Royal India Corporation Limited held an Extra-Ordinary General Meeting (EGM) on Thursday, July 30, 2026 through Video Conferencing/Other Audio-Visual Mode (VC/OAVM). The meeting commenced at 11:45 AM (IST) and concluded at 12:05 PM (IST), lasting 20 minutes.

Meeting Attendance

Directors Present:

  • Mr. Nitin Kamalkishore Gujral (Chairman and Managing Director, member of Stakeholder Relationship Committee and Corporate Social Responsibility Committee)
  • Mr. Rishabh Sareen (Executive Director)
  • Ms. Madhusa Inda (Independent Woman Director, Chairman of Stakeholder Relationship Committee, Member of Audit Committee and Nomination and Remuneration Committee)
  • Mr. Jinesh Mehta (Independent Director, member of Audit Committee, Nomination and Remuneration Committee and Corporate Social Responsibility Committee)
  • Mr. Minesh Raja (Independent Director, Chairman of Audit Committee and Nomination and Remuneration Committee, member of Stakeholder Relationship Committee and Corporate Social Responsibility Committee)

Management Team Present:

  • Mr. Mohit Kothari (Chief Financial Officer)
  • Ms. Jinal Shah (Company Secretary)

Invitees Present:

  • Mr. Kaushal Doshi (Scrutinizer)

Mr. Saurav Sharma (Executive Director) was unable to attend due to pre-occupation.

Meeting Proceedings

Ms. Jinal Shah, Company Secretary, presided over the meeting and provided instructions to shareholders for smooth conduct. Mr. Nitin Gujral, Chairman and Managing Director, then took over presiding duties.

84 members attended the meeting. The Company Secretary made several announcements:

1. The EGM was conducted through VC/OAVM in accordance with MCA and SEBI circulars, with live webcast available

2. The notice of EGM had been sent to members electronically

3. Remote e-voting period ran from July 27, 2026 (9:00 AM IST) to July 29, 2026 (5:00 PM IST)

4. Voting rights were reckoned based on shares held as of July 23, 2026 (cut-off date)

5. E-voting facility was available during the EGM for members who hadn't voted remotely, open for 15 minutes after meeting conclusion

6. Mr. Kaushal Doshi was appointed as Scrutinizer to oversee the voting process

Resolution Considered

The meeting considered one special resolution:

  • Appointment and remuneration of Mr. Rishabh Sareen (DIN: 11685800) as an Executive and Non-Independent Director of the Company

The resolution was read out by the Company Secretary. Members who had registered as speakers were invited to ask questions or seek clarifications, which were addressed by management.

Meeting Conclusion

The Chairman announced that e-voting results along with the Scrutinizer's report would be disseminated to Stock Exchanges and placed on the company's website and NSDL website within prescribed timelines.

The meeting concluded at 12:05 PM with a vote of thanks to shareholders, directors, and invitees.