Rithwik Facility Management Services Ltd — Others, 11-07-2025: AGM/EGM

Rithwik Facility Management Services Limited has announced a board meeting to seek shareholder approval for the disinvestment of its entire 100% stake in its wholly owned subsidiary, Rithwik Indus Power Private Limited. The company acquired this subsidiary as part of its solar power expansion but has decided to exit the solar power business due to regulatory uncertainties and challenges in the sector. The board is authorized to finalize the sale terms and execute the transfer of shares. This strategic move signals a shift in focus toward exploring other investment opportunities to create long-term value for shareholders.