Rithwik Facility Management Services Ltd (540843)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Rithwik Facility's revenue was ₹19.8 Cr (-14.4% year on year, -3.1% on the previous half-year), and net profit ₹1.8 Cr (-4.3% year on year); the operating margin was 11.6%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹19.8 | -14.4% | -3.1% |
| Operating profit | ₹2.3 | -19.9% | -8.0% |
| Net profit | ₹1.8 | -4.3% | +4.1% |
| EPS (₹) | 5.85 | -4.3% | +4.1% |
| Operating margin | 11.6% | — | — |
📢 Recent Corporate Announcements
Rithwik Facility Management Services has received a Show Cause Notice under Section 73 of the TNGST/CGST Act, 2017, from the Assistant Commissioner (ST), Guindy Assessment Circle on October 1, 2026. The notice pertains to FY 2023-24 regarding non-GST supplies, ITC non-reversal, and excess/ineligible Input Tax Credit. The potential financial exposure is ₹8.41 crore if confirmed, which is significant compared to the company's net worth of ₹27 crore (approx. 31%). The company stated it holds complete supporting documentation and expects no financial implication.
- Received Show Cause Notice under section 73 of TNGST/CGST Act on October 1, 2026
- Applicable period is Financial Year 2023-24
- Potential financial implication stands at ₹8.41 crores if confirmed by authorities
- Issues pertain to non-GST supplies, ITC non-reversal, and ineligible ITC claims
- No penalty or operational restrictions currently imposed
Rithwik Facility Management Services has fixed September 23, 2026 as the record date for determining shareholder eligibility for its final dividend for FY2026. The company has recommended a dividend of 10% on face value, amounting to ₹1.00 per equity share. The payment is subject to shareholder approval at the upcoming Annual General Meeting and will be disbursed within 30 days of declaration.
- Dividend declared at 10% on face value, translating to ₹1 per equity share
- Record date fixed as September 23, 2026 for dividend entitlement
- Dividend payment to be completed within 30 days from declaration at the AGM
- Applicable for the financial year ended March 31, 2026
Rithwik Facility Management Services Ltd has announced a board reconstitution effective August 12, 2026. The company appointed Mr. Rishabh Dev Rajshekar Raman (related to the Managing Director) and Mr. Ranjit Patro as Non-Executive Non-Independent Directors. Additionally, Mrs. Anitha Radhakrishnan resigned from her non-independent role to be re-appointed as an Independent Director. These changes occur in a micro-cap company with a market capitalization of Rs 48 Cr and TTM revenue of Rs 83 Cr.
- Appointment of Mr. Rishabh Dev Rajshekar Raman, related to the Managing Director, effective August 12, 2026
- Appointment of Mr. Ranjit Patro, a corporate governance professional with over 10 years of experience
- Transition of Mrs. Anitha Radhakrishnan from Non-Independent to Independent Director status
- Company maintains a high promoter holding of 73.53% as of March 2026
- Board meeting and all changes finalized on August 12, 2026
Rithwik Facility Management Services has scheduled its 16th Annual General Meeting for September 30, 2026, and fixed September 23, 2026, as the record date for dividend payments. The board approved the appointment of two new directors, including Mr. Rishabh Dev Rajshekar Raman, who is related to the Managing Director. Additionally, M/s. SVRJNS & Co has been appointed as the new statutory auditor for a five-year term (FY27-FY31) following the tenure completion of the previous auditor. The company, with a market cap of Rs 48 Cr, also reconstituted its Audit Committee under the chairpersonship of Mrs. Anitha Radhakrishnan.
- Record date for dividend payment fixed as September 23, 2026
- 16th Annual General Meeting (AGM) scheduled for September 30, 2026
- Appointment of Mr. Rishabh Dev Rajshekar Raman (related to MD) as Non-Executive Director
- New Statutory Auditors (SVRJNS & Co) appointed for a 5-year term starting FY 2026-27
- Mrs. Anitha Radhakrishnan transitioned from Non-Independent to Independent Director and Audit Committee Chairperson
Rithwik Facility Management Services has scheduled a board meeting on August 12, 2026, primarily to discuss and approve matters related to the upcoming Annual General Meeting (AGM). This is a routine administrative procedure for the company, which currently has a market capitalization of Rs 48 Cr. The meeting will likely finalize the date for the AGM and the dispatch of the annual report to shareholders. No specific financial results or dividends were mentioned in this intimation.
- Board meeting scheduled for August 12, 2026, at the registered office
- Agenda focused on approving Annual General Meeting (AGM) related matters
- Company operates with a low Debt-to-Equity ratio of 0.08
- Promoter holding remains stable at 73.53% as of March 2026
Financial Performance
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