertake real estate development and construction activities.
• Conceptualize and operate logistics parks, warehousing facilities, and industrial parks.

The explanatory statement notes that this alteration is an addition to existing objects and does not affect current business activities, including coal trading. Management believes this diversification provides avenues for growth and value creation.

Related Party Transactions

Shareholders are also asked to approve material related-party transactions for availing or rendering services with the following entities, each capped at ₹10 crore:

These transactions are reviewed by the Audit Committee and are conducted on an arm’s length basis in the ordinary course of business.

Financial Performance

For FY26, the company reported a standalone profit after tax (PAT) of ₹19.33 lakh, reversing a loss of ₹25.37 lakh in FY25. Total income stood at ₹188.82 lakh, down from ₹1,330.23 lakh in the previous year, primarily due to non-generation of revenue from operations.

On a consolidated basis, including the share of profit from associate M. Ahuja Projects India Private Limited, the PAT was ₹40.99 lakh against a loss of ₹433.51 lakh in FY25. The net worth increased to ₹1,505.16 lakh as of March 31, 2026, from ₹1,485.83 lakh in the prior year.

Governance and Compliance

The Board appointed M/s Nitin Agrawal & Co as the scrutinizer for physical ballot voting at the upcoming AGM. The register of members and transfer books will remain closed from September 16, 2026, to September 23, 2026. Voting rights are determined based on shareholding as of the cut-off date, September 16, 2026.

Mahendra Ahuja, Managing Director, signed the outcome letter addressed to the Listing Compliance Department of the Bombay Stock Exchange.

Reetech International returned to profitability in the financial year ended March 31, 2026, reporting a consolidated net profit of ₹40.99 lakh, a significant reversal from the net loss of ₹433.51 lakh recorded in the previous year. The standalone financial results for the period also showed a net profit of ₹19.33 lakh, compared to a net loss of ₹25.37 lakh in FY25. The company's Board of Directors approved the audited financial results for the half year and year ended March 31, 2026, during a meeting held on May 27, 2026.

The company has not generated any revenue from its principal business operations during the year under review, which indicates uncertainty regarding the continuation of its existing business activities. Management has represented that Reetech International is exploring and proposing to commence operations in a new line of business relating to dealing in real estate. The financial results have been prepared on a going concern basis based on management's assessment of future business prospects.

Financial Performance

The consolidated total income from operations for the year ended March 31, 2026, stood at ₹188.82 lakh, a decrease from ₹1,330.23 lakh in the previous year. This decline was primarily due to the absence of revenue from operations, which was nil in FY26 compared to ₹1,192.61 lakh in FY25. Other income for the year increased to ₹188.82 lakh from ₹137.61 lakh in the prior year. Total expenses for the year reduced significantly to ₹172.24 lakh from ₹1,357.13 lakh in FY25, driven by the cessation of stock-in-trade purchases.

The profit before tax for the consolidated results was ₹38.24 lakh for FY26, compared to a loss of ₹435.05 lakh in the previous year. This turnaround was supported by a share of profit of ₹21.66 lakh from the associate company, M/s. M Ahuja Project (India) Private Limited, compared to a loss of ₹408.15 lakh in the prior year. The statutory auditors, Jay Gupta & Associates, issued an unmodified opinion on the standalone and consolidated financial results.

Key Financial Metrics (Consolidated)

Board Decisions and Auditor Appointments

During the Board meeting, the directors also approved the re-appointment of M/s PSNV & Associates LLP as the Internal Auditors of the company for the financial year 2026-27. The appointment was made to comply with the Companies Act, 2013, and the requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 02:00 p.m. and concluded at 05:00 p.m.

The company also informed the Bombay Stock Exchange that Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, pertaining to Related Party Transactions, is not applicable as the company does not meet the applicability criteria prescribed under the said regulation. The net worth of the company as per the audited financial statements for the year ended March 31, 2025, was ₹1,485.83 lakh.