Ritesh International approved the audited financial statements for FY26 during its 44th Annual General Meeting held on September 28, 2026. The meeting also ratified the reappointment of Ritesh Arora as Managing Director and revised remuneration for Rijul Arora.

The annual general meeting took place at the company's registered office in Sangrur, Punjab. Shareholders considered and adopted the Balance Sheet, Statement of Profit & Loss, and Cash Flow Statement for the year ended March 31, 2026, along with the reports of the Auditors and Directors.

Key resolutions passed

The following ordinary and special resolutions were tabled for shareholder approval:

Governance and leadership updates

Ritesh Arora, who retires by rotation, was approved for reappointment as a director. Additionally, a special resolution was passed to approve his continued role as Managing Director. The meeting also addressed the remuneration structure for Wholetime Director Rijul Arora, with shareholders voting to revise his compensation package.

The appointment of Verma Khushwinder & Co. as Cost Auditor was ratified, including the remuneration payable for the fiscal year 2026-27.

Voting status

The meeting commenced at 11:00 am and concluded at 11:30 am. The company stated that the results of the remote e-voting and the poll conducted at the venue are currently awaited. These results, along with the scrutinizer's report, will be disclosed in due time.

Ritesh International has fixed September 22, 2026, as the record date for determining shareholder eligibility for its 44th Annual General Meeting. The e-voting window runs from September 25 to September 27, 2026.

The company scheduled its AGM for September 28, 2026, at 11:00 am at its registered office in Ahmedgarh, Punjab. The register of members and share transfer books will remain closed from September 23 to September 28, 2026.

Key Board Approvals

The board approved the notice for the 44th AGM on August 29, 2026. Key agenda items include:

• Re-appointment of Mr. Ritesh Arora (DIN: 00080156) as Managing Director.
• Revision in remuneration payable to Mr. Rijul Arora (DIN: 07477956).
• Appointment of CA Keshav Madaan as Internal Auditor for FY27.
• Appointment of M/s Verma Khushwinder & Co. as Cost Auditor for FY27.
• Appointment of CS Ansh Bhambri as scrutinizer for remote e-voting and the AGM.

Director Remuneration Details

Shareholders will vote on special resolutions regarding director compensation. The explanatory statement notes that profits may not be adequate for calculating limits under managerial remuneration due to a drop in margins and demand slowdown in FY26.

Mr. Ritesh Arora (Managing Director)

• Term: Five years from December 14, 2026, to December 13, 2031.
• Salary: ₹5,00,000 per month till March 31, 2027; rising to ₹7,50,000 per month from April 1, 2027, with a 7% annual increment.
• Perquisites: Includes medical reimbursement, leave travel concession, electricity bill up to ₹50,000 per month, and residential maintenance fee up to ₹15,000 per month.

Mr. Rijul Arora (Wholetime Director)

• Term: Three years from October 1, 2026, to September 30, 2029.
• Salary: ₹5,00,000 per month from April 1, 2027, with a 7% annual increment.
• Perquisites: Includes medical reimbursement, leave travel concession, electricity bill up to ₹25,000 per month, and residential maintenance fee up to ₹10,000 per month.

Auditor Appointments

The board appointed new auditors for the financial year ending March 31, 2027. The remuneration for the Cost Auditor requires ratification by shareholders as an ordinary resolution.

The cost audit remuneration is fixed at ₹45,000 plus applicable taxes.

AGM and E-Voting Details

The Annual General Meeting will be held on Monday, September 28, 2026, at 11:00 am. The venue is the registered office located at Momnabad Road, Village Akbarpura, Ahmedgarh, Sangrur, Punjab.

Central Depository Services (India) Limited (CDSL) will provide the e-voting facility. The voting period begins on September 25, 2026, at 9:00 am and ends on September 27, 2026, at 5:00 pm.