Rama Phosphates Ltd

Demise of Secretarial Auditor

• Ashok Patel, Secretarial Auditor (Practicing Company Secretary) of Rama Phosphates Limited.
• Date of demise: August 16, 2026.
• Cessation of the Secretarial Auditor role; associated with the company for about one year.

Director Re-appointment

• Re-appointment of Nilanjana H. Ramsinghani as Director retiring by rotation at AGM on August 13, 2026.
• Reason: re-appointment due to retirement by rotation.
• Profile: 38 years’ experience in Business Administration and International Trade.
• Disclosure: No relation to other directors; Haresh Ramsinghani is Chairman and MD.
• Not debarred from holding director office per SEBI circular.

Statutory Auditor Appointment

• Appoints M/s Dayal & Lohia, Chartered Accountants (Reg No 102200W) as Statutory Auditors.
• Reason: prior auditor term completed at the 41st AGM.
• Term: 5 years from AGM conclusion Aug 13, 2026 to 46th AGM.
• Profile: Mumbai-based firm established 1983; offers statutory/audit, tax, internal audits.
• Status: ICAI Reg No 102200W; office in Mumbai.

AGM Details

• AGM held on 13 August 2026 via VC/OAVM.
• Time: 3:00 PM IST.
• Record date: 6 August 2026.
• Meeting via VC/OAVM; 53 attendees (promoter 3, public 50).

Key Resolutions and Results

• Resolution 1: Adopt audited financial statements; passed 100% in favour.
• Resolution 2: Declare final dividend of Re 0.25 per equity share; 99.9997% in favour, 72 against.
• Resolution 3: Re-appoint Nilanjana Ramsinghani as director; passed 100%.
• Resolution 4: Appoint M/s Dayal & Lohia as Statutory Auditors; passed 100%.
• Resolution 5: Ratify remuneration of Cost Auditor for FY 2027; passed 100%.

Dividend Details

• Final dividend of Re 0.25 per equity share approved.

Director & Auditor Changes

• Director changes: Nilanjana Ramsinghani retires by rotation and is reappointed.
• Auditors: M/s Dayal & Lohia appointed as Statutory Auditors for FY 2026-27.
• Cost Auditor remuneration for FY 2027 ratified.

Financial results

• Q1 FY2026 unaudited results approved; quarter ended 30 June 2026.
• Revenue from operations ₹22,479.59 lakhs; PAT ₹1,706.44 lakhs.
• Basic & diluted EPS ₹4.82 for the quarter.
• No subsidiary; no consolidation; standalone results only.
• Audit Committee reviewed results; Limited Review by M/s Khandelwal & Mehta LLP.

Corporate actions & expansion

• Dhule Greenfield SSP project: EC granted; trial production expected by Sep 2026.
• SSP capacity expansion at Udaipur: +65,000 MTPA; total SSP 9,79,000 MTPA.
• New Granulation, PDM, PROM plants at Udaipur: 49,000 MTPA.
• SSP unit capacity to 315,000 MTPA; overall SSP capacity 979,000 MTPA.
• ICRA long-term rating A-.
• MoEFCC EC for SSP; consent to establish Micro Nutrients.

Regulatory & governance

• Limited Review Report by M/s Khandelwal & Mehta LLP; not an audit.
• Ind-AS compliant; no consolidation due to absence of subsidiary.

Financial Performance

• Q1 ended 30 Jun 2026: Revenue from operations ₹22,479.59 lacs; Total income ₹22,554.84.
• Total expenses ₹20,273.61 lacs; profit before tax ₹2,281.23 lacs.
• PAT ₹1,706.44 lacs; Basic & diluted EPS ₹4.82 (not annualised).
• Segment revenue: Fertilizers, Micro Nutrients & Chemicals ₹22,122.71 lacs; Soya/Agri ₹356.88.
• Segment profit before tax: Fertilizers ₹2,867.46 lacs; Soya/Agri ₹-28.18.

