Ritco Logistics Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report.
RITCO · price
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Ritco Logistics Limited conducted a postal ballot (e-voting) from June 28 to July 27, 2025, seeking shareholder approval to alter the Object Clause of its Memorandum of Association. Out of 12,783 members on record date, 71 members cast valid votes representing 1,84,90,266 shares (65.28% of total outstanding shares). The Special Resolution was passed with overwhelming support - 99.997% of votes (1,84,89,706 shares) in favor and only 0.003% (560 shares) against. Promoters voted 100% in favor with their entire 1,76,42,118 shareholding, while public shareholders also backed it with 99.90% in favor. The scrutinizer, Mr. Mukun Arora of M/s Mukun Vivek & Company, certified the results on July 28, 2025.
The near-unanimous approval allows Ritco Logistics to modify or expand the range of business activities it is permitted to undertake, potentially opening new growth avenues. Strong promoter support signals management's confidence in the strategic direction, though the low voting turnout (71 out of 12,783 members) means the decision rests on a small active shareholder base.