Outcome and Proceedings of the 15th Annual General Meeting
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Rithwik Facility Management Services held its 15th AGM on September 29, 2025, at 12:30 PM at its registered office in Chennai, concluding at 12:58 PM. Seven resolutions were transacted, including adoption of audited financial statements for FY 2024-25, declaration of a final dividend of Re. 1 per equity share (10%), re-appointment of Mrs. Anitha Radhakrishnan (who retires by rotation), appointment of M/s. Khandelwal Arun & Associates as Secretarial Auditors, an increase in the overall maximum remuneration limit for Directors, and approval of higher remuneration for Managing Director Mr. Rithwik Rajshekhar Raman and Whole-Time Director Mr. Niranjan V. Rao. The Statutory Auditor's Report carried no qualifications; the Secretarial Audit noted a minor delay in one MGT-14 filing. E-voting ran from September 26 to September 28, and results were to be declared within 48 hours. No shareholder queries were raised.
The final dividend of Re. 1 per share is a small but tangible return for shareholders. The increases in remuneration for the Managing Director and Whole-Time Director signal higher compensation outflows, which shareholders should weigh against company performance. Approval of all resolutions suggests smooth governance with no contentious issues.