Ritco Logistics Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
RITCO · price
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Ritco Logistics Limited has received shareholder approval via postal ballot to alter the Object Clause of its Memorandum of Association. The e-voting was conducted from June 28, 2025 to July 27, 2025, with shareholders overwhelmingly approving the resolution — 99.997% of polled votes (1,84,89,706 shares) were in favor, while only 560 votes (0.003%) were against. Out of 2,83,22,757 total shares, 1,84,90,266 were polled. The amendment adds four new sub-clauses to the company's main objects, expanding its permitted business activities to include comprehensive logistics and supply chain management solutions, integrated technology platforms for supply chain operations, infrastructure development activities, and ancillary logistics-related services such as cold chain, warehousing, and distribution. The total number of shareholders on the cut-off date was 12,783.
This amendment broadens Ritco's permitted business scope well beyond its current core, allowing it to enter technology-driven logistics, infrastructure supply, and integrated supply chain services. For shareholders, this signals management's intent to diversify revenue streams, though execution risk remains as the company ventures into new segments. Near-unanimous approval suggests strong shareholder confidence in the strategic direction.