Riddhi Corporate Services Limited has recommended a final dividend of ₹0.49 per equity share of ₹10 each for the financial year ended March 31, 2026. The announcement followed a Board meeting held on May 30, 2026, at the company's registered office in Ahmedabad, where the audited financial results for the quarter and year ended March 31, 2026, were approved. The dividend is payable upon shareholder approval at the ensuing Annual General Meeting.

The company reported a revenue from operations of ₹51,343.01 lakh for FY26, compared to ₹25,528.66 lakh in the previous year. Profit for the period stood at ₹895.10 lakh, a decrease from ₹1,354.40 lakh in FY25. For the quarter ended March 31, 2026, revenue from operations was ₹13,750.41 lakh, with a profit of ₹166.59 lakh. The earnings per share (EPS) for the year was ₹6.99, down from ₹11.35 in the prior year.

Financial Performance

The audited financial statements, prepared in accordance with Ind AS, were reviewed by the Audit Committee and approved by the Board. Statutory auditors Aparajita V. Shah & Co. issued an audit report with an unmodified opinion on the standalone financial results. The auditors noted no material fraud by the company or its officers during the year and confirmed that the company has adequate internal financial controls over financial reporting that were operating effectively.

Regulatory Compliance

The company submitted the results to the Bombay Stock Exchange in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mustafa Mufaddal Bhai Sibatra, Compliance Officer & Company Secretary, submitted the intimation. The auditors also confirmed compliance with Section 123 of the Companies Act, 2013 regarding the dividend declared. The company stated that no funds were advanced or invested with the understanding that they would be lent to identified ultimate beneficiaries, nor were any funds received with similar understanding.

Riddhi Corporate Services Limited appointed M/s. Aparajita V Shah & Co as its statutory auditor to fill a casual vacancy at its Extraordinary General Meeting (EGM) held on May 23, 2026. The resolution to appoint the Ahmedabad-based firm received overwhelming shareholder approval, with 99.9999% of votes cast in favor. The appointment fills the vacancy created by the resignation of M/s Nitin K Shah & Co.

The EGM was conducted via video conferencing and other audio-visual means, with 17 shareholders attending through this facility. Remote e-voting was conducted between May 20, 2026, and May 22, 2026, using the CDSL e-voting platform. Mr. Amrish Gandhi of Amrish Gandhi & Associates served as the Scrutinizer for the process, overseeing the electronic voting mechanism.

Voting Results

The ordinary resolution to confirm the appointment of M/s. Aparajita V Shah & Co was passed with a significant majority. A total of 3,878,293 votes were cast in favor, while only 2 votes were cast against the resolution. No invalid votes were recorded during the process.

The meeting confirmed the requisite quorum under Section 103 of the Companies Act, 2013. The scrutinizer's report, including the detailed voting results, will be made available on the company's website and the CDSL platform. The results have also been communicated to the Stock Exchange in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.