Meeting Details

  • Meeting Type: 25th Annual General Meeting
  • Date: Wednesday, September 30, 2026
  • Time: Commenced at 3:00 P.M.
  • Location: Conducted through video conferencing/Other Audio Visual Means (OAVM)
  • Cut-off Date: September 23, 2026 for shareholder eligibility

Proposed Resolutions and Implications

Three resolutions were proposed for shareholder approval:

1. Ordinary Resolution: To consider and adopt the Audited Consolidated and Standalone Balance Sheet for the year ended March 31, 2026 and the Profit and Loss Account for the financial year ended March 31, 2026 and the Directors' and Auditors' Reports thereon.

2. Ordinary Resolution: To appoint Mr. Sanjeev Kumar Elwadhi (DIN: 02694204), Managing Director, who retires by rotation, and being eligible, offers himself for re-appointment as Director of the Company, liable to retire by rotation.

3. Special Resolution: To change the designation of Mr. Ranu Jain (DIN: 03374680) from Additional Director to Independent Director for a term of 5 years effective August 4, 2026.

Voting Process and Methods

  • Remote E-voting Period: Sunday, September 27, 2026 at 9:00 A.M. to Tuesday, September 29, 2026 at 5:00 P.M.
  • E-voting during AGM: Shareholders who did not cast votes during remote e-voting period were allowed to vote up to 15 minutes after conclusion of the meeting
  • Voting Service Provider: MUFG Intime India Pvt. Ltd
  • Physical Attendance: Dispensed with pursuant to MCA Circulars
  • Proxy Facility: Dispensed with pursuant to MCA Circulars
  • Quorum: Members attending through VC/OAVM were counted for quorum under Section 103 of Companies Act, 2013

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total Votes Cast: 18,600,497 votes
  • In Favor: 18,600,489 votes (100.0000%)
  • Against: 8 votes (0.0000%)
  • Abstained/Invalid: 0 votes
  • Result: Passed as Ordinary Resolution

Resolution 2: Re-appointment of Mr. Sanjeev Kumar Elwadhi

  • Total Votes Cast: 94,78,797 votes (after exclusion of conflicted shares)
  • In Favor: 94,78,789 votes (100.0000%)
  • Against: 8 votes (0.0000%)
  • Abstained/Invalid: 0 votes
  • Excluded Shares: 89,71,200 shares excluded due to conflict of interest
  • Result: Passed as Ordinary Resolution

Resolution 3: Appointment of Mr. Ranu Jain as Independent Director

  • Total Votes Cast: 18,600,497 votes
  • In Favor: 18,600,489 votes (100.0000%)
  • Against: 8 votes (0.0000%)
  • Abstained/Invalid: 0 votes
  • Result: Passed as Special Resolution

Shareholder Participation Breakdown

Remote E-voting Summary:

  • Total Folios Voted: 65
  • Total Votes Cast: 1,82,99,489

E-voting at AGM Summary:

  • Total Folios Voted: 8
  • Total Votes Cast: 8

Excluded Shares Due to Conflict of Interest

  • Total Excluded Shares: 89,71,200 (Eighty-Nine Lakhs Seventy-One Thousand Two Hundred) shares
  • Reason: Shares held by Mr. Sanjeev Kumar Elwadhi himself and related parties whose votes should not be considered
  • Related Parties Identified:
  • Mr. Sanjeev Kumar Elwadhi
  • Ms. Roma Wadhwa
  • Mr. Shyam Sunder Elwadhi
  • Ritco Leasing and Finance Private Limited

Scrutinizer's Role and Findings

  • Scrutinizer: Mukun Arora, Partner of M/s Mukun Vivek & Company, Practising Company Secretaries
  • Appointment Date: August 31, 2026 via Board Meeting
  • Scope: Scrutinizing remote e-voting process and e-voting during AGM
  • Methodology: Based on reports generated from e-voting system provided by MUFG Intime India Pvt. Ltd
  • Conclusion: All resolutions were duly passed by the members

Compliance with Laws and Regulations

The meeting was conducted in compliance with:

  • Companies Act, 2013 and rules made thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circular No. 20/2020 dated May 5, 2020
  • MCA Circular No. 02/2022 dated May 5, 2022
  • SEBI Circular dated May 13, 2022
  • Other relevant circulars issued by MCA and SEBI

Additional Information

  • Notice of 25th AGM along with Annual Report for 2025-26 sent electronically to shareholders
  • Notice uploaded on company website (www.ritcologistics.com) and stock exchange websites (BSE and NSE)
  • Newspaper advertisements published on September 4, 2026 for calling AGM
  • Peer Review Certificate No. 3370/2023
  • Report dated: October 1, 2026
  • Place: New Delhi