Rishabh Instruments Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 30, 2025
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Rishabh Instruments has notified the 42nd AGM to be held on July 30, 2025 at 12:00 PM via video conferencing, with remote e-voting open from July 27-29, 2025 and a cut-off date of July 23, 2025. Shareholders will vote on adopting the FY2024-25 audited standalone and consolidated financial statements, and on the re-appointment of Whole-Time Director Mr. Dineshkumar Musalekar, while Mr. P.K. Ramakrishnan will retire without seeking re-election. Two special business items include amendments to the ESOP Plan 2022 Scheme A (changing the exercise period to 3 months for the first 12 months of vesting and 36 months thereafter) and the appointment of M/s. KANJ & Co. LLP as Secretarial Auditors for a 5-year term (FY2025-30). The meeting will also ratify the Cost Auditor's remuneration of INR 60,000 for FY2025-26 and appoint Mr. Rajendra Bagwe and Mr. V. Subramaniam as Independent Directors, each for a 5-year term ending May 26, 2030.
This is a routine AGM notice, but the ESOP amendment may lead to slight future equity dilution for existing shareholders. The addition of two new independent directors and a new long-term secretarial auditor reflect continued board strengthening and governance upgrades, generally viewed positively by investors.