Revised Submission of Annual Report for FY 2024-25, please ignore the earlier submissions
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Ritesh International Ltd has re-submitted its 43rd Annual Report for FY 2024-25 to BSE after correcting a clerical error in an earlier submission, along with the notice for its 43rd Annual General Meeting scheduled for Friday, 19th September 2025 at 11:00 A.M. at its registered office in Ahmedgarh, Punjab. Operating income rose sharply to Rs. 12,898.07 lakhs from Rs. 8,365.91 lakhs in FY 2023-24, with profit after tax swinging to Rs. 329.96 lakhs from a loss of Rs. 7.96 lakhs. Strong growth came from the stearic acid and non-edible oils division (Rs. 11,917.30 lakhs), while the knitwear/garment division declined to Rs. 980.77 lakhs. The AGM agenda includes reappointment of Wholetime Director Mr. Rijul Arora, ratification of Cost Auditor fees, approval of related party transactions with two entities (Octave Apparels and Mettle Apparels) up to Rs. 10 Crores each, appointment of M/s Bhambri & Associates as Secretarial Auditor for five years, and reappointment of two Independent Directors for a second five-year term. No dividend has been recommended.
Shareholders should review the related party transactions and director reappointments on the AGM agenda and vote accordingly. The sharp revenue growth and return to profitability are positive signals, though no dividend was declared and the knitwear segment continues to decline; the company is diversifying into biofuels which could shape future earnings.