Riddhi Display Equipments Limited successfully conducted its Extra Ordinary General Meeting (EGM) on 15 May 2026 at its registered office in Bhojpara, Rajkot, Gujarat. The meeting commenced at 11:30 AM and concluded at 11:40 AM, with shareholders participating through video conferencing. A total of 739 shareholders were on record as of the cut-off date of 08 May 2026, and two resolutions were placed before the members for approval.

Meeting and Voting Overview

The remote e-voting window for the EGM opened on Tuesday, 12 May 2026 at 09:00 AM (IST) and was blocked on Thursday, 14 May 2026 at 5:00 PM. Votes were unblocked on Friday, 15 May 2026 around 03:30 PM following the conclusion of the e-voting period, in the presence of two independent witnesses. The e-voting facility was provided by Central Depository Services (India) Limited (CDSL). CS Himanshu K. Togadiya, Proprietor of H Togadiya & Associates, Practicing Company Secretaries, was appointed as the Scrutinizer by the Board of Directors at its meeting held on 23 April 2026.

Key meeting and voting parameters are summarised below:

Resolution 1: Appointment of Non-Executive Independent Director

The first resolution, classified as a Special Resolution, sought the regularisation and appointment of Mr. Alpeshkumar Chandulal Gajera (DIN: 11527339) as a Non-Executive Independent Director of the company. The promoter and promoter group were not interested in this agenda item. The resolution was passed with requisite majority, with 99.9% of votes cast in favour.

The detailed voting results for Resolution 1 are as follows:

Of the 13 members who voted through remote e-voting, 6,304,789 votes were cast in favour and 6,000 votes were cast against, representing 99.9% and 0.1% of total votes polled, respectively.

Resolution 2: Change in Designation of Director

The second resolution, classified as an Ordinary Resolution, proposed the change in designation of Mrs. Hansaben Shaileshbhai Pipaliya (DIN: 00832937) from Executive Director to Non-Executive Director. The promoter and promoter group were noted as interested in this agenda item. The resolution was passed with requisite majority, with 100% of votes cast in favour.

The detailed voting results for Resolution 2 are as follows:

All 14 members who voted through remote e-voting cast their votes in favour, with 6,310,789 votes recorded in favour and zero votes against.

Scrutinizer's Findings

CS Himanshu Togadiya confirmed that the scrutinizing process was conducted in a fair and transparent manner, based on data and reports generated from CDSL. Votes cast through e-voting were reconciled with records maintained by the Registrar and Share Transfer Agent of the company. The scrutinizer's report was dated 15 May 2026 and issued to the company on 16 May 2026. The report was countersigned by Shaileshbhai Ratibhai Pipaliya, Managing Director of Riddhi Display Equipments Limited. All relevant records were handed over to the Chairman for safe keeping.

Riddhi Display Equipments Limited has announced several key board changes and corporate governance updates following its board meeting held on April 23, 2026. The company has also scheduled an Extraordinary General Meeting to seek shareholder approval for certain appointments and designation changes.

Board Meeting Outcomes

The board meeting, which commenced at 4:00 p.m. and concluded at 5:00 p.m. on April 23, 2026, addressed multiple governance matters in compliance with SEBI regulations. The company filed a corrigendum on April 24, 2026, to provide additional documentation including the formal resignation letter from the departing director.

Director Resignation and New Appointment

The board noted the resignation of Mr. Chand Rameshbhai Kanabar (DIN: 10706050) from his position as Independent Director, effective from business hours of March 28, 2026. His resignation was attributed to personal reasons, with confirmation that no other material reasons contributed to his departure.

Simultaneously, the board approved the regularization of Mr. Alpeshkumar Chandulal Gajera (DIN: 11527339) as Independent Director, based on the Nomination and Remuneration Committee's recommendation. Dr. Gajera brings over 16 years of teaching and administrative experience in management education.

Designation Change

The board approved changing the designation of Hansaben Shaileshbhai Pipaliya (DIN: 00832937) from Executive Director to Non-Executive Director. This change will become effective from the date of the ensuing Extraordinary General Meeting, subject to shareholder approval.

Extraordinary General Meeting

An Extraordinary General Meeting has been scheduled for Friday, May 15, 2026, to be conducted through video conferencing and other audio-visual means. The EGM will seek shareholder approval for:

• Regularization of Mr. Alpeshkumar Chandulal Gajera as Independent Director
• Change in designation of Hansaben Shaileshbhai Pipaliya from Executive Director to Non-Executive Director

Compliance and Governance Updates

The board received and noted several compliance-related matters during the meeting. Directors submitted their general notices of disclosure of interest in Form MBP-1 for Financial Year 2026-27, as required under Section 184(1) of the Companies Act, 2013. Independent Directors also provided declarations confirming their independence criteria under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of SEBI Listing Regulations.

The company expressed appreciation for Mr. Kanabar's valuable contributions during his tenure as Independent Director and confirmed that all regulatory filings and disclosures have been completed in accordance with SEBI requirements.