Meeting Details
The 42nd Annual General Meeting will be held on Thursday, September 24, 2026 at 11:00 a.m. through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The deemed venue is the Registered Office of the Company at 612, Veena Killedar Industrial Estate, 10-14 Pais Street, Byculla (West), Mumbai - 400 011.
Ordinary Business Items
Item 1: Adoption of Financial Statements
To receive, consider and adopt the audited financial statements of the Company for the financial year ended 31st March, 2026 and the Report of the Board of Directors and Auditors thereon.
Item 2: Reappointment of Director
To appoint Director in place of Mrs. Aakanksha Mikhail Verma (DIN: 08314319) who retires by rotation and being eligible offers herself for reappointment.
Mrs. Aakanksha Mikhail Verma was originally appointed as a Director at the 38th AGM held on 26th September, 2022. She holds a Bachelor's Degree in Fashion Marketing and Promotion and has approximately 13 years of experience in client account management, client management, and business development. She currently holds 400,861 shares in the company. During FY 2025-2026, she attended 5 out of 5 board meetings, and in FY 2026-2027 (up to August 19, 2026), she attended 3 out of 3 meetings.
Special Business Items
Item 3: Approval of Material Related Party Transaction
To approve material transactions with Centennial Fabrics Limited, a Related Party, for an aggregate value up to ₹95 crore (Rupees Ninety Five Crore only) over a period of 12 months effective from 1st April, 2027.
The transactions involve buy/sell of material, BOPP Film and LLDPE Liner used as part of packaging bags for Cement Industry. Centennial Fabrics Limited is a related party as Mrs. Smita Patel (part of Promoter group of the Company) holds majority stake and directorship in Centennial Fabrics Limited, and Mr. Jagdish Dokwal (Key Managerial Personnel of the Company) is also a Director of Centennial Fabrics Limited.
The proposed transaction value represents 64.64% of the company's annual turnover for the immediately preceding financial year 2025-2026. The transaction was approved by the Audit Committee on 19th August, 2026 and is recommended by the Board. The transactions will be on an arm's length basis and in the ordinary course of business.
Voting Arrangements
The Register of Members and Share Transfer Books will remain closed from 18.09.2026 to 24.09.2026 (both days inclusive).
Remote e-voting period begins on Sunday, 20th September, 2026 at 9:00 a.m. and ends on Wednesday, 23rd September 2026 at 5:00 p.m. The cut-off date for determining voting rights is Thursday, 17th September, 2026.
M/s Sudhanwa S. Kalamkar & Associates, Practicing Company Secretary has been appointed as the Scrutinizer to scrutinize the e-voting process. The e-voting services are provided by Central Depository Services (India) Limited (CDSL).
Additional Information
Members holding physical shares are reminded to update PAN, KYC details and nomination with the Registrar and Share Transfer Agent, Adroit Corporate Services Private Limited. The company has communicated about SEBI's special window for lodgement of physical share transfer requests available until February 4, 2027.
The Notice along with the Annual Report for Financial Year 2025-2026 is being sent through electronic mode and is available on the company's website www.rishitechtex.com, BSE website www.bseindia.com, and CDSL website www.evotingindia.com.