Riddhi Corporate Services declares AGM voting results, all resolutions pass
- All five resolutions passed with 100% assent from participating shareholders
- Remote e-voting recorded 36,01,561 votes in favor for most ordinary resolutions
- Special resolutions for director reappointments passed with requisite majority excluding interested promoters
- Voting results declared on September 29, 2026, following the AGM held on September 28, 2026
*this image is generated using AI for illustrative purposes only.
Riddhi Corporate Services has declared the voting results for its 16th Annual General Meeting held on September 28, 2026. All resolutions put to vote were passed with requisite majority, receiving 100% assent from shareholders who participated via remote e-voting.
The meeting, conducted virtually via audio-visual means, saw the adoption of audited financial statements for FY26 and the reappointment of key directors. No votes were cast against any resolution during the remote e-voting period or at the meeting itself.
Voting Participation and Quorum
A total of 2,697 shareholders were eligible to vote as of the cut-off date of September 21, 2026. Out of these, 21 shareholders attended the meeting through video conferencing, comprising 6 promoters and promoter group members, and 15 public shareholders. No shareholders attended in person or through proxy.
Remote e-voting was conducted between September 25 and September 27, 2026. The scrutinizer, Amrish Gandhi of M/S. Amrish Gandhi & Associates, certified that all resolutions were passed unanimously by those who voted.
Resolution-wise Voting Results
The following table summarizes the voting outcome for each resolution:
| Resolution | Type | Assent Votes | Dissent Votes | Result |
|---|---|---|---|---|
| Adoption of FY26 Financial Statements | Ordinary | 36,01,561 | 0 | Passed |
| Reappointment of Umesh A. Bhadreswara | Ordinary | 36,01,561 | 0 | Passed |
| Approval of Final Dividend for FY26 | Ordinary | 36,01,561 | 0 | Passed |
| Reappointment of Pravinchandra Kodarlal Gor (MD) | Special | 36,01,561 | 0 | Passed |
| Reappointment of Alpit Pravinchandra Gor (WTD) | Special | 8,64,561 | 0 | Passed |
Note: For Resolutions 4 and 5, promoter group votes were excluded from the count due to interest in the agenda.
Governance and Voting Process
The company utilized remote e-voting facilities administered by Central Depository Services Limited (CDSL). Members present at the virtual meeting who had not voted remotely were provided with e-voting facilities during the session. The results of the voting, combining remote and live votes, have been placed on the company’s website and CDSL’s platform.
Meeting Proceedings
The meeting commenced at 11:30 am and concluded at 11:45 am. Pravinchandra Kodarlal Gor chaired the session, with other key personnel including Chief Financial Officer Hardik Bhavsar and Company Secretary Mustafa Sibatra in attendance. The quorum required under Section 103 of the Companies Act, 2013 was present.
Historical Stock Returns for Riddhi Corporate Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.64% | +5.01% | -2.48% | +7.71% | -16.67% | -66.07% |
How will the unanimous approval of the FY26 final dividend impact Riddhi Corporate Services' cash flow position and future capital allocation strategies?
What are the specific strategic objectives outlined for the reappointed Managing Director, Pravinchandra Kodarlal Gor, in the upcoming fiscal year?
Given the extremely low public shareholder participation (only 15 attendees), what measures is the company planning to implement to enhance retail investor engagement in future meetings?
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