Intimation of 15th AGM Voting Results and Scrutinizer''s Report
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Rithwik Facility Management Services held its 15th AGM on September 29, 2025, and all 7 resolutions were passed with 100% approval. These included adopting the FY25 audited financial statements, declaring a final dividend for FY24-25, re-appointing Mrs. Anitha Radhakrishnan as director, appointing M/s. Khandelwal Arun & Associates as secretarial auditors, and approving an increase in the overall limit of director remuneration. Two resolutions specifically raised the pay of Managing Director Mr. Rithwik Rajshekhar Raman and Whole-Time Director Mr. Niranjan V Rao, with promoter group shares excluded from voting on these items (11,02,500 and 13,500 promoter votes marked invalid, respectively). Voting turnout was around 55% for most resolutions but dropped to just 19% for the MD's remuneration hike due to the promoter exclusion. Total share base is 30.6 lakh shares across 86 shareholders.
All resolutions cleared smoothly with no dissent, including the final dividend declaration which is a positive for shareholders. The higher pay packages for the MD and Whole-Time Director are notable, though small public shareholders may want to monitor governance closely given the sharp reduction in voting pool on those items.