Capex & Capacity Expansion

• Greenfield Dhule project: SSP 216,000 MTPA and 90,000 MTPA sulfuric acid; trial production by Sep 2026.
• SSP expansion at Udaipur: +65,000 MTPA to 315,000 MTPA; total SSP capacity 979,000 MTPA.
• New plants at Udaipur: Granulation, PDM, PROM; aggregate 49,000 MTPA.
• ICRA rating: A-.

Balance Sheet & Segment Assets

• Total assets ₹77,369.92 lacs; total liabilities ₹33,421.89 lacs; capital employed ₹43,948.03 lacs.
• Segment assets: Fertilizers 72,746.19 lacs; Soya 2,740.58 lacs.

Audit & Compliance

• Limited Review conducted by Khandelwal & Mehta LLP; no material misstatement found.
• Environment clearance obtained for Dhule SSP and Micro Nutrients; trial production by Sep 2026.

Business Model & Segments

• Two primary segments: Fertilizers, Micro Nutrients & Chemicals; Soya/Agri.

Financial results & audit

• Unaudited standalone Q1 FY2026-27 results: revenue 22,479.59 lakhs; net profit after tax 1,706.44.
• Profit before tax 2,281.23 lakhs; basic EPS 4.82 (not annualised).
• Limited Review Report by Khandelwal & Mehta LLP issued; results reviewed by Audit Committee.
• Company has no subsidiary; no consolidation required.

Regulatory approvals & expansion plans

• MoEFCC Environmental Clearance for Dhule Greenfield project; SSP 216,000 MTPA and Sulphuric Acid 90,000 MTPA.
• Trial production of SSP expected to commence by September 2026.
• SSP capacity expansion at Udaipur by 65,000 MTPA to 315,000 MTPA; total 979,000 MTPA.
• New Greenfield Granulation, PDM, PROM plants at Udaipur totaling 49,000 MTPA.
• ICRA long-term rating: A-.

Governance disclosures

• Board took on record the unaudited results; meeting held July 24, 2026.
• No subsidiary or associate; no consolidated financial results.
• Independent auditor's limited review concluded no material misstatement.

Financial results approved

• Quarter ended 30 June 2026: Revenue from operations 22,479.59 lacs.
• Profit before tax 2,281.23 lacs; Net profit after tax 1,706.44 lacs.
• Standalone unaudited results under Ind AS; no consolidation required.
• Limited Review Report by Khandelwal & Mehta LLP; no material misstatement observed.

Expansion and regulatory actions

• Environmental Clearance received for Dhule Greenfield SSP project; Phase I nearing completion.
• Trial production expected by September 2026.
• SSP expansion at Udaipur to 315,000 MTPA; total SSP capacity 979,000 MTPA.
• New Greenfield PDM, PROM, and Granulation plants at Udaipur; 49,000 MTPA.
• ICRA long-term rating: A-.

Segment information and EPS

• Two operating segments: Fertilizers, Micro Nutrients & Chemicals; Soya/Agri.
• Segment revenue: Fertilizers & chemicals Rs 22,122.71 lacs; Soya/Agri Rs 356.88 lacs.
• Earnings per share: Basic & diluted Rs 4.82 (Face value Rs 5).

AGM Details

• Date and time: 13 August 2026 at 3:00 PM; mode: VC/OAVM.
• Venue: meeting deemed at the Company's Registered Office, Mumbai.
• Notice and annual report available on company site and CDSL.

Resolutions Presented

• Ordinary: Adopt audited financial statements for year ended 31 March 2026.
• Ordinary: Declare final dividend of 0.25 per equity share.
• Ordinary: Re-appoint Nilanjana Ramsinghani, retiring by rotation.
• Ordinary: Appoint M/s Dayal & Lohia as Statutory Auditors for five years.
• Special: Ratify remuneration of Cost Auditor for FY ending 31 March 2027 at 1,90,000 plus taxes.

Dividend Details

• Record date fixed at 31 July 2026 for entitlement.
• Dividend payment date: on or after 3 September 2026.

Director & Auditor Changes

• Director change: Nilanjana Ramsinghani to be re-appointed as Non-Executive Director.
• Statutory Auditor appointment: Dayal & Lohia for five years (2031).
• Cost auditor remuneration: 1,90,000 plus taxes for 2026-27.