Notice of the 15th Annual General Meeting of the Company
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Rithwik Facility Management Services has called its 15th AGM for Monday, September 29, 2025 at 12:30 PM, to be held at the registered office in Guindy, Chennai. Ordinary business includes adopting audited financial statements for FY ended March 31, 2025, declaring a final dividend for FY 2024-25, and re-appointing Mrs. Anitha Radhakrishnan who retires by rotation. Special business includes appointing M/s Khandelwal Arun & Associates as Secretarial Auditors for five years (FY 2025-26 to 2029-30). Shareholders will also vote on raising the overall cap on director remuneration from 11% to up to 25% of net profits, with up to 23% allowed for Managing Director/Whole-time Director/Manager and up to 2% for other directors. Specific pay hikes are proposed: MD Mr. Rithwik Rajshekhar Raman's pay ceiling raised to Rs 36 lakh per annum, and WTD Mr. Niranjan V Rao's ceiling raised to Rs 84 lakh per annum, both effective July 1, 2025. E-voting runs from September 26-28, 2025, with the cut-off date set as September 19, 2025. Share transfer books will be closed from September 23-29, 2025.
Shareholders should review and vote on several significant items, especially the proposal to raise the overall director remuneration cap from 11% to 25% of net profits and the increased pay limits for the MD and WTD. Approval of the final dividend for FY 2024-25 will also benefit shareholders on the record date of September 19, 2025.