Ritesh International Limited Shareholders Approve Equity Share Issuance on Preferential Basis

Ritesh International Limited , a Punjab-based company, recently held an Extra-Ordinary General Meeting (EGM) where shareholders approved a significant corporate action. The meeting, which took place on October 30, 2025, saw the passage of a special resolution for the issuance of equity shares on a preferential basis.

Key Meeting Details

The EGM was conducted with both electronic and physical voting facilities:

E-voting Period: October 27-29, 2025
Physical Voting: Available at the EGM venue
Meeting Date: October 30, 2025
Venue: Momnabad Road, Village Akbarpura, (Ahmedgarh) District Sangrur, Punjab
Record Date: October 24, 2025

Shareholder Participation

The company reported a total of 13,894 shareholders on the record date, with the following breakdown of attendance at the EGM:

Category	Number of Attendees
Promoters and Promoter Group	3
Public Shareholders	31

Voting Results

The special resolution for the issuance of equity shares on a preferential basis was passed with the requisite majority. Here's a summary of the voting results:

Category	Total Shares Held	Votes Polled	% of Votes Polled	Votes in Favor	% in Favor
Promoter and Promoter Group	3,681,947	3,046,281	82.74	3,046,281	100.00
Public - Non Institutions	4,870,875	17,406	0.36	17,406	100.00
Total	8,552,822	3,063,687	35.82	3,063,687	100.00

The voting process was overseen by Mr. Ansh Bhambri, a Practicing Company Secretary, who was appointed as the scrutinizer for both e-voting and physical ballot/poll conducted at the EGM.

Disclosure and Reporting

Following the meeting, Ritesh International Limited promptly communicated the voting results to BSE Limited on November 3, 2025, in compliance with regulatory requirements. The company's Wholetime Director, Rijul Arora, signed off on the official declaration of results.

This corporate action signifies a strategic move by Ritesh International Limited, potentially aimed at raising capital or facilitating other corporate objectives. Shareholders and market observers will likely be keen to see how this preferential issue of equity shares impacts the company's capital structure and future plans.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.32%	-1.73%	+9.13%	+62.33%	+119.50%	+409.73%

Ritesh International Limited , a publicly traded company, has announced several significant corporate appointments following its 43rd Annual General Meeting (AGM) held on September 19, 2025. The company has made strategic decisions regarding its board composition and auditor appointments, demonstrating its commitment to corporate governance and compliance.

Secretarial Auditor Appointment

In a move to strengthen its compliance framework, Ritesh International has appointed M/s Bhambri & Associates as the company's Secretarial Auditor for a period of five consecutive years, from the financial year 2025-26 to 2029-30. The appointment will be effective from May 21, 2025. M/s Bhambri & Associates, led by Mr. Ansh Bhambri, brings considerable expertise to the role. Mr. Bhambri is a Fellow member of the Institute of Company Secretaries of India with extensive experience in secretarial audits, corporate compliances, and dealings with regulatory bodies.

Board Reappointments

The company has also announced the reappointment of two Non-Executive & Independent Directors:

Mrs. Kajal Rai (DIN: 07366983) has been reappointed for a second term of five years, effective from October 1, 2025.
Ms. Komal Bhalla (DIN: 09106916) has been reappointed for a second term of five years, commencing from April 30, 2026.

These reappointments were approved as special resolutions during the AGM, indicating strong shareholder support for the continuation of these directors on the board.

Director Reappointment

Mr. Rijul Arora (DIN: 07477956), who was retiring by rotation, has been reappointed to the board. This appointment was passed as an ordinary resolution during the AGM.

Other Key Resolutions

The AGM also saw the passage of several other important resolutions:

Adoption of the Audited Financial Statements for the financial year ended March 31, 2025.
Ratification of the remuneration payable to the Cost Auditor (Verma Khushwinder & Co.) for the financial year 2025-26.
Approval of Related Party Transactions.

All resolutions put forth at the AGM were passed with the requisite majority, as confirmed by the scrutinizer's report.

These appointments and reappointments reflect Ritesh International's focus on maintaining a strong governance structure and ensuring compliance with regulatory requirements. The mix of continuity in board composition and the introduction of new expertise in secretarial audit is likely to support the company's corporate governance practices in the coming years.