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.

Ritesh International has approved a 50% expansion of its manufacturing capacity at its Ahmedgarh facility to address rising demand for stearic acid, fatty acid, and glycerin. The company plans to increase its daily production capability from 80 metric tons to 120 metric tons, with commercial operations expected to begin in Q1 FY27-28.

The expansion involves a total capital expenditure of ₹7 crore. Financing will be structured through a mix of long-term bank loans amounting to approximately ₹1 crore and internal accruals covering the balance of ₹6 crore. The project is scheduled for completion within approximately eight months.

Strategic Implications

Ritesh Arora, Chairman and Managing Director, stated that existing facilities are operating near peak capacity utilization. The expansion aims to strengthen market share and enhance operating margins by meeting surging customer demand across core markets. The company emphasized that leveraging debt financing alongside internal accruals allows it to maintain a healthy balance sheet while positioning for sustained revenue growth.

What the Numbers Show

The funding structure reveals a strong reliance on internal resources, with internal accruals accounting for approximately 86% of the total ₹7 crore capital expenditure. This suggests limited incremental leverage pressure on the balance sheet, as only ₹1 crore is being raised through external long-term bank debt. This capital-light approach to expansion indicates the company’s current cash generation capabilities are sufficient to support significant capacity additions without heavily diluting equity or increasing interest burden proportionately.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Rijul Arora, CFO and Wholetime Director, signed the intimation on August 17, 2026.