Ritco Logistics Limited has informed the Exchange regarding Notice of Postal Ballot
RITCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ritco Logistics is seeking shareholder approval through a postal ballot (e-voting) to alter the Object Clause of its Memorandum of Association. The change involves adding four new sub-clauses to the Main Objects, allowing the company to expand into comprehensive logistics, supply chain management, technology platforms, infrastructure material handling (rocks, aggregates, boulders), and allied operations. The resolution is proposed as a Special Resolution. E-voting runs from 9:00 AM on June 28, 2025 to 5:00 PM on July 27, 2025, with the cut-off date for shareholder eligibility set at June 25, 2025. Results are expected to be declared on or before July 29, 2025, and Mr. Mukun Arora has been appointed as the Scrutinizer for the process.
If approved, this broadens the company's permitted business activities beyond its current scope, signaling a potential move into new verticals like cold chain logistics, supply chain tech, and infrastructure-linked services. Shareholders should review the proposed expansion carefully, as it indicates management's intent to diversify operations, which could bring new growth opportunities but also execution risk.