Declaration of Results of Extra Ordinary General Meeting
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Rithwik Facility Management Services held an EGM on April 8, 2025, where two special resolutions were passed unanimously. Resolution 1 was to amend the Object Clause by inserting a new object in Clause III (A) of the Memorandum of Association, and Resolution 2 was to replace the existing Object Clause in Clause III (B) of the MoA. Out of 84 total shareholders on record date, 21 attended the meeting. A total of 30,60,000 shares (66.02% of outstanding) were polled, with 20,20,496 votes (100%) cast in favour of both resolutions and zero votes against. Promoter group holding 22,50,000 shares (78.99%) and public non-institutions holding 8,10,000 shares (30%) all voted in favour. The Scrutinizer's report was submitted on April 9, 2025 by Khandelwal Arun & Associates.
Both resolutions were approved with 100% support from voting shareholders, indicating strong alignment between promoters and public shareholders on expanding the company's permitted business activities. This widens the scope of operations the company can legally undertake, potentially paving the way for diversification or entry into new business areas.