Rithwik Facility Management Services has scheduled a meeting of its Board of Directors for Wednesday, August 12, 2026. The proceedings will take place at the company's registered office in Chennai, providing the Board with an opportunity to review operational and financial matters relevant to the ongoing fiscal year.

The company issued a formal intimation to the Listing Department of the Bombay Stock Exchange Limited on August 5, 2026. This notification ensures that market participants are aware of the upcoming corporate governance activity. The communication was signed by S. Jayapandi, the Company Secretary and Compliance Officer, bearing membership number A21909.

Meeting Details

The Board meeting is convened to address agenda items as per the company's internal schedule. While specific resolutions or financial declarations were not detailed in the initial intimation, such meetings typically involve the approval of quarterly results, dividend declarations, or strategic business reviews depending on the timing within the fiscal calendar.

Corporate Governance Context

Rithwik Facility Management Services Limited is listed on the Bombay Stock Exchange under Scrip Code 540843. The company's registered office is located in Guindy, Chennai-32. The timely dispatch of this intimation aligns with regulatory requirements for public disclosures regarding board activities.

Investors and stakeholders should monitor subsequent filings from the company for outcomes of the meeting, including any announcements related to financial performance, capital allocation, or strategic initiatives. The Board's decisions during this session may have implications for the company's near-term trajectory and shareholder value.

Rithwik Facility Management Services Limited reported a net profit of ₹351.30 lakh for the financial year ended March 31, 2026, while revenue from operations stood at ₹4,018.31 lakh. The company's board has recommended a final dividend of Re.1 per equity share, which is subject to the approval of shareholders at the ensuing Annual General Meeting. The record date for the dividend distribution will be announced in due course.

The standalone audited financial statements for the half-year and year ended March 31, 2026, were approved by the Board during its meeting held on May 28, 2026. Kalyanasundaram & Associates, the statutory auditors, provided an unqualified opinion on the financial statements, confirming they give a true and fair view of the company's state of affairs. The auditors noted that the company has adequate internal financial controls over financial reporting that were operating effectively as of March 31, 2026, except for a matter discussed in an additional note.

Total income for the year rose to ₹4,076.01 lakh, compared to ₹4,272.09 lakh in the previous year. The company managed its expenses effectively, with total expenses for FY26 recorded at ₹3,604.26 lakh, a decrease from ₹3,796.14 lakh in FY25. Finance costs also reduced to ₹30.02 lakh from ₹42.25 lakh in the prior year. Earnings per share (EPS) for the year increased marginally to ₹11.48 from ₹11.44 in the previous year.

On the balance sheet front, the company's total assets stood at ₹3,479.70 lakh as of March 31, 2026, up from ₹3,304.49 lakh a year earlier. Shareholders' equity improved to ₹2,707.01 lakh from ₹2,386.31 lakh, driven by an increase in reserves and surplus to ₹2,401.01 lakh. Cash and cash equivalents surged to ₹804.73 lakh from ₹542.04 lakh, bolstered by strong cash flow from operating activities, which amounted to ₹305.74 lakh for the year.

The auditors' report highlighted certain statutory dues and contingent liabilities. Undisputed tax deductions at source (TDS) of ₹53,390 were outstanding for the financial year 2025-26. Additionally, the company is involved in disputes regarding Income Tax for Assessment Year 2017-18, amounting to ₹20,69,915, and Goods and Services Tax for FY 2017-18, amounting to ₹20,38,003. The company has preferred appeals against these demands, and the hearings are currently pending.

Financial Performance Summary

Balance Sheet Highlights