Newspaper publication pursunat to approval of the audited financial statement for the fy ended March 31, 2026
Quarterly and yearly results for the fy ended March 31, 2026
Outcome of the Board Meeting held on Thursday, 28.05.2026 at 02.30 P.m.
Outcome of the Board Meeting held on Thursday, 28.05.2026 at 02.30 P.m.
Annual Secretarial Compliance Report for the finnacial year ended on March 31, 2026
1. To elect the Chairperson of the Meeting. 2. To grant leave of absence, if any. 3. To confirm the minutes of the previous Board Meeting. 4. To note the Audit Committee Meeting minutes. 5. To approve audited financial results for FY ended 31.03.2026. 6. To adopt Auditor’s Report for FY ended 31.03.2026. 7. To approve related party transactions for FY 2025-26. 8. To review quarterly statutory compliances. 9. To review status of suspension of operations. 10. To review revival and recommencement plans. 11. To note progress of E&Y and legal advisors. 12. To review discussions with bankers and lenders. 13. To review pending debt and interest obligations. 14. Any other business with permission of the Chair.
Disclosures under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Pursuant to the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement), Regulation, 2015 (“Listing Regulations”), please find the attached outcome of the Meeting of the Board of Directors of Rathi Bars Limited held on today, 10th April 2026, at 03:00 P.M. at the Registered Office of the Company and concluded at 04:15 P.M.
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended March 31,2026
Item No. | Business to be Transacted 1. Election of Chairman 2. Grant of leave of absence, if any 3 & 4. Noting minutes of previous Board Meeting/Committee meeting(s) 5. Noting Directors’ disclosures under Section 184 of the CA, 2013 6. Noting Directors’ disclosure under Section 164(2) of the CA, 2013 7. Noting Independent Directors’ declaration of independence 8. Noting resignation of Ms. Bharti Chitkara, Company Secretary & Compliance Officer 9. Noting closure/suspension of manufacturing operations 10 Discussion on revival and recommencement of operations 11. Approval of appointment of Ernst & Young as Professional Advisors and Menon & Associates as Legal Advisors 12. Discussion on coordination with bankers/lenders for moratorium, restructuring, and fresh credit 13 Review of pending debt and interest obligations with secured lenders 14. Approval of Director remuneration arrangement 15. Approval of rent arrangement for HRegistered Office 16. Approval of fixed expense arrangements
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 169.76 | 172.03 | 134.42 | 137.32 | 147.48 | 99.94 | 110.53 | 248.71 | 132.84 | 125.60 | 90.62 | 19.54 |
| YOY Revenue Growth % | 31.7% | 113.96% | 81.84% | -30.79% | -13.12% | -41.91% | -17.77% | 81.11% | -9.93% | 25.67% | -18.01% | -92.14% |
| Other Income | 0.16 | 0.11 | 0.45 | 0.11 | 0.16 | 0.00 | 0.00 | 1.42 | 0.22 | 0.53 | 0.34 | 0.22 |
| Total Income | 169.92 | 172.14 | 134.87 | 137.44 | 147.64 | 99.94 | 110.53 | 250.12 | 133.06 | 126.13 | 90.97 | 19.76 |
| Total Expenses + | 168.94 | 171.15 | 134.04 | 136.20 | 146.68 | 99.34 | 109.64 | 248.17 | 132.22 | 125.16 | 90.26 | 34.53 |
| Cost of Materials Consumed | 70.71 | 129.55 | 101.24 | 70.64 | 68.52 | 45.20 | 67.08 | 184.44 | 70.04 | 84.24 | 62.83 | -78.04 |
| Employee Benefit Expense | 1.34 | 1.17 | 1.15 | 1.96 | 1.19 | 1.33 | 1.23 | 2.68 | 1.12 | 1.54 | 1.18 | 0.35 |
