Meeting Details

The 42nd Annual General Meeting will be held on Wednesday, 30th September, 2026 at 11:45 a.m. at Ground Floor, Runanubandh Hall, Yashwantrao Chavan Centre, Gen. Jagannathrao Bhosale Marg, Nariman Point, Mumbai-400021.

Agenda Items

Ordinary Business:

1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Reports of the Board of Directors and Auditors thereon.

2. To appoint a director in place of Mr. Sourav Sharma (DIN: 08239605) who retires by rotation and being eligible, offers his candidature for re-election.

Special Business:

3. Re-appointment of Mr. Nitin Gujral (DIN: 08184605) as Managing Director for a period of five years from August 08, 2026 till August 08, 2031 at a remuneration of ₹5,40,000 per annum, subject to further increase as decided by the Board. He shall also be entitled to sitting fees for attending Board or Committee meetings.

Key Managerial Personnel Designation

The resolution proposes to designate Mr. Nitin Gujral as Key Managerial Personnel of the Company pursuant to Sections 2(51), 203 and other applicable provisions of the Companies Act, 2013.

Remuneration Details

  • Proposed remuneration: ₹5,40,000 per annum
  • Previous remuneration drawn for FY 2024-25: ₹4,88,000 (including sitting fees)
  • The Board approved the re-appointment in their meeting held on August 07, 2026

Director Profile - Mr. Nitin Gujral

  • DIN: 08184605
  • Qualification: HSC
  • Date of birth: 12/12/1981
  • Age: 45 years
  • Initial appointment: 10.08.2018 as Managing Director for 3 years
  • Previous term: Re-appointed for 5 years effective from August 09, 2021
  • Shareholding: Nil
  • Board meetings attended during FY 2024-2025: 16 meetings
  • Directorships in other listed companies: Nil
  • Directorships in other companies: Simunergy Terranova Private Limited
  • Committee memberships in other listed companies: Nil
  • Expertise: Business Management

Record Date and Book Closure

The Register of Members and Share Transfer Books will remain closed from Thursday, 24th September, 2026 to Wednesday, 30th September, 2026 (both days inclusive).

Remote E-Voting Details

  • Remote e-voting period: Sunday, 27th September, 2026 at 9:00 a.m. to Tuesday, 29th September, 2026 at 5:00 p.m.
  • Cut-off date for voting rights: 23rd September, 2026
  • Voting service provider: NSDL
  • Shareholders can vote through various methods including demat account login, NSDL e-Voting website, or mobile app "NSDL Speede"

Document Availability

The Notice of the 42nd AGM and Annual Report for 2025-26 can be downloaded from the company website at https://ricl.in/wpcontent/uploads/2026/09/Annual-ReportRICL2025-2026.pdf