Ritco Logistics Appoints Ranu Jain as Non-Executive Independent Director
Ritco Logistics Limited has appointed Mr. Ranu Jain as a Non-Executive Independent Director of the company. The appointment was approved by the Board of Directors and is effective from August 4, 2026.The appointment grants Mr. Jain tenure of five consecutive years, running until August 3, 2031, subject to shareholder approval at an ensuing General Meeting. This decision follows a recommendation made by the Nomination and Remuneration Committee of Ritco Logistics Limited.
Mr. Ranu Jain was appointed as the Additional Director in this capacity. The Board meeting reviewed his qualifications and profile ahead of the formal appointment.
Professional Profile of Mr. Ranu Jain
Mr. Jain holds a degree from the Institute of Chartered Accountants, having specialized in Accounts and Taxation since January 1, 2010. He is noted as a Competent and Compliance Professional with 16 years of experience across Audit, Finance, Accounts, and Taxation domains. His professional history includes extensive mentoring of various start-ups across India, and experience gained while working within the retail and manufacturing industries.A partner at M/s SRH & Associates, Mr. Jain specializes in providing Audit, Finance, and Account Services. Key skills include Corporate Law, Finance, and Taxation. Furthermore, he currently holds directorial positions in several companies.
Details regarding his background are presented below:
| Particular | Details |
|---|---|
| Name & DIN | Mr. Ranu Jain (DIN: 03374680) |
| Role at Ritco Logistics | Additional Director, Non-Executive Independent Director |
| Appointment Date | August 4, 2026 |
| Term of Appointment | Five years (until August 3, 2031) |
| Professional Qualification | Member of Institute of Chartered Accountants |
| Areas of Expertise | Audit, Finance, Accounts, Taxation, Corporate Law |
| Current Directorships | SME Counselling Pvt. Ltd, Zambra Engineering Tradex & Consultancy Pvt. Ltd, Gapeseed Consulting Pvt. Ltd, Sun2Mars Complete Consulting Service Pvt. Ltd |
The company confirmed that there are no inter-se relations between Mr. Ranu Jain and any other members of the Board. Additionally, it was confirmed that Mr. Jain is not debarred from holding the office of a director pursuant to any SEBI order or similar authority.
RITCO Stock Price Movement
Today, shares of Ritco Logistics Limited rallied, settling at ₹310.60 after posting a solid gain of 2.24%. The stock demonstrated robust buying interest throughout the day, nearing its annual high and trading on a volume of 429,683 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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