Ritco Logistics logo

Ritco Logistics CEO, MD, chairman, board of directors and AGM

NSE: RITCOBSE: 542383Transport ServicesSmall Cap

Last close ₹257.80down ₹8.90 (3.34%)BSE ₹257.90

Share price at the NSE close on 23 Oct 2026. Previous close ₹266.70.

52-week range of traded prices to 23 Oct 2026
₹167.10Low, 2 Apr 2026₹331.15High, 7 Sep 2026
Market cap
₹738 Cr1,713th largest listed
P/E
23.2
P/B
2.0
Dividend yield
Nonein the last 12 months
ROE
9.3%
ROCE
7.4%
Debt to equity
1.31
Volume, NSE
60,30849.4% delivered

Ritco Logistics board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonMan mohan Pal Singh Chadha
  • Managing director and CEOSanjeev Kumar Elwadhi
  • Company Secretary and Compliance OfficerGitika Arora

5 directors2 independent2 executive1 non-executive

  • Man mohan Pal Singh Chadha · ChairpersonExecutive · joined Aug 2001 · reappointed Sep 2024 · 302 months as independent · 1 listed board
  • Sanjeev Kumar Elwadhi · Managing director and CEOExecutive · joined Aug 2001 · reappointed Sep 2024 · 302 months as independent · 1 listed board
  • Roma WadhwaNon-executive · joined Dec 2018 · reappointed Sep 2019 · 92 months as independent · 1 listed board · 2 committee seats, 1 as chair
  • Vikram SuriIndependent · joined Dec 2018 · reappointed Dec 2023 · 91 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Sourabh AjmeraIndependent · joined May 2023 · reappointed Sep 2023 · 37 months as independent · 1 listed board · 1 as independent · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Shweta Jain, left 5 May 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 27 May 20264 of 5 present2 independent · 104 days in between
    • 11 Feb 20265 of 6 present3 independent

  • Audit Committee

    Chair Vikram Suri

    Roma Wadhwa, Sourabh Ajmera

    • 27 May 20262 of 3 present2 independent · 104 days in between
    • 11 Feb 20262 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Vikram Suri

    Roma Wadhwa, Sourabh Ajmera

    • 27 May 20262 of 3 present2 independent · 57 days in between
    • 30 Mar 20262 of 3 present1 independent

  • Stakeholders Relationship Committee

    Chair Roma Wadhwa

    Vikram Suri, Sourabh Ajmera

    • 26 Mar 20262 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Vikram Suri

    Sanjeev Kumar Elwadhi, Roma Wadhwa

    • 28 Jan 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • MITTAL & ASSOCIATESPeer-review certificate valid to May 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Ritco Logistics AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Ritco Logistics share news and announcements

Annual general meeting, 30 Sep 2026

9,976 shareholders on the register on 23 Sep 2026; present: 7 promoters and 37 others; votes counted by Mukun Arora / Mukun Vivek and Company.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Consolidated and Standalone Balance Sheet for the year ended 31st March, 2026 and the Profit and Loss Account for the financial year ended 31st March, 2026 and the Directors' and Auditors' Reports thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 64.99% · promoters 100.00% · institutions 64.50% · other public 1.14%

  2. To appoint the director in place of Mr. Sanjeev Kumar Elwadhi (DIN- 02694204), who retires by rotation and being eligible offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 33.64% · promoters 50.00% · institutions 64.50% · other public 1.14%

  3. To Change the Designation of Mr. Ranu Jain from Additional Director to Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 64.99% · promoters 100.00% · institutions 64.50% · other public 1.14%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 17 Mar 2026, 1 resolution

10,877 shareholders on the register on 12 Feb 2026; votes counted by Mukun Arora / Mukun Vivek And Company.The company's voting result (opens in a new tab)

  1. APPROVAL FOR AMENDMENT OF COMPANY’S EMPLOYEE STOCK OPTION PLAN TO PROVIDE VESTING FLEXIBILITY TO THE COMPENSATION COMMITTEE
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 66.03% · promoters 100.00% · institutions 99.26% · other public 1.55%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2025, 3 resolutions

12,773 shareholders on the register on 22 Sep 2025; present: 7 promoters and 41 others; votes counted by Mukun Arora / Mukun Vivek And Company.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Consolidated and Standalone Balance Sheet for the year ended 31st March, 2025 and the Profit and Loss Account for the financial year ended 31st March, 2025 and the Directors' and Auditors' Reports thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 65.33% · promoters 100.00% · institutions 35.16% · other public 4.77%

  2. To appoint the director in place of Mr. Man Mohan Pal Singh Chadha (DIN-01763805), who retires by rotation and being eligible offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 33.99% · promoters 50.00% · institutions 35.16% · other public 4.77%

  3. To Appoint M/s Mukun Vivek & Company, Company Secretaries as the Secretarial Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 65.33% · promoters 100.00% · institutions 35.16% · other public 4.77%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 27 Jul 2025, 1 resolution

