Royal Sense board recommended the re-appointment of Rishabh Arora as Managing Director for a three-year term. The directors also scheduled the company’s third annual general meeting for September 28, 2026.

The board meeting concluded on September 3, 2026, at the registered office in Delhi. Shareholders must approve the re-appointment at the ensuing annual general meeting.

Key Board Resolutions

The board approved several administrative and governance matters during the session:

• Re-appointment of Managing Director: Mr. Rishabh Arora was recommended for re-appointment as Managing Director. The term spans from September 28, 2026, to September 28, 2029.
• AGM Scheduling: The third annual general meeting is set for Monday, September 28, 2026.
• Scrutinizer Appointment: Ms. Mayuri Sinha, Proprietor of Mayuri Sinha & Co., was appointed as the scrutinizer for the e-voting process. She replaces Mr. Sumit Bajaj, who was appointed in July 2026.

Leadership Profile

Mr. Arora brings over eighteen years of experience as a Pharmacist to the role. He oversees overall business operations, including business development, administration, and policy formulation. The Nomination and Remuneration Committee recommended his re-appointment.

Royal Sense Limited has approved raising funds up to an aggregate amount of ₹500 Crores through borrowing and the issuance of debt securities. The decision was taken during a board meeting held on July 17, 2026, at the company's registered office in Delhi. The fund raising aims to support the company's capital structure and future growth initiatives, including potential expansion outside India.

The board approved increasing the authorised share capital from ₹10 Crores to ₹20 Crores. This increase involves altering the capital clause of the Memorandum of Association to raise the total equity shares to 2,00,00,000, subject to shareholder approval at the ensuing Annual General Meeting (AGM). The company also approved the acquisition of immovable or movable property and assets for an aggregate amount not exceeding ₹200 Crores.

In addition to financial approvals, the board sanctioned the proposal to set up a branch office or other places of business outside India. The management is authorized to undertake necessary feasibility studies and regulatory assessments for this expansion. The board also approved the Board's Report for the financial year ended March 31, 2026, and the notice convening the 3rd AGM.

The newly constituted Funds Management Committee has been delegated the authority to evaluate and determine the mode, structure, and timing of the fund raising. This committee will also oversee the appointment of intermediaries and the utilization of proceeds. Mr. Sumit Bajaj, Proprietor of Sumit Bajaj & Associates, was appointed as the Scrutinizer for the remote e-voting process and AGM.