Rithwik Facility Management Services has fixed September 23, 2026 as the record date to determine shareholder eligibility for its proposed final dividend of ₹1 per equity share for FY26. The company notified the Bombay Stock Exchange on September 7, 2026, confirming that dividends will be paid within 30 days of declaration by shareholders at the Annual General Meeting.

The Board of Directors had previously recommended the dividend, which represents a 10% payout on the face value of ₹10 per share. This recommendation follows the filing of the company's annual report for FY26, where it reported total revenue from operations of ₹40.18 crore, a decline of 5.39% from ₹42.47 crore in FY25. Despite the revenue contraction, net profit remained stable at ₹3.51 crore, marginally up from ₹3.50 crore in the prior year.

Financial Performance

Total revenue fell to ₹40.18 crore in FY26, driven by a sharp drop in turnkey project revenue which contracted from ₹4.56 crore to ₹0.97 crore. Maintenance revenue grew modestly to ₹15.21 crore from ₹13.91 crore, while power supply revenue remained flat at ₹24.00 crore.

Profit before interest, depreciation, and taxes (PBDIT) stood at ₹5.37 crore, slightly lower than ₹5.50 crore in FY25. Operating profit margins improved to 11.74% from 11.21%, aided by controlled operating expenses of ₹25.38 crore against ₹28.96 crore previously. Finance costs decreased to ₹0.30 crore from ₹0.42 crore as the company reduced borrowings.

Operational Highlights

The company expanded its maintenance footprint to 9,48,622 sq ft across 73 clients, up from 8,74,822 sq ft and 71 clients in FY25. Management highlighted steady progress in core facility management services despite a dynamic business environment. The firm disinvested its entire stake in wholly-owned subsidiary Rithwik Indus Power Private Limited in November 2025 due to regulatory changes.

Corporate Governance & AGM

The 16th Annual General Meeting is scheduled for September 30, 2026, at the registered office in Chennai. Shareholders holding equity as of September 23, 2026, are eligible to vote. Remote e-voting will be open from September 27 to September 29, 2026.

The agenda includes the appointment of M/s SVRJNS & Co as statutory auditors for a five-year term. Three special resolutions seek approval for director regularizations:

• Mr. Rishabh Dev Rajshekhar Raman (DIN: 03641626)
• Mr. Ranjit Patro (DIN: 11802505)
• Mrs. Anitha Radhakrishnan (DIN: 02820945), appointed as Independent Director for five years ending August 11, 2031

All three were initially appointed as Additional Directors on August 12, 2026. The share transfer books remain closed from September 24 to September 30, 2026.

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

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.