Revised notice of AGM 2025
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Awaiting price reaction for this filing.
Ritesh International Ltd has issued a revised notice for its 43rd AGM to be held on Friday, 19th September 2025 at 11:00 A.M. at its registered office in Ahmedgarh, Punjab, after a clerical error in the original notice. Seven resolutions are on the agenda: adoption of FY25 audited financial statements, reappointment of Wholetime Director Mr. Rijul Arora (who retires by rotation), ratification of Cost Auditor Verma Khushwinder & Co.'s fee of Rs. 45,000 for FY26, and approval of related party transactions up to Rs. 10 crore each with Octave Apparels and Mettle Apparels (entities linked to the brother-in-law of the CMD and CFO). The company is also seeking approval to appoint M/s Bhambri & Associates as Secretarial Auditor for a 5-year term (FY26–FY30) at Rs. 1 lakh per year, and to reappoint two Independent Directors — Mrs. Kajal Rai (for a second term starting 01.10.2025) and Ms. Komal Bhalla (for a second term starting 30.04.2026).
Routine AGM housekeeping with no material surprise — the related party transaction limit of Rs. 10 crore with promoter-linked entities (Octave/Mettle Apparels) is the only item worth shareholder attention and requires a special resolution. Reappointment of directors and auditors are standard agenda items and unlikely to move the stock.