12,783 shareholders on the register on 25 Jun 2025; votes counted by Mukun Arora / Mukun Vivek And Company.The company's voting result (opens in a new tab)

  1. Alteration of the Object Clause of Memorandum of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 65.28% · promoters 100.00% · institutions 34.25% · other public 5.63%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2024, 5 resolutions

Present: 7 promoters and 48 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Consolidated and Standalone Balance Sheet for the year ended 31st March, 2024 and the Profit and Loss Account for the financial year ended 31st March, 2024 and the Directors' and Auditors' Reports thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 65.34% · promoters 100.00% · institutions 0.00% · other public 6.45%

  2. To appoint the directors, who are liable to retires by rotation and being eligible offers themselves for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 65.34% · promoters 100.00% · institutions 0.00% · other public 6.45%

  3. To appoint M/s. Mittal & Associates, Chartered Accountants (FirmnRegistration No. 001076N) as the Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 65.34% · promoters 100.00% · institutions 0.00% · other public 6.45%

  4. To appoint Mr. Manmohan Pal Singh Chadha as Whole-Time Director for a Term of 5 Years
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 33.78% · promoters 50.00% · institutions 0.00% · other public 6.45%

  5. To appoint Mr. Sanjeev Kumar Elwadhi as Managing Director for a Term of 5 Years
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 33.78% · promoters 50.00% · institutions 0.00% · other public 6.45%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 20 Jul 2024, 3 resolutions

Present: 7 promoters and 32 others.The company's voting result (opens in a new tab)

  1. TO INCREASE IN AUTHORIZED SHARE CAPITAL OF THE COMPANY AND CONSEQUENTIAL AMENDMENT IN MEMORANDUM OF ASSOCIATION OF THE COMPANY
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.52% · promoters 100.00% · institutions 0.00% · other public 9.38%

  2. TO CONSIDER AND APPROVE ISSUE OF EQUITY SHARES ON PREFERENTIAL BASIS
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.52% · promoters 100.00% · institutions 0.00% · other public 9.38%

  3. TO CONSIDER AND APPROVE LOAN TO M/S TRUCKSUP SOLUTIONS PRIVATE LIMITED, STEP-DOWN SUBSIDIARY COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.52% · promoters 100.00% · institutions 0.00% · other public 9.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 26 Oct 2023, 5 resolutions

Present: 7 promoters and 18 others.The company's voting result (opens in a new tab)

  1. THE PROPOSAL FOR THE ISSUANCE OF ESOP OF THE COMPANY IN ADDITION TO EXISTING ESOPS
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.66% · promoters 100.00% · institutions 0.00% · other public 9.76%

  2. TO CONSIDER AND APPROVE ISSUE OF CONVERTIBLE WARRANTS ON PREFERENTIAL BASIS
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.66% · promoters 100.00% · institutions 0.00% · other public 9.76%

  3. TO CONSIDER AND APPROVE THE APPOINTMENT OF MS. SHWETA JAIN AS ADDITIONAL CUM INDEPENDENT DIRECTOR
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.66% · promoters 100.00% · institutions 0.00% · other public 9.76%

  4. TO CONSIDER AND APPROVE LOAN TO M/S TRUCKSUP SOLUTIONS PRIVATE LIMITED, STEP DOWN SUBSIDIARY COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.66% · promoters 100.00% · institutions 0.00% · other public 9.76%

  5. TO INCREASE IN AUTHORIZED SHARE CAPITAL OF THE COMPANY AND CONSEQUENTIAL AMENDMENT IN MEMORANDUM OF ASSOCIATION OF THE COMPANY
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.66% · promoters 100.00% · institutions 0.00% · other public 9.76%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2023, 4 resolutions

Present: 7 promoters and 18 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Balance Sheet as at 31st March, 2023 and the Profit and Loss Account for the financial year ended 31st March, 2023 and the Directors and Auditors Reports thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.67% · promoters 100.00% · institutions 0.00% · other public 9.80%

  2. To appoint the director in place of Ms. Roma Wadhwa (DIN-08295808), Non-Executive, Non- Independent who retires by rotation and being eligible offers herself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.67% · promoters 100.00% · institutions 0.00% · other public 9.80%

  3. To change in the Designation of Mr. Sourabh Ajmera (DIN-06876514) from Additional Director to Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.67% · promoters 100.00% · institutions 0.00% · other public 9.80%

  4. To consider and approve the reappointment of Mr. Vikram Suri as independent director for another term of 5 years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.67% · promoters 100.00% · institutions 0.00% · other public 9.80%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Public IssuesFeb 201948.18––No
Preferential IssuesJul 2024100.00––No
OthersMay 20250.74––NoAudit committee: Audit Committee took note that 3,00,000 of warrant conversion has been done this quarterAuditors: Fund utilization was done as per the objects of the issue and are line to the statutory approvals
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.