Ridhi Synthetics Limited has appointed Mr. Ashish Rameshwar Agarwal as an Independent Director following the approval of shareholders at its Extra-Ordinary General Meeting (EGM) held on June 24, 2026. The resolution to appoint Mr. Agarwal (DIN: 11385082) was passed with a requisite majority, receiving 100% of the votes polled. The appointment strengthens the company's board governance structure as it moves forward with its strategic objectives.

The EGM was convened at the Registered Office of the company in Mumbai. The meeting commenced at 3:00 p.m. and concluded at 3:20 p.m. IST. Mr. Vishal Chaturvedi, Whole-Time Director and Chairperson, presided over the proceedings. The voting process was conducted via remote e-voting and polling on the day of the meeting, overseen by Mr. Hitesh J. Gupta, a Practising Company Secretary appointed as the Scrutinizer.

Remote e-voting facilities were provided to members in compliance with the Companies Act, 2013. The e-voting period was open from June 21, 2026, to June 23, 2026. Shareholders as on the cut-off date of June 16, 2026, were entitled to vote on the resolutions. The results were declared on June 25, 2026, and communicated to the stock exchange.

Voting Results Summary

Key Attendees

Ridhi Synetics has published the notice for its Extraordinary General Meeting (EGM) scheduled on June 24, 2026, in newspapers to seek shareholder approval for the appointment of Mr. Ashish Rameshwar Agarwal as an Independent Director. The notice was published in “The Free Press Journal” (English) and “Navshakti” (Marathi) on June 2, 2026. The meeting will be held at the company's registered office in Mumbai to transact the business through a special resolution. The appointment, if approved, will be for a term of five consecutive years effective from March 28, 2026, until March 27, 2031, and the appointee will not be liable to retire by rotation.

The Board of Directors initially appointed Mr. Agarwal as an Additional Director in the capacity of an Independent Director on March 28, 2026, subject to shareholder approval. Mr. Agarwal is a Chartered Accountant with over seven years of experience in corporate and financial matters. He has submitted a declaration confirming he meets the independence criteria prescribed under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also received his consent to act as a director and confirmation that he is not disqualified under Section 164(2) of the Companies Act, 2013.

Shareholders can participate in the decision-making process through remote e-voting, which commences on June 21, 2026, at 9.00 a.m. and concludes on June 23, 2026, at 5.00 p.m. The list of shareholders entitled to vote will be reckoned based on holdings as on June 16, 2026. Mr. Hitesh Gupta has been appointed as the Scrutinizer to ensure the e-voting process is conducted fairly and transparently. The results of the EGM will be declared on or after June 24, 2026.

The notice for the EGM was dispatched to members on June 1, 2026. Mr. Agarwal does not hold any shares or securities of the company, and apart from him and his relatives, no other directors or key managerial personnel are interested in the resolution. The Board has recommended the special resolution for approval by the members.

Details of the Director Proposed for Appointment