Ritco Logistics Limited has successfully concluded its independent directors meeting held on March 26, 2026, in compliance with regulatory requirements under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Meeting Completion and Duration

The meeting was conducted pursuant to Regulation 25(3) of the SEBI Listing Regulations 2015 and Section 173 and Schedule IV of the Companies Act, 2013. The session commenced at 10:00 A.M. and concluded at 10:30 A.M. on Thursday, March 26, 2026.

Business Transacted During Meeting

The independent directors successfully completed their review of several critical governance matters during the 30-minute session:

• Performance Review: Assessed the performance of non-independent directors and the Board as a whole
• Chairperson Evaluation: Reviewed the performance of the chairperson, incorporating feedback from both executive and non-executive directors
• Information Flow Assessment: Evaluated the quality, quantity, and timeliness of information flow between company management and the Board of Directors

Corporate Governance Compliance

This meeting represents the completion of the company's annual structured approach to corporate governance for Financial Year 2025-26, ensuring independent oversight of board effectiveness and management performance. The assessment focused on whether the Board receives adequate information to perform its duties effectively and reasonably.

Regulatory Communication

The outcome notification was digitally signed by Gitika Arora, Company Secretary and Compliance Officer, at 10:33:24 on March 26, 2026. The communication has been submitted to both the National Stock Exchange of India Limited and Bombay Stock Exchange Limited as required under listing regulations.

Ritco Logistics Limited has successfully completed its Employee Stock Option Plan (ESOP) amendment process, with shareholders providing overwhelming support of 99.99995% in favor of the resolution through postal ballot. Following the official declaration of results, the company has now fulfilled all regulatory compliance requirements including mandatory newspaper publication.

Overwhelming Shareholder Approval

The company submitted the formal declaration to stock exchanges on March 19, 2026, following the conclusion of the voting process. The postal ballot was conducted entirely through remote e-voting facility, managed by MUFG Intime India Private Limited.

Scrutinizer Validation and Compliance

Mr. Mukun Arora of M/s Mukun Vivek & Company, Practicing Company Secretaries, served as the scrutinizer and submitted his comprehensive report on March 18, 2026. The scrutinizer confirmed that 48 valid folios participated in the voting process, with strong support across all categories.

Category-wise Voting Analysis

The voting results demonstrated unanimous support from promoters and minimal opposition from public shareholders. The RITCO Employees Welfare Trust was excluded from voting as per regulatory guidelines for ESOP-related resolutions.

Regulatory Compliance and Publication

On March 20, 2026, Company Secretary cum Compliance Officer Gitika Arora filed an intimation with NSE and BSE regarding the newspaper publication of voting results. The company published the postal ballot results in Financial Express (English) and Jansatta (Hindi) newspapers, fulfilling Regulation 47 requirements under SEBI LODR Regulations, 2015.

ESOP Amendment Provisions

The approved resolution grants the Compensation Committee enhanced authority to manage vesting periods for employee stock options. The amendment allows the committee to determine, vary, and modify vesting schedules without additional shareholder approval, provided actions remain within the approved framework and applicable regulations. Key features include flexible vesting periods determined at the committee's discretion and maintenance of minimum one-year vesting as per law, with retrospective application to existing unvested options.

The completion of all regulatory filings and newspaper publications marks the successful conclusion of the ESOP amendment process, with the company maintaining full compliance with Companies Act, 2013 and SEBI regulations.