Latest news about Rithwik Facility Management Services
Rithwik Facility Management Shareholders Unanimously Approve Subsidiary Disinvestment Aug 06, 2025
Rithwik Facility Management Services Limited (RFMSL) received unanimous shareholder approval to divest its wholly owned subsidiary, Rithwik Indus Power Private Limited, during an Extraordinary General Meeting on August 5, 2025. The special resolution passed with 100% approval, with 19,84,496 shares voted in favor. The e-voting process saw participation from both promoter groups (79% of their holding) and public non-institutions (25.56% of their holding), representing 64.85% of the company's outstanding shares. The disinvestment complies with Section 180(1)(a) of the Companies Act, 2013, and the company demonstrated strong corporate governance throughout the process.