Rashi Peripherals Ltd

Resignation of Independent Director

• Anil Khandelwal resigns as Independent Director of Rashi Peripherals Limited, effective 24 August 2026.
• Resignation includes stepping down from NRC, CSR Committees, and as Chair of Stakeholders' Relationship Committee.
• Reason: governance concerns and divergence with board governance practices.
• Joined the Board in 2024 on invitation after the company's listing.
• No other material reasons for resignation stated.

AGM notice and AR access

• 37th AGM on 9 September 2026 at 12:30 IST via VC/OAVM.
• Web-link to Annual Report FY25-26 and AGM notice for non-email holders at rptechindia.com.
• Cut-off date for unregistered emails: 7 August 2026.

Financial snapshot

• Revenue from operations: ₹158,273.37 million.
• PAT attributable to owners: ₹2,775.77 million.
• Basic EPS: ₹42.12.
• ROE: 14.99%.
• ROCE: 16.02%.
• Current ratio: 1.60x.

Geography & market scope

• India revenue ₹152,695.14 million; Overseas ₹5,578.23 million.

Governance & leadership

• Rajesh Goenka appointed CEO on 3 Feb 2026.

Auditors & internal controls

• Deloitte Haskins & Sells LLP proposed for re-appointment as statutory auditors (2026-27 to 2031).

ESOPs

• ESOP expense recognised: ₹209.57 million in 2025-26.

AGM Details

• AGM date/time: 9 Sep 2026, 12:30 IST, via VC/OAVM.
• Mode: VC/OAVM; deemed venue at registered office.
• Record date for dividend entitlement: 14 August 2026.
• Remote e-voting window: Sep 5–8, 2026; voting at AGM allowed.
• Dividend, if approved, will be paid within 30 days.
• Notice and annual report available on company website.

Ordinary Resolutions

• Adopt Audited standalone and Consolidated financial statements for FY 2025-26.
• Declare final dividend of Rs 2 per equity share.
• Re-appoint Sureshkumar Pansari as Director retiring by rotation.
• Re-appoint Deloitte Haskins & Sells LLP as Statutory Auditors.
• Revise remuneration for Managing Director for 2026-27.

Special Resolutions

• Enhancement in borrowing limits under Section 180(1)(c) to Rs 5,000 crores.
• Authorization to Board to create charge on assets to secure borrowings.

Dividend Status

• Final dividend proposed for FY26: Rs 2 per equity share, subject to approval.

Material Related Party Transactions

• No material related party transactions disclosed in this AGM notice.

Voting Status

• Voting results will be announced post-AGM; e-voting window Sep 5–8, 2026.

Financial Performance

• Consolidated revenue Rs 5,102 crores; standalone Rs 4,832 crores.
• YoY growth: revenue up 62%; EBITDA up 55%; PAT up 69%.
• All-time high annualized ROCE 19.5% and ROE 19.8%.
• Inventory days 55; debtors 41; creditors 40; working capital days 56.
• Net debt Rs 1,285 crores.
• Q1 highlights: strongest quarter in history across revenue, EBITDA, PAT.
• Dell contribution ~5% of quarterly revenue; above FY27 target.

Strategic Initiatives

• Three-pillar strategy: core engine; integrated solutions via acquisitions; semiconductor JV.
• VDA Infosolutions: 67% stake; founders retain stake via staged mechanism.
• Restar JV: 74% Rashi, 26% Restar; target >US$100 million revenue in 3 years; 50+ engineers.
• New branches: Udaipur and Dhule.
• Acquisition and JV developments to lift earnings quality.

Market & Segment Dynamics

• India demand stronger than global peers; unit market may fall ~10%; prices rise due to memory/CPU shortages.
• Consumer ~30-35%; commercial 60-65% split; channel inventory supports upcoming quarter.
• Dell commercial revenue ~5% of quarterly revenue; above FY27 target.
• Semiconductor quarterly revenue up 60% YoY; Q2 growth expected similar with price increase halved.

Balance Sheet & Cash Flow

• Net debt Rs 1,285 crores.
• Working capital days 56; inventory 55; debtors 41; creditors 40.

Outlook & Q&A Highlights

• Q2 numbers expected to be more presentable; July-September demand expected strong.
• Pricing elevated; pockets of consumer affordability pressures in H2.
• Maintaining ROCE/ROE trajectory with balance-sheet discipline.
• Q&A: demand tailwinds in India; price uptrend offsets volume decline; near-term trend intact.
• Q&A: refurbishment opportunity discussed; currently none; potential later.
• Q&A: Restar JV details; 26% Restar; awaiting SPA; target US$100 million revenue in 3 years.
• Q&A: channel inventory high; internal days-of-inventory 55; demand supports upcoming quarters.
• Q&A: Dell contribution and outlook; above target; 5% of revenue.
• Q&A: semicon growth pace; Q2 price increase half the pace.

Dividend and TDS overview

• Board approves final dividend of Rs 2 per equity share for FY2025-26, subject to AGM approval.
• Dividend payout rate 40% of face value.
• TDS on dividend applicable from Apr 1, 2026; rates depend on residency and declarations.
• Nil TDS for resident individuals if TY 2026-27 total dividend <= Rs 10,000.
• Non-residents: withholding rates include 20% or treaty-based rates subject to documentation.
• Deadline to submit Form 121 and related annexures: Sep 4, 2026.
• TDS certificate issued via email; Form 168 tax credit accessible on IT portal.
• Company may apply higher withholding rate if declarations are incomplete.
• AGM date for approval: Sep 9, 2026.
• Company website will host TDS communication and forms.