Royal India Corporation Limited shareholders approved the appointment of Rishabh Sareen as an Executive and Non-Independent Director during its Extra-Ordinary General Meeting (EGM) held on July 30, 2026. The resolution passed via special resolution, formalizing Sareen’s role within the company’s leadership structure. The meeting, conducted through Video Conferencing/Other Audio-Visual Mode (VC/OAVM), commenced at 11:45 a.m. IST and concluded at 12:05 p.m. IST, with eighty-four members attending to vote on the proposal.

The EGM was convened in accordance with Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Nitin Gujral, Chairman and Managing Director, presided over the meeting. Jinal Shah, Company Secretary, managed the procedural aspects, including the remote e-voting process which ran from July 27, 2026, to July 29, 2026. Voting rights were determined based on shareholding as of the cut-off date, July 23, 2026.

Key Attendees

The following directors participated in the meeting via VC:

Saurav Sharma, Executive Director, was unable to attend due to prior commitments. Mohit Kothari, Chief Financial Officer, and Jinal Shah, Company Secretary, represented the management team. Kaushal Doshi served as the Scrutinizer for the e-voting process.

Resolution Details

The sole agenda item was the approval of Rishabh Sareen’s appointment. The special resolution required shareholder consent to formalize his position as an Executive and Non-Independent Director. The management provided briefs on the resolution before opening the floor for questions from registered speakers. Clarifications were provided by the management team during the Q&A session.

What the Numbers Show

The attendance of eighty-four members indicates active shareholder engagement in governance matters. The use of VC/OAVM aligns with regulatory guidelines issued by the Ministry of Corporate Affairs, ensuring accessibility while maintaining compliance. The appointment strengthens the executive leadership team, adding depth to the board’s operational oversight capabilities.

Royal India Corporation Limited has scheduled an Extra-Ordinary General Meeting (EGM) on July 30, 2026, to seek shareholder approval for the appointment of Mr. Rishabh Sareen as Executive and Non-Independent Director. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) at 11:45 A.M. IST. The appointment is proposed for a tenure of five years, effective from April 30, 2026, with remuneration not exceeding ₹6,00,000 per annum.

The Board has approved the convening of the EGM to comply with Regulation 17(1C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice for the meeting was sent on July 8, 2026, electronically to members whose email addresses are registered with the company or its Registrar & Share Transfer Agent (RTA), MUFG Intime India Pvt. Ltd., with no physical copies being dispatched. The company has engaged NSDL to facilitate the remote e-voting process.

Key Meeting Details

Members attending the meeting through VC/OAVM shall be counted for the purpose of quorum under Section 103 of the Companies Act, 2013. Shareholders holding shares in physical form or those whose email addresses are not registered are advised to update their details with the RTA to ensure they receive the notice and can participate in the e-voting process. The register of members and share transfer books will remain closed from July 24, 2026, to July 30, 2026.