Scrutinizer''s Report of Extra-Ordinary general meeting of Riddhi Display Equipments Limited held on 15th May, 2026 pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure ....
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Riddhi Display Equipments Ltd held an EGM on 15th May 2026 where two resolutions were passed. First, Mr. Alpeshkumar Chandulal Gajera was appointed as a Non-Executive Independent Director with 99.9% shareholder approval (6,304,789 votes in favor, 6,000 against). Second, Mrs. Hansaben Shaileshbhai Pipaliya's designation was changed from Executive Director to Non-Executive Director, passing with 100% unanimous approval. The meeting was conducted via video conferencing with only 10 shareholders attending in person. Total voting participation was 73% of outstanding shares, with low retail participation from public non-institutions at just 5.68%.
The appointment of a new independent director strengthens board governance, while the designation change for a promoter-related party suggests potential restructuring of management roles. Both resolutions passed with overwhelming majority support.