Riga Sugar Co. Limited shareholders approved all four resolutions proposed at its 42nd Annual General Meeting held on September 15, 2026.

The meeting, conducted via video conferencing, saw unanimous support from the promoter group for ordinary business items, including the adoption of audited standalone financial statements for FY26 and the re-appointment of retiring directors.

Voting Outcome

All nine shareholders of record as on September 11, 2026 participated in the voting process exclusively through remote e-voting. No public shareholders or institutional investors cast votes during the remote period or at the meeting.

The promoter group, holding 1,44,43,405 shares, voted in favor of every resolution with a 100% approval rate on polled votes. There were zero votes against any agenda item.

Resolutions Passed

The following ordinary resolutions were duly passed:

• Adoption of audited standalone financial statements for the year ended March 31, 2026, along with Board and Auditor reports.
• Re-appointment of Mr. Vishal Nirani (DIN: 08434032), who retires by rotation.
• Re-appointment of Mr. Sangamesh Nirani (DIN: 02290469), who retires by rotation.
• Appointment of Arora Shekhar and Company as Secretarial Auditor.

What the Numbers Show

The voting data reveals complete concentration of shareholder participation within the promoter group. With only nine total shareholders recorded as on the cut-off date and zero public participation, the governance outcomes reflect unified promoter control rather than broad-based institutional consensus. The absence of any dissenting votes across all four items indicates no internal friction regarding management continuity or financial reporting for FY26.

Riga Sugar Company Limited has issued a postal ballot notice seeking member approval to shift its registered office from West Bengal to Karnataka. The corporate action follows the company's acquisition by Nirani Sugars Limited as a going concern under the Insolvency and Bankruptcy Code, 2016.

The Board of Directors proposes the move to achieve greater administrative convenience and closer coordination with the promoter group, whose principal offices are located in Karnataka. The registered office will relocate from Kolkata to Bagalkot district in Karnataka.

Key Dates for Postal Ballot

Members holding shares as on the cut-off date of August 14, 2026, are eligible to vote. The remote e-voting period runs from August 31, 2026, to September 29, 2026.

Operational Impact

The explanatory statement clarifies that the shift in registered office will not alter the company's business operations or the location of its manufacturing facility in Riga, Sitamarhi district, Bihar. The company stated that no employees will be retrenched as a consequence of the proposed shift.

The resolution requires a special majority of members and subsequent confirmation from the Central Government, with powers delegated to the Regional Director. Mr Sandeep Singh, Practising Company Secretary, has been appointed as the scrutinizer for the postal ballot process.