Ritco Logistics will convene its Board of Directors on August 4, 2026, to consider the appointment of Ranu Jain as an Additional Director. The proposed appointment is for a term of five years and remains subject to shareholder approval. This governance move aims to strengthen the company’s independent oversight structure.

The meeting is scheduled for 04:30 p.m. at the company’s Corporate Office located at 336, Udyog Vihar, Phase-2, Gurgaon-122016. Pursuant to Regulation 29 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, Ritco Logistics Limited notified the National Stock Exchange of India Ltd. and the Bombay Stock Exchange Limited on July 30, 2026.

Key Details of the Appointment

Gitika Arora, Company Secretary and Compliance Officer of Ritco Logistics Limited, issued the intimation. The Board will also consider other business as may be deemed necessary during the session.

Governance Implications

The appointment of an independent director is a standard governance practice aimed at ensuring unbiased oversight in corporate decision-making. By designating Ranu Jain as both Non-Executive and Independent, Ritco Logistics aligns with regulatory expectations for board diversity and independence. The finalization of this role depends on the subsequent ratification by shareholders, typically through an ordinary resolution at a general meeting.

Ritco Logistics Limited has secured new business worth over ₹75 crore across its Transportation, Fly Ash Logistics, and 3PL & Warehousing verticals, strengthening its position as an integrated logistics solutions provider. The company reported significant contract wins from major clients including OPAL, Megha Engineering & Infrastructure Ltd. (MEIL), and RINL, providing healthy revenue visibility for the coming months. Additionally, the firm announced the appointment of actor Ajay Devgn as the official brand ambassador for its TrucksUp platform to accelerate brand recognition.

Transportation and Fly Ash Logistics Wins

In the Polymer & Petrochemical segment, Ritco secured a one-year transportation contract worth approximately ₹23.95 crore from OPAL, covering movements from Gujarat to the East, North-1, North-3, and South-3 regions. The company also won several contracts in the Steel, Engineering & Industrial Logistics sectors, including a six-month contract from RINL for movements from Vizag to Nagpur and a one-year contract from Pidilite Industries for movements from Raipur to multiple destinations.

Ritco commenced three major Fly Ash transportation projects for MEIL in Bihar with a combined contract value of approximately ₹45.50 crore. The individual contracts are valued at ₹12 crore, ₹15 crore, and ₹18.50 crore, respectively, supporting large-scale infrastructure development projects in the state.

The following table summarises the key contract wins across verticals:

3PL & Warehousing Expansion

The company expanded its integrated logistics services by securing a one-year Rate Contract from OPAL to manage two warehousing facilities located at Kheda and Vapi, Gujarat. This addition highlights customer confidence in Ritco Logistics's capability to deliver end-to-end supply chain management solutions beyond transportation.

TrucksUp Platform Growth and Brand Ambassador

The TrucksUp platform reported strong growth, with FASTag GMV crossing ₹80 crore and a total of 9,162 FASTags issued to date. The platform issued 1,900+ digital fuel cards in June, up from 1,200+ in May, and issued 1,150+ insurance policies with a total premium value of ₹3.60 crore. New platforms, TrucksUpMAX for Large Fleet Owners and GoldPump for fuel station owners, were also launched to enhance competitive advantage.

Ritco Logistics appointed Mr. Ajay Devgn as the Official Brand Ambassador of TrucksUp. The strategic association aims to enhance brand visibility and reinforce the company's commitment to empowering truck owners and transporters under the campaign message "TrucksUp – Ab Apni Chalao."