Rithwik Facility Management Services Limited declared a final dividend of ₹1 per equity share for the financial year ended March 31, 2026. The payout was approved by shareholders at the company's 16th Annual General Meeting held on September 30, 2026.

The meeting also saw the adoption of the audited standalone financial statements for FY26. Shareholders approved the appointment of M/s. SVRJNS & Co, Chartered Accountants, as the new statutory auditors of the company. The firm holds Registration No. 019519S.

Board and governance changes

Several director appointments were ratified during the proceedings. The resolutions included the appointment of three new directors to strengthen the board's composition.

The board noted that there were no qualifications in the statutory auditors' report on the financial statements. Similarly, the secretarial audit report submitted by Arun Kumar Khandelwal, a practising company secretary, contained no qualifications.

Voting and compliance

The company provided remote e-voting facilities to members from September 27, 2026, to September 29, 2026. Voting results are scheduled to be declared within 48 hours of the meeting's conclusion. A total of 22 shareholders attended the meeting in person or through electronic means.

Key managerial personnel present included Chief Financial Officer Suresh Babu T and Company Secretary S. Jayapandi. Independent directors Shama Prasanna Tipparaju, G. Jayaraman, and Anitha Radhakrishnan were also in attendance. The meeting was chaired by Whole-Time Director V. Niranjan Rao.

AGM voting results

Voting results for the 16th AGM were submitted to the Bombay Stock Exchange on October 1, 2026. All six resolutions proposed at the meeting were passed with 100% votes in favour and zero votes against.

Resolution-wise voting summary

Voter participation details

A total of 87 shareholders were on the register as of the record date, September 23, 2026. Of these, 22 shareholders participated in the voting process, comprising one promoter/promoter group member and 21 public shareholders. No shareholders attended via video conferencing.

For most resolutions, 18 members cast their votes through remote e-voting before the AGM, representing 28,45,496 shares. For the appointment of Mr. Ranjit Patro, 17 members voted, representing 28,39,496 shares, with one member abstaining from voting on this specific resolution. No invalid votes were recorded for any resolution.

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.