Royal India Corporation Limited has issued a notice for an Extra-Ordinary General Meeting (EGM) to be held on Thursday, 30th July, 2026 at 11:45 A.M. (IST) through Video Conferencing/Other Audio Visual Means. The meeting notice was finalized by the Board of Directors at their meeting held on 02.07.2026.

Key Business Item

The EGM will consider one special business item:

Item No. 1: Appointment and remuneration of Mr. Rishabh Sareen (DIN: 11685800) as Executive and Non-Independent Director

  • Proposed appointment for a period of five years with effect from 30 April 2026
  • Remuneration not exceeding ₹6,00,000 (six lakhs) per annum
  • Board authorized to vary remuneration within Schedule V limits
  • Requires special resolution approval from shareholders

Director Background

Mr. Rishabh Vikash Sareen (DIN: 11685800) was appointed as Additional Director (Executive and Non-Independent) effective from 30th April, 2026 by the Board based on Nomination and Remuneration Committee recommendation.

  • Date of birth: 23/08/1998 (Age: 28 years)
  • Qualification: Graduation
  • Experience: Domain knowledge in sanitary fittings and fixtures industry, event management, and search engine operations
  • Current shareholding: Nil
  • Directorships in other listed companies: Nil
  • Attended two Board meetings since appointment

Voting Details

  • Cut-off date for eligibility: 23rd July, 2026
  • Remote e-voting period: Monday, 27th July 2026 (9:00 a.m.) to Wednesday, 29th July, 2026 (5:00 p.m.)
  • E-voting service provider: National Securities Depository Limited (NSDL)
  • Members can also vote during the EGM through e-voting facility

Meeting Logistics

The EGM will be conducted entirely through VC/OAVM in compliance with MCA Circulars (latest being 03/2025 dated September 22, 2025) and SEBI Circulars dated 12th May 2020 and 15th January 2021.

  • Facility available for 1000 members on first-come-first-served basis
  • Large shareholders (2%+ holding), promoters, institutional investors, directors, KMPs, and committee chairpersons have unrestricted access
  • Members must pre-register as speakers between 14th-17th July, 2026 to ask questions during the meeting