Ritesh International Announces Key Board and Auditor Appointments

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.

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 player in the non-edible oils segment, has reported a significant increase in both revenue and profitability for the first quarter. The company's board approved the un-audited financial results for the quarter ended June 30, on August 7.

Financial Highlights

Revenue from operations stood at ₹3,504.73 lakh, marking a 32.7% increase from ₹2,641.04 lakh in the same quarter last year.
Net profit surged to ₹37.55 lakh, up 162.2% from ₹14.32 lakh in the corresponding quarter of the previous year.
Earnings per share (EPS) improved to ₹0.44 for both basic and diluted calculations, compared to ₹0.17 in Q1 of the previous year.

Operational Performance

The company's total expenses for the quarter were ₹3,449.59 lakh, with the cost of materials consumed being the largest component at ₹2,601.99 lakh. This indicates efficient cost management despite the significant increase in revenue.

Key Financial Metrics

Particulars (in ₹ lakh)	Current Q1	Previous Q1	YoY Change
Revenue from Operations	3,504.73	2,641.04	+32.7%
Net Profit	37.55	14.32	+162.2%
Total Expenses	3,449.59	2,623.95	+31.5%
EPS (in ₹)	0.44	0.17	+158.8%

Audit Review

The financial results were reviewed by the statutory auditors, M/s Ashok Shashi & Co., and subsequently approved by the Board of Directors. The audit committee also reviewed the results before the board approval.

About Ritesh International Limited

Ritesh International Limited operates in the non-edible oils segment. The company's registered office is located at Momnabad Road, Village Akbarpura, (Ahmedgarh) District Sangrur, Punjab.

Investors and stakeholders can find more detailed information about the company's performance in the full financial report available on the company's website and stock exchange filings.