Richa Info Systems has secured purchase orders worth Rs 1,22,66,600 from Dental College and Hospital Gujarat for the supply of IT infrastructure and display equipment. The orders, received via email on May 21, 2026, cover a range of hardware including interactive panels, video recorders, and network components. This contract is domestic in nature and does not involve any related party transactions or promoter group interests.

The company disclosed the development in a filing submitted to the National Stock Exchange of India Limited on May 23, 2026. The notification was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with relevant SEBI circulars. Tushar Dineshchandra Shah, Chairman Cum Managing Director, signed the disclosure on behalf of the company.

Order Details

The purchase orders encompass 12 distinct line items catering to the technological requirements of the Gujarat-based institution. The equipment includes high-end interactive panels, surveillance systems, and printing solutions. The total value of the order is inclusive of Goods and Services Tax (GST).

Execution Timeline

The contract stipulates a strict execution schedule for the supply of these goods. According to the disclosure, the order must be executed within 15 days from the date of the purchase order. This timeline requires the immediate mobilization of inventory and logistics by the company to meet the delivery deadline set by the customer.

The Board of Directors of richa info systems convened a meeting on Wednesday, May 13, 2026, commencing at 06:00 PM and concluding at 06:30 PM, during which several significant corporate governance decisions were approved. The board's resolutions, disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, include a new director appointment and the reconstitution of three key board committees.

Appointment of Mrs. Bhartiben Parmar as Additional Director

Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mrs. Bhartiben Parmar (DIN: 11277511) as a Non-Executive Non-Independent Director (Additional) of the company. The appointment is effective from May 13, 2026, for a term of five consecutive years, subject to the approval of shareholders. Mrs. Parmar is not liable to retire by rotation under the terms of her appointment.

The key details of the appointment, as disclosed under Regulation 30 of the SEBI Listing Regulations, are summarised below:

Mrs. Parmar has completed her Secondary School education (10th Pass) and possesses practical experience in corporate management and administration. She has previously served as a Director in an information systems related company for a period of 3 years, during which she gained exposure in business operations, management functions, and decision-making processes.

Reconstitution of Board Committees

The Board also approved the reconstitution of three statutory committees — the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders' Relationship Committee — with effect from May 13, 2026. This reconstitution was undertaken pursuant to changes in the management of the company.

Audit Committee

Nomination & Remuneration Committee

Stakeholders' Relationship Committee

The company has stated that the composition of the Board of Directors remains in compliance with the requirements prescribed under the Companies Act, 2013 and the applicable Listing Regulations. The disclosures were signed by Tushar Dineshchandra Shah, Managing Director (DIN: 03115836), on behalf of Richa Infosystems Limited.