Rasandik Engineering Industries India Ltd

Rasandik Engineering Industries India Limited – Trading window closed from October 1, 2026 and will end 48 hours after declaration of Un-audited Financial Results for the quarter/half year ended September 30, 2026.

Financial results and disclosures

• Board approved unaudited Q1 2026-27 results for quarter ended 30 June 2026.
• Results prepared on going concern basis; current liabilities Rs 1,383.90 lakhs exceed current assets.
• Net loss for the quarter Rs 71.48 lakhs; Basic/Diluted EPS Rs -1.20.
• Promoter/Managing Director provided continuing financial support; company expects to operate as going concern.
• Single automotive components business; no subsidiary; no consolidation.
• Auditors' note: going concern and EPCG-related contingent liability; no modification to audit report.
• Potential EPCG-related liability up to Rs 759.29 lakhs if CESTAT unfavorable; not provided in books.
• Extract of unaudited results to be published; available on company website.

Meeting Details

• Board meeting scheduled for August 14, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve Un-Audited financial results for Q1 ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026; remains closed until 48 hours after results declaration.

Record date and AGM details

• Purpose: record date to determine eligibility to attend and vote at the 42nd AGM.
• Security: equity shares.
• Record date: 24 July 2026; book closure 24–31 July 2026.
• Remote e-voting window: 28 July 2026 to 30 July 2026.
• Cut-off dates: notice/AR mailing by 3 July 2026; e-voting entitlement by 24 July 2026.
• Annual Report and AGM Notice sent electronically and hosted on the company website.

AGM and regulatory updates

• AGM 42nd scheduled for 31 July 2026 at 11:00 IST via VC/OAVM.
• Annual Report 2025-2026 available online; path https://www.rasandik.com/report.html.
• Email registration cut-off date for sending annual report: 03-07-2026.
• KYC update required for physical holders per SEBI 2024 circular (PAN, address, mobile).
• SEBI circular mandates updated bank details, specimen signature, and nomination where applicable.
• Unupdated folios may receive payments only electronically from 1 Apr 2024.
• Nomination and KYC formats ISR-1/2/3, SH-13/14 available on MUFG Intime site.
• Queries to be raised via MUFG Intime helpdesk portal.

Compliance status under Reg. 74(5)

• Certificate confirms compliance with Regulation 74(5) for the reporting period.
• Certificate issued by the Registrar and Transfer Agent on behalf of the company.

AGM Details

• Date, time and mode: 31 July 2026 at 11:00 A.M. IST via VC/OAVM.
• Deemed venue: registered office; quorum via VC/OAVM attendance.

Key Resolutions

• Item 1: Adoption of Audited financial statements and Consolidated statements for year ended 31 March 2026.
• Item 2: Re-appointment of Deepika Kapoor (DIN 00054799) as Director, retiring by rotation.
• Voting results: not disclosed in this filing.

Director & Governance

• Proposed re-appointment: Deepika Kapoor; board recommends.
• DIN 00054799; age 68; founder promoter; Director on Rasandik board.
• Member of NRC, SRC and CSR Committees.
• Attended 4 of 4 board meetings in 2025-26.

Financial snapshot

• Total income ₹6,784.87 lakh.
• Revenue from operations ₹6,767.78 lakh.
• EBITDA ₹13.11 lakh.
• Depreciation ₹522.80 lakh; finance costs ₹262.84 lakh.
• Net loss after tax ₹669.14 lakh.
• Earnings per share ₹-11.20.
• Dividend for 2025-26: none.
• Major customers (two) contributed ₹5,057.67 lakh (>10% of revenue).

Operations & segments

• Single reportable segment: Auto Components.
• SAMRAT EV models in L5 category.
• Customer concentration risk: two customers accounted for ₹5,057.67 lakh.

Capital structure & liquidity

• Net debt ₹2,210.81 lakh; equity ₹8,939.54 lakh.
• Net debt to equity ratio 0.25x.
• Current liabilities exceeded current assets by ₹1,567.95 lakh (going concern note).
• Notes disclose borrowings and liquidity details.

Governance & audit

• Board of four directors: 1 executive, 1 non-exec promoter, 2 independent.
• Statutory auditors: M/s V. Sankar Aiyar & Co; unqualified opinion.
• Secretarial auditors: M/s Arun Gupta & Associates; no qualification.
• CEO/CFO certification on financial statements submitted.

Dividends & shareholding

• Share capital ₹597.50 lakh; unchanged.
• Promoter group holds 3,172,840 shares (53.10%).
• Dematerialisation: 97.37% of shares dematerialised (NSDL 61.37%, CDSL 36%).

CSR & governance disclosures

• CSR not applicable for 2025-26; CSR Committee exists; policy on website.
• Governance certificate by PCS/CA attached.
• Auditors note going concern and Singur plant issue.

Risks & outlook

• Outlook: EV market growth; SAMRAT portfolio; export opportunities.
• Risks: raw material price volatility; supply chain; EV regulatory changes; competition.

Other material disclosures

• Singur plant equipment valued ₹320 lakh; land acquisition nullified by Supreme Court.
• Exceptional item: impairment ₹925.80 lakh in prior year.
• Contingent liabilities include GST, central sales tax and customs duties.