Ritco Logistics Limited has requested a lenient view from the National Stock Exchange and Bombay Stock Exchange regarding the delayed submission of proceedings for its 25th Annual General Meeting (AGM). The company acknowledged that the filings were submitted after the revised regulatory deadline, attributing the lapse to an inadvertent misunderstanding of updated disclosure timelines.

The 25th AGM was held on September 30, 2026, via Video Conferencing and Other Audio-Visual Means. The meeting commenced at 3:00 pm and concluded at 3:21 pm. According to the company's clarification, the proceedings were submitted to the stock exchanges on October 1, 2026, at 1:25 pm. This submission time exceeded the current mandatory window for disclosure.

Regulatory Timeline Misunderstanding

The delay stemmed from the company continuing to follow the earlier disclosure requirement of 24 hours post-meeting. However, under Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with a circular dated January 30, 2026, the applicable timeline for disclosing AGM proceedings was reduced to 12 hours from the conclusion of the meeting.

Ritco Logistics stated that it inadvertently continued to adhere to the erstwhile 24-hour norm. The company emphasized that the delay was neither deliberate nor intended to withhold material information from shareholders or the exchanges. It assured regulators that appropriate steps are being taken to reinforce internal compliance monitoring to ensure strict adherence to the revised timelines in the future.

AGM Proceedings Summary

The meeting was chaired by Man Mohan Pal Singh Chadha, Chairperson of the company. Key resolutions passed during the AGM included:

• Adoption of the Audited Consolidated and Standalone Balance Sheet for the year ended March 31, 2026.
• Re-appointment of directors liable to retire by rotation.
• Change in designation of Ranu Jain from Additional Director to Independent Director.

Voting was conducted through remote e-voting and e-voting during the meeting, facilitated by MUFG Intime India Pvt Ltd. The scrutinizer for the voting process was M/s Mukun Vivek & Company, Company Secretaries.

The company resubmitted the proceedings along with the clarification letter, requesting the exchanges to condone the inadvertent delay without initiating any penal action.

Ritco Logistics Limited shareholders unanimously approved all resolutions at the 25th Annual General Meeting held on September 30, 2026. The meeting, conducted via Video Conferencing, saw the adoption of audited financial statements for the fiscal year ended March 31, 2026.

The meeting was chaired by Man Mohan Pal Singh Chadha, Chairperson and Whole-Time Director. Out of 9,976 shareholders as on the record date of September 23, 2026, 44 shareholders attended the virtual session. The proceedings were conducted in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013.

Voting results on key resolutions

The scrutinizer's report detailed the voting outcomes for three specific agenda items. Remote e-voting facilities were provided by MUFG Intime India Pvt Ltd. Voting commenced at 9:00 am on September 27, 2026, and concluded at 5:00 pm on September 29, 2026. M/s Mukun Vivek & Company served as the scrutinizer.

For Resolution 1, which involved adopting the Balance Sheet and Profit and Loss Account for FY26, 18,600,489 votes were cast in favour against just 8 votes against. This resolution was passed as an Ordinary Resolution.

Director re-appointments and exclusions

Resolution 2 concerned the re-appointment of Sanjeev Kumar Elwadhi as Managing Director, who retired by rotation. A significant procedural note was recorded regarding this vote: 8,971,200 shares were excluded from the voting count due to conflict of interest. These shares were held by Mr. Elwadhi himself and related parties, including Roma Wadhwa, Shyam Sunder Elwadhi, and Ritco Leasing and Finance Private Limited. Consequently, only 9,629,289 eligible votes were counted in favour, with 8 votes against.

Resolution 3, a Special Resolution, regularized the appointment of Ranu Jain as an Independent Director. He was initially appointed as an Additional Director on August 4, 2026. The resolution confirmed his term for five years effective from that date. This motion received 18,600,489 votes in favour and 8 against.

Attendees and governance structure

Key managerial personnel and directors participated in the meeting. The attendance list included:

Roma Wadhwa also attended on behalf of Vikram Suri, Independent Director and Audit Committee Chairperson. The meeting concluded with a vote of thanks at 3:21 pm.