| Other Expenses | 2.72 | 2.41 | 2.38 | 7.32 | 3.42 | 3.35 | 2.86 | 7.55 | 3.85 | 4.12 | 3.99 | 13.59 |
| Operating Profit | 0.83 | 0.88 | 0.38 | 1.12 | 0.81 | 0.60 | 0.88 | 0.53 | 0.62 | 0.44 | 0.36 | -14.99 |
| OPM % | 0.5% | 0.5% | 0.3% | 0.8% | 0.5% | 0.6% | 0.8% | 0.2% | 0.5% | 0.4% | 0.4% | -76.7% |
| Profit Before Tax + | 0.99 | 1.00 | 0.83 | 1.23 | 0.97 | 0.60 | 0.89 | 1.95 | 0.84 | 0.97 | 0.70 | -14.77 |
| Tax Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.95 | 0.00 | 0.00 | 0.00 | 0.00 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 48.7% | 0% | 0% | 0% | - |
| Profit After Tax | 0.99 | 1.00 | 0.83 | 1.23 | 0.97 | 0.60 | 0.89 | 1.00 | 0.84 | 0.97 | 0.70 | -14.77 |
| EPS (Basic) | 0.60 | 0.61 | 0.51 | 0.76 | 0.59 | 0.37 | 0.54 | 0.61 | 0.52 | 0.59 | 0.43 | -9.04 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 368.60 | 496.29 | 614.04 | 482.36 | 493.84 | 323.75 |
| YOY Revenue Growth % | -25.73% | -19.18% | 27.3% | -2.33% | 52.54% | - |
| Other Income | 1.32 | 1.42 | 0.34 | 0.28 | 0.09 | 0.36 |
| Total Income | 369.92 | 497.71 | 614.37 | 482.64 | 493.93 | 324.10 |
| Total Expenses + | 382.17 | 494.19 | 610.33 | 479.32 | 490.75 | 321.07 |
| Cost of Materials Consumed | 139.06 | 298.16 | 372.13 | 284.50 | 281.25 | 193.54 |
| Employee Benefit Expense | 4.20 | 5.20 | 5.63 | 6.42 | 7.38 | 6.47 |
| Other Expenses | 25.56 | 14.32 | 15.84 | 9.88 | 14.64 | 14.06 |
| Operating Profit | -13.57 | 2.10 | 3.71 | 3.03 | 3.09 | 2.68 |
| OPM % | -3.7% | 0.4% | 0.6% | 0.6% | 0.6% | 0.8% |
| Profit Before Exceptional | -12.26 | 3.52 | 4.05 | 3.32 | 3.17 | 3.03 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax + | -12.26 | 3.52 | 4.05 | 3.32 | 3.17 | 3.03 |
| Tax Expense | -0.73 | 0.95 | 0.48 | 0.73 | 0.32 | 0.72 |
| Tax % | - | 27% | 11.8% | 22.1% | 10.1% | 23.9% |
| Profit After Tax | -11.52 | 2.57 | 3.57 | 2.58 | 2.85 | 2.31 |
| EPS (Basic) | -7.06 | 1.57 | 2.19 | 1.58 | 1.75 | 1.42 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Non-Current Assets + | 41.03 | 46.61 | 45.26 | 49.23 | 51.22 | 52.91 |
| Property, Plant & Equipment | 40.80 | 41.35 | 38.12 | 41.87 | 41.69 | 42.69 |
| Capital Work in Progress | 0.00 | 5.03 | 6.91 | 6.67 | 8.83 | 9.52 |
| Non-Current Investments | 0.08 | 0.00 | 0.00 | 0.54 | 0.54 | 0.54 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Assets + | 148.81 | 148.50 | 133.44 | 135.44 | 123.33 | 99.43 |
| Inventories | 2.18 | 12.87 | 15.69 | 16.29 | 29.13 | 18.46 |
| Trade Receivables | 87.08 | 97.45 | 72.79 | 79.28 | 69.75 | 58.46 |
| Cash and Cash Equivalents | 0.03 | 0.25 | 0.49 | 0.53 | 0.07 | 0.02 |
| Current Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | ||||||
| Total Equity | 84.97 | 96.49 | 93.92 | 90.36 | 87.77 | 84.93 |
| Equity Share Capital | 16.33 | 16.33 | 16.33 | 16.33 | 16.33 | 16.33 |
| Other Equity | 68.64 | 80.16 | 77.59 | 74.03 | 71.44 | 68.60 |
| Non-Current Liabilities | 8.42 | 12.47 | 14.63 | 20.58 | 18.20 | 15.80 |
| Current Liabilities | 96.45 | 86.15 | 70.14 | 73.74 | 68.58 | 51.61 |
| Total Liabilities | 104.87 | 98.62 | 84.77 | 94.32 | 86.78 | 67.41 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activities | 1.42 | -2.96 | 12.34 | 3.02 | -9.36 | 3.14 |
| Cash from Investing Activities | 0.60 | -6.23 | -0.52 | -4.51 | -4.12 | -6.38 |
| Cash from Financing Activities | -2.23 | 8.95 | -11.86 | 1.94 | 13.53 | 3.02 |
| Net Increase/Decrease in Cash | -0.22 | -0.24 | 0.49 | 0.45 | 0.06 | -0.22 |