Riddhi Corporate Services declared a final dividend of ₹0.49 per equity share for FY26. The company scheduled its 16th Annual General Meeting for September 28, 2026, to approve the payout and reappoint key management personnel.

The board meeting concluded on September 5, 2026. Shareholders on record as of September 21, 2026 will receive the dividend. The register of members and share transfer books remain closed from September 22 to September 28, 2026.

Key Resolutions

The agenda includes ordinary and special business items:

• Adoption of audited financial statements for the year ended March 31, 2026.
• Reappointment of Umesh A. Bhadreswara as a director by rotation.
• Approval of the final dividend.

Management Reappointments

The board proposed special resolutions to reappoint two promoters for five-year terms starting February 1, 2027:

Both appointments require shareholder approval. Pravinchandra Gor is the father of Alpitkumar Gor. The remuneration includes salary, bonus, cash allowances, and incentives.

What the Numbers Show

The proposed remuneration structure caps annual compensation at ₹36 lakh for both the Managing Director and the Wholetime Director. This represents an increase from their past remuneration of ₹24 lakh per annum. The fixed cap provides clarity on cost obligations while allowing the board discretion to determine specific salary components within the limit.

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.