Riddhi Corporate Services Sets AGM Date and Dividend Payout

Final Dividend: Rs 0.49 per share | AGM Date: 28th September 2026

Reader Takeaway: Shareholders get a dividend payout while leadership continuity is proposed for the next five years.

What just happened

Riddhi Corporate Services Limited has officially announced the details for its 16th Annual General Meeting (AGM), scheduled for 28th September 2026. The company has declared a final dividend of Rs 0.49 per equity share (face value Rs 10). To qualify for this payout, shareholders must be on the register as of the cut-off date, 21st September 2026. The share transfer books will remain closed between 22nd September and 28th September 2026 for this purpose.

Why this matters

The meeting serves as the primary forum for shareholders to vote on critical governance issues, including the proposed reappointment of top management. Managing Director Pravinchandra Kodarlal Gor and Wholetime Director Alpit Pravinchandra Gor are both slated for a fresh five-year term, covering February 2027 to January 2032. This move signals a focus on leadership stability for the company’s long-term strategy.

Governance and Compliance

The board has set the maximum annual remuneration for both reappointed directors at Rs 36 lakh each. Following regulatory requirements, the company has appointed Mr. Amrish N. Gandhi as the scrutinizer to oversee the e-voting process for the AGM. These resolutions align with the company's disclosures under SEBI (LODR) regulations, ensuring transparency regarding executive compensation and board composition.

What to track next

Investors should mark their calendars for the 21st September cut-off date to ensure eligibility for the dividend. Additionally, the outcome of the e-voting process during the AGM will confirm the official extension of the current leadership team's tenure.