Riddhi Siddhi Gluco Biols Limited (RSGBL) reported Q1 revenue of ₹14,543.42 lakhs, up from ₹288.91 lakhs year-over-year. Profit after tax reached ₹1,831.61 lakhs. The board reappointed Ganpatraj Chowdhary as Managing Director and Siddharth Chowdhary as Whole-Time Director for three years. Mahendra Kumar Bhandari was reappointed as Independent Director for five years. The 34th AGM is scheduled for September 25, with September 18 as the record date for final dividend. Material related party transactions with subsidiary Shree Rama Newsprint Limited were approved, subject to shareholder approval.
11Aug 25
Riddhi Siddhi Gluco Biols Shareholders Approve Key Related Party Transactions with Bluecraft Agro
Riddhi Siddhi Gluco Biols Limited (RSGL) concluded its postal ballot e-voting process with shareholders approving two significant ordinary resolutions related to Bluecraft Agro Private Limited (BAPL). Both resolutions received 98.61% votes in favor. The approved resolutions include making investments in BAPL securities and modifying existing related party transactions with BAPL. Out of 71,29,786 total shares, 2,96,732 votes were polled, representing 4.16% participation. The promoter group, holding 53,14,752 shares, abstained from voting due to their interested party status.