Risa International Limited has scheduled its 32nd Annual General Meeting for September 24, 2026. The meeting will be held via video conferencing at 1:00 pm to adopt audited financial statements for FY26 and re-appoint key management.

The Board of Directors convened the meeting to transact ordinary and special business items under Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders will consider the appointment of Mr. Abhinandan Jain, who retires by rotation, as a Director. Additionally, the company seeks approval for his re-appointment as Whole-time Director for a three-year term.

Director Re-appointment Details

Mr. Abhinandan Jain (DIN: 03199953) is proposed for re-appointment as Whole-time Director effective from August 25, 2026, to August 24, 2029. The resolution requires shareholder approval under Section 196 of the Companies Act, 2013.

The remuneration structure allows for payment up to ten percent of net profits if applicable, subject to Schedule V of the Companies Act, 2013. In the event of inadequate profits, minimum remuneration will continue as per statutory provisions.

Meeting Logistics

The AGM will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs circulars. Remote e-voting will be available from September 21, 2026, at 9:00 am to September 23, 2026, at 5:00 pm via NSDL e-voting services.

The cut-off date for determining eligible members is September 17, 2026. The register of members and transfer books will remain closed from September 18, 2026, to September 24, 2026. Institutional shareholders must submit board resolutions authorizing representatives to vote electronically.

Risa International reported a net loss of ₹145.11 lakh for the financial year ended March 31, 2026, a significant reduction from the net loss of ₹900.22 lakh in the previous year. The company recorded zero revenue from operations and other income for the quarter and year, while total expenses for the year stood at ₹99.68 lakh, compared to ₹900.22 lakh in FY25. The board of directors, in their meeting held on May 29, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The statutory auditors issued an unmodified opinion on the results. The company has also published these audited financial results in newspapers, Active Time and Pratahkal, on June 3, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The board approved the re-appointment of Abhinandan Jain as Whole-time Director for a period of three years effective from August 25, 2026, to August 24, 2029, subject to shareholder approval. Additionally, the board appointed M/s Abhishek R Jain & Co., Chartered Accountant, as the internal auditor for the financial year 2026-27. The meeting also included a review of the company's business operations.

Financial Performance for FY26

The company's financial statements highlighted a reduction in losses driven by lower expenses. Finance costs for the year increased to ₹64.24 lakh from ₹15.77 lakh in the prior year, while employee benefit expenses decreased to ₹10.49 lakh from ₹11.75 lakh. The board did not recommend any dividend for the financial year 2025-26.

Segment Results and Capital Employed

Segment-wise results indicated that both trading and real estate segments reported no revenue for the year ended March 31, 2026. Total segment expenses for the trading segment were ₹35.44 lakh, down from ₹884.45 lakh in the previous year. The capital employed in the trading segment was negative at ₹1,222.02 lakh, while the real estate segment capital employed stood at ₹712.25 lakh.

Assets and Liabilities

The company's total assets decreased to ₹712.36 lakh as of March 31, 2026, from ₹721.01 lakh in the previous year. Total equity stood at a negative ₹509.77 lakh, widening from the negative ₹364.67 lakh reported last year. Current liabilities increased significantly to ₹1,031.23 lakh, driven by a rise in borrowings to ₹1,013.19 lakh compared to ₹207.81 lakh in the prior year.