Meeting Details

The 38th Annual General Meeting of Riba Textiles Limited is scheduled to be held on Thursday, September 24, 2026 at 10:30 a.m. through Video Conference/Other Audio Visual Means facility. The meeting will be conducted from the Registered Office at DD-14, Nehru Enclave, Opp. Kalkaji Post Office, New Delhi-110019.

E-Voting Arrangements

The company is providing facility of remote e-voting and e-voting at the AGM through CDSL. The e-voting period begins on Monday, September 21, 2026 at 09:00 a.m. and ends on Wednesday, September 23, 2026 at 05:00 p.m. The company has fixed September 17, 2026 as the cut-off/record date for determining shareholders eligible to vote.

Business Items to be Transacted

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt the audited standalone financial statements of the company for the financial year ended March 31, 2026, together with reports of auditors and board of directors.

2. Re-appointment of Director: To appoint Mr. Nitin Garg (DIN: 00202179) who retires by rotation under Section 152(6) of Companies Act 2013 and offers himself for re-appointment.

Special Business

3. Appointment of Managing Director: Re-appointment of Mr. Amit Garg (DIN: 00202171) as Managing Director for 3 years from December 31, 2026 with remuneration of ₹15,00,000 per month salary plus perquisites including life insurance premium up to ₹15 lakh annually, gratuity, leave encashment, and provident fund benefits. Resolution passed as Special Resolution.

4. Appointment of Whole-time Director: Re-appointment of Mr. Nitin Garg (DIN: 00202179) as Whole-time Director for 3 years from December 31, 2026 with identical remuneration terms as the Managing Director: ₹15,00,000 per month salary plus same perquisites. Resolution passed as Special Resolution.

5. Re-appointment of Independent Director: Re-appointment of Mr. Shyam Sunder Miglani (DIN: 09278229) as Independent Director for a second term of 5 years from September 4, 2026 to September 3, 2031. Resolution passed as Special Resolution.

Financial Performance Disclosure (Annexure B)

The company disclosed financial performance for comparative periods:

  • Revenue from Operations: ₹255.39 crore (current) vs ₹295.86 crore (previous)
  • Other Income: ₹1.08 crore vs ₹0.27 crore
  • Gross Receipts: ₹256.46 crore vs ₹296.13 crore
  • Total Expenses: ₹245.74 crore vs ₹284.96 crore
  • Profit before Tax: ₹10.72 crore vs ₹11.16 crore
  • Tax Expenses: ₹2.59 crore vs ₹2.66 crore
  • Profit after Tax: ₹8.13 crore vs ₹8.50 crore
  • Paid-up Equity Share Capital: ₹9.65 crore (unchanged)
  • Reserves: ₹96.37 crore vs ₹88.24 crore
  • Earnings per Share: ₹8.42 vs ₹8.81

Director Details and Remuneration

Amit Garg (Managing Director)

  • DIN: 00202171, Date of Birth: August 30, 1966
  • Qualification: MBA from Melbourne University, Australia
  • First appointment: December 1, 1994
  • Current shareholding: 9,92,400 equity shares
  • Past remuneration: FY 2025-26 - ₹180.00 lakhs, FY 2024-25 - ₹175.00 lakhs
  • Pecuniary relationship: Owns premises where registered office is situated, receiving ₹75,000 monthly rent

Nitin Garg (Whole-time Director)

  • DIN: 00202179, Date of Birth: July 7, 1971
  • Qualification: B.Com & Diploma in Marketing
  • First appointment: December 1, 1994
  • Current shareholding: 8,75,485 equity shares
  • Past remuneration: FY 2025-26 - ₹180.00 lakhs, FY 2024-25 - ₹175.00 lakhs
  • Pecuniary relationship: Owns premises where registered office is situated, receiving ₹75,000 monthly rent

Shyam Sunder Miglani (Independent Director)

  • DIN: 09278229, Date of Birth: November 5, 1956
  • Qualification: Bachelor of Law
  • First appointment: September 4, 2021
  • Current shareholding: Nil
  • Remuneration: Not applicable for independent director role

Regulatory Compliance Information

The notice includes comprehensive instructions for:

  • Remote e-voting procedures for both demat and physical shareholders
  • Video conference participation guidelines
  • SEBI compliance requirements for KYC details updation
  • Special window for transfer and dematerialization of physical securities (February 5, 2026 to February 4, 2027)
  • Scrutinizer appointment: CS Vishal Gupta (Membership No. 39686)

Shareholder Services Information

Members are directed to update their details with:

  • Registrar and Transfer Agent: Beetal Financial & Computer Services Private Limited
  • Email for investor grievances: Company.affairs@ribatextiles.com
  • Company website: https://www.ribatextiles.com

All relevant documents are available for inspection at the registered office of the company.