Outcome and Proceedings of the Extra Ordinary General Meeting
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Rithwik Facility Management Services Ltd held an Extra Ordinary General Meeting on August 5, 2025, at 11:30 AM at its registered office in Guindy, Chennai, and the meeting concluded at 11:47 AM. Managing Director Rithwik Rajshekar Raman chaired the meeting. The single resolution transacted was for the disinvestment of the company's wholly owned subsidiary, Rithwik Indus Power Private Limited, under Section 180(1)(a) of the Companies Act, 2013. Remote e-voting was conducted from August 2 to August 4, 2025, with an option to vote at the meeting through the I-Vote portal. No shareholders raised queries during the Q&A session.
The key item on the agenda is the proposed divestment of a wholly owned subsidiary, which is a significant corporate action requiring shareholder approval. Investors should watch for the voting results, expected within 48 hours, as approval will clear the way for the company to sell its stake in Rithwik Indus Power Private Limited, potentially impacting the company's asset base and future earnings.