Rithwik Facility Management appoints Rishabh Dev, Ranjith Patro as directors
Rithwik Facility Management Services Ltd appointed Rishabh Dev Rajshekar Raman and Ranjith Patro as non-executive directors on August 12, 2026. Mrs. Anitha Radhakrishnan resigned from her non-independent role and was immediately appointed as an independent director. The Board also reconstituted the Audit Committee and appointed SVRJNS & Co. as statutory auditors for FY27-FY31.
*this image is generated using AI for illustrative purposes only.
Rithwik Facility Management Services has reshuffled its Board of Directors, appointing two new members while transitioning an existing director to an independent role. The changes were approved during a Board meeting held on August 12, 2026, and are subject to shareholder ratification at the company’s 16th Annual General Meeting scheduled for September 30, 2026.
Mr. Rishabh Dev Rajshekar Raman and Mr. Ranjith Patro were appointed as Additional Directors in the category of Non-Executive and Non-Independent Directors, effective August 12, 2026. Both are liable to retire by rotation pending shareholder approval. Simultaneously, the Board accepted the resignation of Mrs. Anitha Radhakrishnan from her position as a Non-Executive and Non-Independent Director, citing personal and unavoidable circumstances. Effective the same date, she was reappointed as an Additional Director in the category of Non-Executive and Independent Director, not liable to retire by rotation.
New Director Profiles
Mr. Rishabh Dev brings experience in project coordination and client relationship management from his tenure as a Project Consultant at Hanudev Infopark Private Limited since 2015. He holds an undergraduate degree in Psychology and qualifications as a Sports Psychologist and ICF Life Coach. He is related to the company’s Managing Director, Mr. Rithwik Rajshekar Raman, within the meaning of Section 2(77) of the Companies Act, 2013.
Mr. Ranjith Patro is a corporate governance and compliance professional with over a decade of experience in secretarial functions, regulatory compliance, and corporate law. He holds a B.Com., LL.B., and an MBA in Operations Management. He is not related to any existing directors.
Governance and Audit Updates
The Board reconstituted the Audit Committee effective August 12, 2026. Mrs. Anitha Radhakrishnan serves as Chairperson, alongside Independent Directors Mrs. Shama Prasanna Tipparaju and Mr. G. Jayaraman.
The company also appointed M/s. SVRJNS & Co., Chartered Auditors, as its Statutory Auditors for a five-year term commencing from FY27 through FY31. This follows the completion of the five-year term of the previous auditors, M/s. Kalyanasundaram & Associates.
Key Dates
| Event | Date |
|---|---|
| Book Closure Start | September 24, 2026 |
| Book Closure End | September 30, 2026 |
| Record Date for Dividend | September 23, 2026 |
| 16th AGM | September 30, 2026 |
The company confirmed that none of the newly appointed directors have been debarred from holding office by SEBI or any other authority, in compliance with SEBI (LODR) Regulations, 2015.
Historical Stock Returns for Rithwik Facility Management Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | -4.15% | +183.12% |
How might the transition of Mrs. Anitha Radhakrishnan to an Independent Director role impact the independence and decision-making dynamics of the Audit Committee?
What specific strategic initiatives or operational improvements is the company expecting from Mr. Rishabh Dev’s background in psychology and client relationship management?
Given the appointment of a new Statutory Auditor for a five-year term, are there any anticipated changes in audit rigor or financial reporting standards for Rithwik Facility Management Services?
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