Rishabh Instruments Limited held its 43rd Annual General Meeting (AGM) on Friday, July 31, 2026. The meeting commenced at 12:00 p.m. IST and concluded at 12:51 p.m. IST, conducted entirely through Video Conferencing/Other Audio-Visual Means in compliance with MCA General Circular Nos. 10/2022, 20/2020, 2/2022, 09/2024, 03/2025 and SEBI Circular No. SEBI/HO/CFD/CFD-POD2/P/CIR/2024/133.

Mr. Narendra Goliya, Executive Chairman, chaired the meeting. The following Board members attended:

  • Mr. Dineshkumar Musalekar (Managing Director)
  • Mr. Subramaniam Venkatakrishnan (Non-Executive Independent Director)
  • Mr. Rajendra Bagwe (Non-Executive Independent Director, Chairperson of Nomination and Remuneration Committee)
  • Mr. Siddharth Bafna (Non-Executive Independent Director, Chairperson of Audit Committee & Stakeholder Relationship Committee)
  • Mrs. Astha Kataria (Non-Executive Independent Director)

Company officers in attendance included Mr. Vishal Kulkarni (Chief Financial Officer) and Mr. Ajinkya Joglekar (Company Secretary & Compliance Officer). Representatives from various auditors were also present: MSKA & Associates (Statutory Auditors, represented by Mr. Yogesh Yewale), KANJ & Co., LLP (Secretarial Auditors, represented by Mr. Hrishikesh Wagh), Rajendra P. Shah & Co. (Internal Auditors, represented by Mr. Rajendra Shah), and Cost Auditor Mr. Hareesh Shetty. Mr. Hrishikesh Wagh also served as the Scrutinizer.

A total of 43 members representing 1,65,64,324 shares were present, constituting a valid quorum. The Notice of AGM along with Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026, and Board Reports were taken as read. The Auditor's Report was noted to contain no adverse qualifications.

The following resolutions were considered and approved:

ORDINARY RESOLUTIONS:

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, together with reports of Board of Directors and Auditors thereon.

2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026, together with Report of Auditors thereon.

3. Declaration of dividend of ₹2.00 (Rupees Two Only) per equity share of face value ₹10 each for financial year ended March 31, 2026.

4. Re-appointment of Mr. Narendra Goliya (DIN: 00315870) who retired by rotation.

5. Re-appointment of Mr. Dineshkumar Musalekar (DIN: 02039938) who retired by rotation, with confirmation that his re-appointment would not cause any break in his service in existing designation.

6. Ratification of remuneration of Cost Auditor for Financial Year 2026-27.

7. Change in designation of Mr. Dineshkumar Musalekar (DIN: 02039938) from Whole-Time Director to Managing Director.

SPECIAL RESOLUTION:

8. Revision in remuneration payable to Mr. Dineshkumar Musalekar, Managing Director.

The Company provided remote e-voting facilities prior to the meeting and e-voting during the AGM through NSDL's system, which remained open until 15 minutes after the meeting concluded at 12:51 p.m. Mr. Hrishikesh Wagh was appointed as Scrutinizer to oversee the voting process. All requisite documents were made available for shareholder inspection on the NSDL website (https://www.evoting.nsdl.com/).

The Chairman and Managing Director provided an overview of the Company's performance and future outlook during the meeting. Registered speakers were given opportunity to express views/ask questions, which were addressed by Management.